Management of Productive Wakaf for Education In Indonesia: National Empirical Analysis and Integrative Model Based on Pentahelik

Abstract

Productive waqf has great potential to help fund sustainable education if managed professionally. This study uses a systematic literature review method and analyzes secondary data to identify various obstacles and develop a management model for productive waqf aimed at education. The study shows that the gap between existing capabilities and achieved results is caused by several factors, such as incomplete data, lack of understanding about waqf, low quality of work among nazhirs, and limited investment tools that comply with Sharia principles. This study offers an integrated pentahelix model, which combines wakif, professional nazhir, educational institutions, Islamic banks, and the government to maximize the use of endowment funds for education. This model is expected to serve as a foundation for the formulation of national policies related to the sustainable use of productive research approaches