A Dynamic Model for Cash Waqf Management as One of The Alternative Instruments for The Poverty Alleviation in Indonesia

Dian Masyita (), Muhammad Tasrif () and Abdi Suryadinata Telaga ()
Additional contact information
Dian Masyita: Department of Management and Business, Faculty of Economy, Padjadjaran University
Muhammad Tasrif: Energy Research & Development Group, Bandung Institute of Technology
Abdi Suryadinata Telaga: Information System Department, Astra Manufacturing Polytechnic

No 200502, Working Papers in Business, Management and Finance from Department of Management and Business, Padjadjaran University

Abstract: This research tries to offer a design of the cash waqf management system in a system dynamics model. The Cash Waqf Management is expected to become one of the alternative instruments for the poverty alleviation programs in Indonesia. These programs require huge amount of fund that cannot be provided thoroughly by the government. Therefore, initiation of new sources of fund for such a program is inevitable. In the Islamic sosioeconomic concept, there is a source of social fund that is economically and politically free of charge, namely cash waqf. In this concept, Nadzir (cash waqf fund manager) collects the fund from Waqif (cash waqf payer) and invest the money in the real sector and in any syariah-based investment opportunities. Nadzir will then allocate profits and returns gained from the investments to poverty alleviation programs. Nadzir is obliged to maintain the amount of fund in such a way that it does not go below the initial amount. Therefore, Nadzir not only should be highly capable, but also needs an experienced financial institution in helping SMEs development efforts. Using the system dynamics methodology, we try to design the structure of cash waqf system and simulate the behaviour of cash waqf model.

Keywords: cash waqf; portfolio investment; poverty alleviation; system dynamics (search for similar items in EconPapers)
JEL-codes: G0 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2005-02, Revised 2005-02
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://lp3e.fe.unpad.ac.id/wpaman/200502.pdf First version, 2005 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://lp3e.fe.unpad.ac.id/wpaman/200502.pdf [301 Moved Permanently]--> http://www.unpad.ac.id/wpaman/200502.pdf [301 Moved Permanently]--> https://www.unpad.ac.id/wpaman/200502.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:unp:wpaman:200502

Access Statistics for this paper

More papers in Working Papers in Business, Management and Finance from Department of Management and Business, Padjadjaran University Contact information at EDIRC.
Bibliographic data for series maintained by Aldrin Herwany ().