DOMINANCE OF NAZIR WAQF ECONOMIC MOTIVES AT IMMOVABLE WAQF ASSETS MANAGEMENT IN SERANG CITY, INDONESIA

Muhamad Fauzi; Yusuf Haji Othman; Mukhaer Pakkanna

doi:10.53840/ijiefer195

Authors

Muhamad Fauzi Universiti Islam Antarabangsa Sultan Abdul Halim Mu'adzam Shah
Yusuf Haji Othman Universiti Islam Antarabangsa Sultan Abdul Halim Mua’dzam Shah
Mukhaer Pakkanna Institut Teknologi dan Bisnis Ahmad Dahlan Jakarta

DOI:

https://doi.org/10.53840/ijiefer195

Keywords:

Immovable Waqf, Economic Motive, Urban, Nazir Waqf, Indonesia

Abstract

The purpose of this study is to investigate the economic dominance of waqf nazirs managing immovable waqf properties in urban areas and to identify the primary factors influencing the economic motivation of waqf nazirs managing such properties. The study employed a quantitative research approach, utilising a waqf nazir survey in Serang City, Indonesia, which involved 85 respondents with purposive sampling from the Muhammadiyah waqf nazir organisation. Data collection was conducted using a questionnaire technique via a Google form. Data analysis was descriptive using the Pearson correlation coefficient technique (product-moment). Research indicates that social and religious motives predominate over economic motives in Nazir waqf, accounting for 44.71 per cent, entrepreneurial motives for 29.40 per cent, investment motives for 15.30 per cent, and philanthropic motives for 10.59 per cent. As for education, it affects entrepreneurial motives. Training also influences entrepreneurial motives, as does a waqf nazir, and training has an impact on socio-religious motives.

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