FINANCIAL PERFORMANCE OF WAQF INSTITUTIONS: EVIDENCE FROM INDONESIA Muhamad Iskandar (a*), Nugraha (b)
1. Universitas Pendidikan Indonesia
Bandung, Indonesia
2. Pesantren Daarut Tauhiid
Abstract
This study analyzes the financial performance of waqf institutions in Indonesia related to the effectiveness of waqf financing models; the application of good corporate governance (GCG) in waqf institutions; and intellectual capital (IC) from the waqf manager. This analysis of financial performance provides an overview of the position of financial performance of waqf institutions in Indonesia which involves waqf financing models, the application of GCG and IC from various aspects. This study was using exploratory methods and content analysis with a qualitative approach to study a phenomenon in a case in a real context, and conducted in 7 (seven) waqf institutions in Indonesia. This study proposes the triple-helix concept of the financial performance of the institution consisting of productive endowment financing models, the application of GCG and IC. The concepts found can be used as a basis for researchers to carry out empirical research in the field.
Keywords: waqf institution, financial performance, application of good corporate governance, intellectual capital, Indonesia
