The role of charitable organizations in increasing community involvement in contributing to cash Waqf-Related Sukuk

Abstract

This research aims to and analyzes the characteristics of charitable organizations in increasing public trust and willingness to invest in Sukuk Related to Cash Waqf in Indonesia. Several research problems were found related to the governance of charitable organizations that have not achieved efficient use of resources and the achievements of charitable projects that have not been effective. Likewise, the management and distribution of charity funds still does not meet the transparency aspect, and charity organizations have not prepared annual financial reports that are published on websites or mass media. Apart from that, the level of credibility of the management in several charitable organizations is still not able to convince the public. This research method uses a qualitative descriptive approach. Data was obtained from observations, interviews with the leadership of Bank Syariah Indonesia Samarinda city branch, the commissioner of the Indonesian Waqf Agency (BWI) Samarinda city, the leader of the charity organization LazisMu Samarinda city, state civil servants, and literature studies. The results of the research found that the public wants related parties to be able to provide broader and more sustainable information about Sukuk products related to Cash Waqf, charitable organizations can improve fund management more efficiently and effectively, there is transparency from the beginning of planning, process to implementation of charitable projects, and Charitable organizations make financial reports in accordance with accounting principles and meet fairness, have been audited and published, and finally, donors really hope that the managers of charitable organizations must be credible people.