Understanding the Governance of Family Endowments in the Context of Dual Accountability

Indri Kurnia1, Hidayatul Ihsan2*, Firman Surya3, Eliyanora4, & Gustina5
1,2,3,4 Department of Accounting, Politeknik Negeri Padang, Indonesia
5 Department of Business Administration, Politeknik Negeri Padang, Indonesia
*Corresponding e-mail: hidayatul@pnp.ac.id
DOI – http://doi.org/10.37502/IJSMR.2023.61106

Abstract

This research aims to conceptualize the governance of family endowment (waqf ahli) to provide both social and economic benefits. The significance of this research lies in the fact that parties involved in waqf development in Indonesia, such as Indonesian Waqf Board (BWI) and traditional leaders, must establish appropriate policies to ensure the sustainability of waqf ahli. Furthermore, this research not only aims to enrich waqf literature but is also crucial for preserving the potential of local wisdom in efforts to promote socio-economic development in the community. This research uses a qualitative approach with ethnography as its research design. The research employs in-depth interviews and documentation as data collection methods. Interviews were conducted in an unstructured manner with open-ended questions involving key stakeholders directly involved in the management of waqf ahli in several regions. In analyzing the data, the researchers used the thematic network method. The findings of this research indicate the need for a serious approach to the organization of family waqf so that the agenda for waqf revitalization can proceed effectively.

Keywords: waqf ahli, dual accountability, governance.

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