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

Basic Philosophy اَمَو َعْلِل ًةَمْحَر الُِّإ َكاَنْلَسْرَأ َنيِمَلا (21:107) And We have not sent you, [O Muhammad], except as a mercy to the worlds. ريخ مهعفنا سانلاسانلل The best man among you is the one who contributes the most to the mankind. (Bukhari and Muslim) ‘ Alamin (mankind, jinns and all that exists). Muhammad Taqi-ud-Din al-Hilali and Muhammad Muhsin Khan,

Main Agenda : Realise Rosulullah SAW risalah-mission امَو ْحَر الُِّإ َكانْلَسْرَأ ًةَم َنيِمَلاعْلِل Impact Coverage beyond them self Scope of Rasulullah Universe (universal set) Sharing and strengthen Mission Fauna for public domain Mankind Rasulullah moslem SAW Strategic and Sustainable Mission asset (resources) Flora WAQF etc Subset

Future Cone: Contemplation- Waqaf Future

Hybrid: continuous improvement and innovative achievement Continuous Improvement Continuous improvement Innovative Achievement حلصلؤا ديدجلاب ذخلؤاو (limited) Product (unlimited) حلاصلا ميدقلا ىلع ةظفاحملا

Characteristic of waqf asset Nadzir: value-creator Xn = X1 + Yn Xn : Total asset waqf (n) Yn: distribute to X1 : waqf asset (modal original) mauquf ‘alaih and to Yn : Benefit (n) increase waqf assets X1 X1: waqf asset (year 1)

Differences of ZIS and Waqaf assets management ZIS : assets (used up), value (eternal) Waqaf : assets(eternal and increase), value (eternal) Waqaf (special attention) ZIS Productive ‘Consumptive’ (Value Creation) Operational expenditure-Opex Capital expenditure-Capex Waqaf: instrument for prosperity, dakwah and dignity

Nadzir : Merawat Ayam dengan baik sehingga bertelur dan berinduk sebagai production engine yang lebih banyak Hasil value creation (telur) yg bisa dibagi ke mauquf ‘ alaih Waqaf asset

Mindset and lifestyle Transformation Consumptive to Productive Lifestyle ZIS (Zakat, Infaq, Waqaf (Capital expenditure) Sedoqoh) (Operational Expenditure)

Pentingnya menjaga semangat perubahan: continuous improvement

Waqaf Ecosystem: Innovation area Nadzir competencies is ‘ key ’ Nadzir scope activities Achmad Wardi Eye Hospital waqif waqf waqf assets mauquf management ‘ alaih assets Digital native waqaf literation (waqf goes to Diversification campus-school) Commercial-prudent-max (cash, copy right, point, benefit (waqf linked sukuk, waqf stock etc) core principles, halal industry) Digital technology: enabler

EF: 6.1 Billion GBP (IDR 97 T) EF: 38.3 Billion USD Waqf Asset Oxford Univ. London (1096 M) (IDR 574 T) Al Qurawiyyin Univ. Fez Maroko (859 M) Endowment Fund (EF) Harvard Univ. USA (1636 M) EF: 26.5 Billion USD Al Azhar Univ. Cairo Egypt (970 M) Stanford Univ. USA (1891 M) (IDR 397 T)

Innopreneurship Ecosystem Development Fundamental modality The Way of Imagination & Curiousity Thinking Critical Thinking Higher Order Thinking Education and culture Entrepreneurship Creating value in the marketplace

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

Why Focusing on Gen X and Digital Native Generation Age in 2019 Digital Native (students) ~ 109 mio (42 %) ‘ Screenagers Generation ’ Special attention: 110 mio (42 %) number and future 23-54 years generation 40 mio (16 %) > 55 years Source: PEW Research Center and BPS

+ millennials and digital native generation: Philanthropist Top 10 countries in the CAF World Giving Index 2018 Charities Aid Foundation (CAF), October 2018

Philanthropist: basic character of Indonesian millennials Indonesian Cheapskate-stingy Millinneals outlier-exception Philanthropist outlier-exception

• • • • •

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 of 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