The Contribution of Waqf to the Development of Educational Resources and Local Economic Empowerment in Kasemen District, Serang City, Banten Province

Abstract

This study aims to determine Waqf's role and strategies in the Expansion of
Educational Assets and Moslems Economic Empowerment in the Kasemen District,
Serang City, Banten Province, at The Al-Khairiyah Badamusalam Islamic Education
Foundation in Serang City. This research is field research with a shar'i and socio-historical approach that used triangulation techniques (combined) in collecting its data
in the form of key informants. The instruments used are interviews and observation.
Data is collected in the field and through archived essential documents. The data
analysis technique used is descriptive analysis. The results of this research revealed that
the role of Waqf in the Expansion of Educational Assets and Moslems Economic
Empowerment in the Kasemen District, Serang City, Banten Province, guided by the
concept of Islamic management, which departs from five basic principles, namely (a)
trust (b) intelligence (c) transparency (d) honesty, and (e) protection. In managing the
Waqf assets, the Foundation distributes the financial support sourced from education
fees and donations allocated to fund high-quality educational facilities. The strategies of
Waqf development are:1) Implementing the partnership program with third parties,
whether linked to the institution or students' skills. 2) Implementation of skills training
according to the experiences of each of the students. In managing and developing the
Waqf assets.