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cash waqf. Cash waqf is a gift in the form of money.
When connected in this era of globalization, cash
waqf includes stocks, checks and other securities.
2 LITERATURE REVIEW
2.1 Cash Waqf
Cash waqf for Muslims is new. This can be observed
with the birth of the Indonesian Ulama Council's
fatwa on the money waqf set on May 11, 2002. The
Law on waqf itself was also recently approved by
the President on 27 October 2004. This law
represents a new milestone for the management of
waqf which previously organized in Government
Regulation number 28 year 1977 and Compilation of
Islamic Law book III (Ali, 2006: 98-101).
Cash waqf in Religious Department definition
(Djunaidi, 2007: 3) is waqf by a person, group of
people, and institution or legal entity in the form of
money. Waqf cash is one of the forms of waqf
submitted by a wakif to nadzir in the form of cash,
while the definition of waqf issued by the Fatwa
Commission of Indonesian Council of Ulama (2003:
85) dated May 11, 2002, when releasing a fatwa on
money waqf namely:
"Keeping assets that can be exploited without the
disappearance of the object or principal, by taking
legal action against the object (selling, giving, or
inheriting it), to be distributed (the result) on
something mubah (not haram) that exist.”
2.2 Productive Age Entrepreneur
According to Hisrich et al., In Wijanto (2009: 3)
entrepreneurship is a process of creating something
new and valuable, utilizing the effort and time
required, taking into account social, physical and
financial risks, and receiving rewards in the form of
money and satisfaction personal and independence.
According to Coulter (Suryana and Kartib, 2011:
25), entrepreneurship is often associated with the
process, the establishment or growth of a new
business oriented to the acquisition of profits, value
creation, and the creation of new and innovative new
products or services.
Zimmerer (Kasmir, 2011: 20) states that
entrepreneurship is a process of applying creativity
and innovation in solving problems and finding
opportunities to improve the life (effort). Therefore,
it is born entrepreneurs or entrepreneurs who can
create something new, valuable, and business
oriented so as to generate profits that are generally
done by the productive age between 15 to 64 years.
Therefore, the results of entrepreneurship are
expected to productive age entrepreneurs can do
waqf in cash.
According to Freddy Rangkuti (2009: 18) SWOT
analysis is the identification of various factors
systematically to formulate corporate strategy. This
analysis is based on the logic that can maximize
strength (S) and opportunities (O), but can
simultaneously minimize weakness (W) and threats
(T). According to Kotler (2009: 51), SWOT
Analysis (Strength, Weakness, Opportunity, Threat)
is a way to observe the external and internal
marketing environment.
According to Gitosudarmo (2001: 115) the word
SWOT is an approach which can be translated into
strengths, weaknesses, opportunities and threats. The
translation is often abbreviated to "OUTLET". In the
above explanation when associated with a company.
However, attributed to the interest of a productive
Muslim entrepreneur in this study is the SWOT in
the development of interest in cash waqf.
3 RESEARCH METHOD
This research is descriptive analytic. The population
in this study is entrepreneurial Muslim entrepreneurs
in Surabaya. The sampling technique used in this
research is purposive sampling, the technique of
determining the sample with certain considerations,
while the sample is taken as much as 99
respondents. Independent variables are strength,
weakness, opportunities and threat while the
dependent variable is the development of interest in
cash waqf. The Analysis data includes test validity
and reliability, descriptive analysis, multiple linear
regression analysis and classical assumption test.
The significance level in this research is 0,05. This
research was conducted in Surabaya. This study is
limited to productive age entrepreneurs in Surabaya
so that the scope of the study is smaller and limited
so that the results cannot be known widely the
potential of cash waqf in the group of subjects with
large amounts. It is recommended for subsequent
research so that the object being studied more
widely so that the data obtained more.
SWOT Analysis on Interest Development of Cash Waqf of Moslem Productive Age Entrepreneurs in Surabaya
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