Open AccessOPTIMALISASI PERAN WAKAF DALAM PEMBERDAYAAN USAHA MIKRO, KECIL DAN MENENGAH (UMKM)
Author(s) -
Sri Budi Cantika
Publication year - 2015
Publication title -
journal of innovation in business and economics
Language(s) - English
Resource type - Journals
eISSN - 2581-2025
pISSN - 2580-9431
DOI - 10.22219/jibe.vol6.no1.1-16
Subject(s) - deed , business , investment (military) , agency (philosophy) , product (mathematics) , poverty , small and medium sized enterprises , microfinance , institution , quality (philosophy) , capital (architecture) , empowerment , finance , business administration , marketing , accounting , economic growth , economics , political science , law , politics , philosophy , geometry , mathematics , archaeology , epistemology , history
The potential of Zakat, Infaq, Shodaqoh (ZIS), and Waqaf (endowments) to help society economic improvement are very important, yet the role of Islamic Finance Institution, as the executing agency that administer these four pious deed, were still not optimal yet. This article reveals the important role of Endowments in assisting the empowerment of Micro, Small, and Medium Enterprises (MSMEs) which is one of the strengths in poverty alleviation, employment creation and increase the strength of family income. Waqaf (endowments) Management Institute, an organization that empowers MSMEs through microfinance and business assistance, offers some strategic steps that must be carried out in managing successful business namely providing investment capital and working capital, presenting training and skills improvement, business consulting, improving product quality, market, business networking, and technology.