Optimization of Productive Waqf in The Digital Era

Case Study of Yayasan Dana Sosial Al-Falah’s (YDSF) Boat Waqf Program for Fishermen in Lamongan, East Java

Abstract

The boat waqf program by the Yayasan Dana Sosial Al-Falah (YDSF) is one form of productive waqf management in the digital era. The program comes from cash waqf funds collected by YDSF through digital-based waqf services. This research examines how the optimization and role of YDSF in productive waqf management for the economic empowerment of fishermen in Lamongan through the boat waqf program. This research uses qualitative method with descriptive analysis techniques. Data sources were obtained from observations in Labuhan, Lamongan, interviews with informants: YDSF nazhir: fishermen, and documentation of waqf objects also other related documents. The results of the research: First, the optimization of productive waqf carried out by YDSF in Lamongan in the form of a boat waqf program using the concept of mudharabah. The profit sharing scheme used is 70% for fishermen, 10% operational costs, 10% for basic savings funds, 10% for nazhirs. Second, YDSF's role in optimizing through the boat waqf program has not contributed much because the quantity is still small and the scope of benefits has not touched all fishermen in Lamongan. However, the waqf boat program can be a role model in optimizing productive waqf and can be a solution for economic empowerment for fishermen. YDSF is expected to increase its role in productive waqf management by increasing the quantity of boat waqf programs so that the benefits can be felt more widely. This limited research opens up space for comparison study of similar productive waqf optimizations carried out by other waqf institutions.