Management of Productive Waqf Assets in The Village of Deah Glumpang Meuraxa, Banda Aceh, According To Sharia Economic Law

Abstract

Productive waqf is an important instrument in Islamic economic law. This study aims to analyse the management of productive waqf assets in Gampong Deah Glumpang, Meuraxa District, Banda Aceh City, and to review its benefits from the perspective of Islamic economic law and Law No. 41 of 2004 on waqf. The research method is a normative-empirical approach with a descriptive qualitative design. Data were obtained through interviews, observations, and literature reviews related to productive waqf management. The study’s results indicate that productive waqf assets, such as land and rental houses, have been utilised, but their management has not been optimal or professional. Waqf management is still carried out jointly by village officials, not by independent and competent nazirs as mandated by law. This condition has resulted in the suboptimal implementation of the principles of transparency, accountability, and productive waqf management in accordance with Islamic economic law. Therefore, it is necessary to increase human resource capacity by establishing and training professional nazirs to ensure productive waqf management provides sustainable benefits for the community’s welfare.