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Reconstructing accountability of the cash waqf (endowment) institution in Indonesia

Dodik Siswantoro (Department of Accounting, Fakultas Ekonomi, Universitas Indonesia , Depok, Indonesia)
Haula Rosdiana ( Universitas Indonesia , Depok, Indonesia)
Heri Fathurahman ( Universitas Indonesia , Depok, Indonesia)

Managerial Finance

ISSN: 0307-4358

Article publication date: 11 April 2018

Issue publication date: 24 May 2018

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1052

Abstract

Purpose

The purpose of this paper is to reconstruct the accountability of the cash waqf institution in Indonesia, including the logic which may refer to the accountability objective.

Design/methodology/approach

The paper employs the qualitative method with a constructivist paradigm. Four different characteristics of cash waqf institutions in Indonesia serve as the object of this research with other related respondents, such as the government and Islamic banks. These multiple case studies may represent the characteristics of cash waqf institutions.

Findings

The result shows that the cash waqf institution in Indonesia has unique and different logical characteristics, which is neither unitary nor pluralist.

Originality/value

This may be the first research which discusses the accountability-based logic for cash waqf institutions in Indonesia. These institutions apply Islamic teaching (Shariah) and must generate big income for social activities. Conditions in other countries may be similar since as waqf institutions have common concepts in general.

Keywords

Citation

Siswantoro, D., Rosdiana, H. and Fathurahman, H. (2018), "Reconstructing accountability of the cash waqf (endowment) institution in Indonesia", Managerial Finance, Vol. 44 No. 5, pp. 624-644. https://doi.org/10.1108/MF-05-2017-0188

Publisher

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Emerald Publishing Limited

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