Waqaf and Innovation in Practices By Mohammad NUH Chairman of - - PowerPoint PPT Presentation

Global Network Chain and Emerging Technopreneurs

Waqaf and Innovation in Practices

By

Mohammad NUH

Chairman of Indonesian Awqf Board

Jakarta, 14 November 2019

اَمَو َعْلِل ًةَمْحَر الُِّإ َكاَنْلَسْرَأ َنيِمَلا

(21:107) And We have not sent you, [O Muhammad], except as a mercy to the worlds.

‘Alamin (mankind, jinns and all that exists).

Muhammad Taqi-ud-Din al-Hilali and Muhammad Muhsin Khan,

ريخ مهعفنا سانلاسانلل

The best man among you is the one who contributes the most to the

• mankind. (Bukhari and Muslim)

Basic Philosophy

امَو ْحَر الُِّإ َكانْلَسْرَأ ًةَم َنيِمَلاعْلِل

Rasulullah SAW Mission

Universe (universal set)

Mankind

moslem

Scope of Rasulullah Mission

Impact Coverage beyond them self Sharing and strengthen for public domain Strategic and Sustainable asset (resources)

WAQF

Main Agenda : Realise Rosulullah SAW risalah-mission

Flora Fauna

etc

Subset

Future Cone: Contemplation- Waqaf Future

Innovative Achievement Product (unlimited) Continuous Improvement Continuous improvement (limited)

Hybrid: continuous improvement and innovative achievement

حلاصلا ميدقلا ىلع ةظفاحملا حلصلؤا ديدجلاب ذخلؤاو

X1

Yn: distribute to

mauquf ‘alaih and to increase waqf assets X1: waqf asset (year 1)

Characteristic of waqf asset

Xn = X1 + Yn

Xn : Total asset waqf (n) X1 : waqf asset (modal original) Yn : Benefit (n)

Nadzir: value-creator

ZIS : assets (used up), value (eternal)

Waqaf : assets(eternal and increase), value (eternal)

Differences of ZIS and Waqaf assets management

‘Consumptive’

Productive (Value Creation)

ZIS

Waqaf (special attention) Waqaf: instrument for prosperity, dakwah and dignity

Operational expenditure-Opex Capital expenditure-Capex

Waqaf asset

Hasil value creation (telur) yg bisa dibagi ke mauquf ‘alaih

Nadzir : Merawat Ayam dengan baik sehingga bertelur dan berinduk sebagai production engine yang lebih banyak

Mindset and lifestyle Transformation Consumptive to Productive Lifestyle

ZIS (Zakat, Infaq, Sedoqoh) (Operational Expenditure) Waqaf (Capital expenditure)

Pentingnya menjaga semangat perubahan: continuous improvement

waqif waqf assets Nadzir scope activities

waqf assets management mauquf ‘alaih

Waqaf Ecosystem: Innovation area

Nadzir competencies is ‘key’

Digital native waqaf literation (waqf goes to campus-school) Diversification (cash, copy right, point, stock etc) Commercial-prudent-max benefit (waqf linked sukuk, waqf core principles, halal industry)

Digital technology: enabler

Achmad Wardi Eye Hospital

Al Qurawiyyin Univ. Fez Maroko (859 M) Al Azhar Univ. Cairo Egypt (970 M) Oxford Univ. London (1096 M) Harvard Univ. USA (1636 M) Stanford Univ. USA (1891 M)

Waqf Asset

EF: 38.3 Billion USD (IDR 574 T) EF: 26.5 Billion USD (IDR 397 T) EF: 6.1 Billion GBP (IDR 97 T)

Endowment Fund (EF)

Imagination & Curiousity Critical Thinking Higher Order Thinking

Fundamental modality Education and culture

Creating value in the marketplace

Entrepreneurship

Innopreneurship Ecosystem Development

The Way of Thinking

The change in technology penetration around the world between 1995-2018 was substantial and holds promise to benefit people around the world

Mobile services for ZISWAF: required and obligatory

Global Islamic Economy & Halal Industry

Source: PEW Research Center and BPS

Why Focusing on Gen X and Digital Native

Generation Age in 2019

~ 109 mio (42 %) 110 mio (42 %) 40 mio (16 %) Digital Native (students) ‘Screenagers Generation’

Special attention: number and future generation

> 55 years 23-54 years

+

millennials and digital native generation: Philanthropist

Top 10 countries in the CAF World Giving Index 2018

Charities Aid Foundation (CAF), October 2018

Indonesian Millinneals Philanthropist

Philanthropist: basic character of Indonesian millennials

• utlier-exception
• utlier-exception

Cheapskate-stingy

Waqf Goes to Campus

اوُقِفْنَأَو ْنِماَم ْمُكاَنْقَزَر ْنِم ِلْبَق ْنَأ َيِتْأَي ُمُكَدَحَأ ْوَمْلا ُت َلوُقَيَف ِ بَر َلُّْوَليِنَتْراخَأ ىَلِإ لَجَأ بيِرَق َقاداصَأَف ْنُكَأَو َنِم َنيِحِلااصلا

(63:10) And spend [in the way of Allah] from what We have provided you before death approaches one

• f you and he says, “My Lord, if only You would delay

me for a brief term so I would give charity and be among the righteous.”

Waqf: One Give For Many Generation