Risk Management Mechanism in Empowering Productive Waqf - A Conceptual Approach

Atina Shofawati

Abstract

Nowadays the development of Islamic social finance shows the significant role to increase the welfare of society. This paper emphasizes the productive Waqf, as one of the investment instruments in Islamic social finance. Productive Waqf faces the condition which has the opportunity to occur the risk and return in empowering productive Waqf. This paper investigates the risk management mechanism in empowering productive Waqf. Productive Waqf gives a long term benefit and added value to increase the welfare, to build the infrastructure to create civil society also to achieve welfare nation (baldatun thayyibatun warabbun ghafur). Productive waqf empowerment faces some challenges, especially the risks which occur along the productive Waqf empowerment. This paper uses literature review method to describe the risk management mechanism to increase the optimization of productive Waqf empowerment. The result of this paper can give a conceptual framework about the risk in empowering of productive Waqf and the mechanism to mitigate the inherent risk of productive Waqf to increase the productive Waqf management properly.

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Paper Citation


in Harvard Style

Shofawati A. (2017). Risk Management Mechanism in Empowering Productive Waqf - A Conceptual Approach.In 1st International Conference on Islamic Economics, Business, and Philanthropy - Volume 1: ICIEBP, ISBN 978-989-758-315-5, pages 581-587. DOI: 10.5220/0007086105810587


in Bibtex Style

@conference{iciebp17,
author={Atina Shofawati},
title={Risk Management Mechanism in Empowering Productive Waqf - A Conceptual Approach},
booktitle={1st International Conference on Islamic Economics, Business, and Philanthropy - Volume 1: ICIEBP,},
year={2017},
pages={581-587},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007086105810587},
isbn={978-989-758-315-5},
}


in EndNote Style

TY - CONF

JO - 1st International Conference on Islamic Economics, Business, and Philanthropy - Volume 1: ICIEBP,
TI - Risk Management Mechanism in Empowering Productive Waqf - A Conceptual Approach
SN - 978-989-758-315-5
AU - Shofawati A.
PY - 2017
SP - 581
EP - 587
DO - 10.5220/0007086105810587