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Measuring The Efficiency Of Waqf Fund In Indonesia

Author

Listed:
  • Aam Slamet Rusydiana

    (Airlangga University, Indonesia)

  • Raditya Sukmana

    (Airlangga University, Indonesia)

  • Nisful Laila

    (Airlangga University, Indonesia)

Abstract

This research measures the efficiency of waqf funds managed by philanthropic institutions in Indonesia using the Data Envelopment Analysis (DEA) approach over the 2013-2021 period. The unit of analysis consists of nine philanthropic waqf institutions. In the measurement of efficiency using production approach, the study takes human resource expenses, operational costs and fixed assets as inputs and collection and distribution of waqf funds as outputs. The findings indicate that the efficiency of philanthropic organizations in handling waqf funds varies from year to year between 2013 and 2021. The study also notes that the Covid pandemic has no substantial impact on the efficiency of the waqf institutions. Interestingly, regional institution clusters are more efficient than mass organization and national institution clusters.

Suggested Citation

  • Aam Slamet Rusydiana & Raditya Sukmana & Nisful Laila, 2022. "Measuring The Efficiency Of Waqf Fund In Indonesia," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 8(Special I), pages 153-174, December.
    • Handle: RePEc:idn:journl:v:8:y:2022:i:sih:p:153-174
    DOI: https://doi.org/10.21098/jimf.v8i0.1650
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    More about this item

    Keywords

    Efficiency; Waqf fund; DEA; Indonesia;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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