Designing an Accounting Information System to Reconstruct the Management Model of Micro Waqf Banks with Lillahi Taala as Its Ethical Core Sri Luayyi (a*),Zulfia Rahmawati (b)
a) Department of Accountancy, Faculty of Economics, Universitas Islam Kadiri
Jalan Sersan Suharmadji No 38 Kota Kediri, Jawa Timur,Indonesia
sriluayyi[at]uniska-kediri.ac.id
b) Department of Management, Faculty of Economics, Universitas Islam Kadiri
Jalan Sersan Suharmadji No 38 Kota Kediri, Jawa Timur,Indonesia
Abstract
This study proposes the development of a specialized accounting information system (AIS) to reform the management framework of Micro Waqf Banks (BWM) in Indonesia. Despite their rapid expansion to 62 units since 2017, BWMs operate under a cooperative legal status while exhibiting practices incongruent with both cooperative principles and conventional banking models. This unique operational identity, while distinctive, has created a strategic impediment. Consequently, the core social objective of Micro Waqf Banks (BWM) to enhance the welfare of economically marginalized communities surrounding Islamic boarding schools remains suboptimally realized. This research contends that a transformative AIS is the critical catalyst for reshaping BWM management. The proposed system is uniquely designed to be deeply embedded with the core Islamic principle of Lillahi Ta^ala (for God Almighty), integrating spiritual accountability into its operational fabric. Grounded in an Islamic paradigm, this inquiry employs a qualitative, phenomenological approach rooted in Islamic epistemology to construct a normative-propositional AIS model. The expected outcome is a comprehensive strategic framework that realigns BWM operations with their foundational social-mission, thereby enhancing their operational effectiveness and socioeconomic impact. This study is poised to significantly aid policymakers and practitioners in leveraging BWMs as potent, sustainable vehicles for fostering inclusive economic development and achieving measurable societal benefits.
Keywords: Accounting Information System Micro Waqf Bank Management- Lillahi Taala
Topic: Economic Welfare in Terms of Islamic Perspective
