THE NADZIR’S ROLE IN WAQF EMPOWERMENT FOR PEOPLE’S WELFARE (CASE STUDY IN THE NADZIR OF UNIVERSITAS ISLAM MALANG FOUNDATION)

Abstract

This paper reviews how the management of productive waqf is able to realize the welfare of the people. In Islamic history, waqf has a very important role. If waqf is managed properly, it will provide benefits in the form of sustainable funding so that people are able to use these funds for education, health and welfare. The management of productive waqf is handled by nadzir. The research methods that used is case study with qualitative approach, this paper describes the role of Nadzir in managing productive waqf at the Universitas Islam Malang Foundation.The Nadzir of Universitas Islam Malang Foundation is stick with the sharia law and UU No. 41 Tahun 2004. The role of Universitas Islam Malang’s nadzir is suitable with the duties and roles that listed on UU No 41 Tahun 2004. The duties and roles are first, accepting and administrating the waqf asset. Second, managing and developing waqf asset through build VIP Rooms, Al-Khaibar Minimarket and Go Fish Restaurant. Third, keep the waqf asset through pledging the waqf asset to Bank Muamalat and fourth, reporting the waqf asset management to Kementerian Agama as waqif.