Signifying the Crucial Role of Performance Measurement in Istibdal Waqf Projects in Malaysia

Istibdal waqf is one of the methods conducted to optimise waqf property to become more productive. In Malaysia, scholars have agreed that istibdal can be applied to all categories of waqf property. It is also used to solve the problems related to waqf land, which includes urban development, roads, land acquisition, and unproductive waqf land. Istibdal waqf can also be implemented if a waqif has expressed the intention to implement istibdal if the waqf properties can no longer benefit the beneficiaries. Therefore, this study aims to explain the indicators proposed for measuring the performance of the istibdal waqf project in waqf institutions in Malaysia. This study used qualitative research based on the library method. Facts and arguments are drawn from library materials such as high-impact journals and articles, newspapers, and conference papers. The result of the study discovered some indicators for the performance measurement in istibdal waqf. The indicators are divided into four categories: input, output, outcome, and network. To maximise the potential of waqf in a country, the performance measurement of waqf institutions must be measured to ensure that the waqf projects can benefit the community.