Strengthening Humanity Values in Ummah Civilization of Digital Era

Abstract

One potential instrument to encourage the social and economic growth of the society is the waqf. Waqf has made significant contributions, although their potential and advantages have not yet been completely realised. Recognizing this problem, it is necessary for the institutions in charge of managing waqf assets to improve how well they fulfil their obligations to pertinent stakeholders, in line with the maqasid waqf perspective. This study aims to measure the performance of Waqf institutions based on the Maqasid Syariah Index (MSI). The method used in this study is a descriptive research. The study used thirteen samples of State Waqf Institutions (SWI) in Malaysia. The study data was used the annual report in 2016-2020. The analytical method used in this study was the Maqasid Sharia Index with five indicators, namely Faith/Religion (din), Intellect Advancement (aql), Life (nafs), Progeny (nasl) and Welfare (mal). The significance of this study is that it proposes the objectives of waqf institutions from the Maqasid Syariah perspective. It also suggests methodologies that can be used to develop waqf institutions performance measures based on the Syariah framework. The results of the study have shown variations in the performance of the waqf institutions.