Shi, Cifp
Cash-Waqf as A New Financial Instrument For Socio-Economic Development: Case Study In Indonesia
By
Anas Budiharjo
1100360
(Student of CIFP-INCEIF)
Kuala Lumpur, Malaysia
November 20, 2011
September 2011
Cash-Waqf as A New Financial Instrument For Socio-Economic Development:
Case Study In Indonesia
Anas Budiharjo
September 2011
1. Introduction
Muslim countries claim that their lack of economics success was due to the opression, humiliation and bad policies which had been imposed upon them since colonization in almost all the muslim countries although they led the world for centuries in science, philosophy, culture, and prosperity during the golden days of Islam. Others related this lack to the incompentence and the corruption on the part of their governments.
We cannot deny the above mentioned factors as the main catalyst for the lack development. However, a great role has been impeded from among the muslims themselves since they neglected theii Islamic institutions and they blindly imitated the developed and the non muslim countries which separated religion from their daily life. A glance at the current situation or the Muslims today we realized that Muslims are divided into two catogories, muslim with very high level of living standards leaving the majority of Muslims suffering from illiteracy, lacking good health, high level of unemployment, a lack of good and good sanitation.
For example in Indonesia the economic crisis since July 1997 spread to various aspects of national and state. The weakening of economic activity, as a result of exchange rate depreciation is very sharp and high inflation, not only led to decreased levels of economic growth, but also force other economic sectors to reduce or even stop his efforts.
Poverty rate in Indonesia is still high at 49.5% with reference to World Bank standards. This situation is caused because the real sector is not moving, layoffs, termination of Employment, continue to occur due to
By
Anas Budiharjo
1100360
(Student of CIFP-INCEIF)
Kuala Lumpur, Malaysia
November 20, 2011
September 2011
Cash-Waqf as A New Financial Instrument For Socio-Economic Development:
Case Study In Indonesia
Anas Budiharjo
September 2011
1. Introduction
Muslim countries claim that their lack of economics success was due to the opression, humiliation and bad policies which had been imposed upon them since colonization in almost all the muslim countries although they led the world for centuries in science, philosophy, culture, and prosperity during the golden days of Islam. Others related this lack to the incompentence and the corruption on the part of their governments.
We cannot deny the above mentioned factors as the main catalyst for the lack development. However, a great role has been impeded from among the muslims themselves since they neglected theii Islamic institutions and they blindly imitated the developed and the non muslim countries which separated religion from their daily life. A glance at the current situation or the Muslims today we realized that Muslims are divided into two catogories, muslim with very high level of living standards leaving the majority of Muslims suffering from illiteracy, lacking good health, high level of unemployment, a lack of good and good sanitation.
For example in Indonesia the economic crisis since July 1997 spread to various aspects of national and state. The weakening of economic activity, as a result of exchange rate depreciation is very sharp and high inflation, not only led to decreased levels of economic growth, but also force other economic sectors to reduce or even stop his efforts.
Poverty rate in Indonesia is still high at 49.5% with reference to World Bank standards. This situation is caused because the real sector is not moving, layoffs, termination of Employment, continue to occur due to
References: Central Bureau of Statistics of Indonesia. 2007. Official Statistics Number 38/07/Th. X. Jakarata ________________. 2009. Cash Waqf: A New Financial Product. Malaysia: Pearson. Iswantoro, Dodik Kahf, Monzer. 2000. Al-Waqf al-Islâmī Tathawwaruh, Idâratuh, Tanmiyatuh. Damaskus: Dâr al-Fikr. [ 7 ]. Magda Ismail Abdul Mohsin. 2009. Cash Waqf: A New Financial Product, p. 43. [ 13 ]. Monzer Kahf. 2000. Al-Waqf al-Islâmī Tathawwaruh, Idâratuh, Tanmiyatuh. Damaskus: Dâr al-Fikr. p. 194.