Analysis of Productive Waqf Transformation and Cost Efficiency on Health Infrastructure Development in Bogor Regency

This study explores the transformation of traditional waqf into productive waqf and its role in enhancing cost efficiency for health infrastructure development in Bogor Regency. Using a qualitative approach, the study draws on data from four key informants and document analysis, with findings analyzed through NVivo software. The research highlights how innovative waqf management strategies, such as leasing waqf land and reinvesting revenues, have contributed to sustainable financing of healthcare projects. Despite its potential, challenges such as regulatory constraints, limited management capacity, and cultural perceptions of waqf hinder its full implementation. The study emphasizes the need for regulatory reforms, capacity-building initiatives, and community engagement to optimize the use of productive waqf in public infrastructure. These findings provide valuable insights for policymakers, waqf institutions, and healthcare planners in leveraging Islamic financial instruments for sustainable development.

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Publication Details

Journal
West Science Social and Humanities Studies
Published
2024-11-29
DOI
https://doi.org/10.58812/wsshs.v2i11.1438
Primary Topic
Islamic Finance and Banking Studies
Type
article
Field-Weighted Citation Impact
0.00
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article

Analysis of Productive Waqf Transformation and Cost Efficiency on Health Infrastructure Development in Bogor Regency

Tera Lesmana, Loso Judijanto, Muhamad Ammar Muhtadi
West Science Social and Humanities Studies
Islamic Finance and Banking Studies
article

Analysis of Productive Waqf Transformation and Cost Efficiency on Health Infrastructure Development in Bogor Regency

Tera Lesmana, Loso Judijanto, Muhamad Ammar Muhtadi
article en

Abstract

This study explores the transformation of traditional waqf into productive waqf and its role in enhancing cost efficiency for health infrastructure development in Bogor Regency. Using a qualitative approach, the study draws on data from four key informants and document analysis, with findings analyzed through NVivo software. The research highlights how innovative waqf management strategies, such as leasing waqf land and reinvesting revenues, have contributed to sustainable financing of healthcare projects. Despite its potential, challenges such as regulatory constraints, limited management capacity, and cultural perceptions of waqf hinder its full implementation. The study emphasizes the need for regulatory reforms, capacity-building initiatives, and community engagement to optimize the use of productive waqf in public infrastructure. These findings provide valuable insights for policymakers, waqf institutions, and healthcare planners in leveraging Islamic financial instruments for sustainable development.

West Science Social and Humanities StudiesVol. 2(11)
Universitas Wijaya Putra (ID), Universitas Ciputra (ID)
Openalex Percentile: Top 62%
Islamic Finance and Banking Studies
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