Evaluating the Performance of Nazhir Muhammadiyah Central Java in Advancing Sustainable Development Goals
Year: 2025
Type: article
Study design: Observational Study
Abstract: This study assesses the effectiveness and sustainability of waqf managers (Nazhir) in Central Java, Indonesia. Using a quantitative approach with multiple linear regression analysis, the research examines data from 64 certified Nazhir respondents. It evaluates key factors influencing Nazhir's performance, including Nazhir’s educational background (Waqf Knowledge), crowdfunding efforts, investment strategies, waqf-benefit distribution to society, and the supervision of waqf management in adherence to Shariah compliance. The study provides insights into how Nazhir can optimize waqf resources for long-term social and economic impact by analyzing these elements. The findings reveal that although Nazhirs are formally certified, their educational background, crowdfunding efforts, and investment strategies negatively impact performance improvement. This is primarily due to a lack of widespread implementation of waqf theory, limited crowdfunding targets, and the absence of a broadly adopted investment model across districts in Central Java. In contrast, waqf-benefit distribution and the supervision of waqf management have a significant positive effect. This is primarily attributed to the collective role of Muhammadiyah’s assemblies, autonomous organizations, and institutions responsible for waqf development and serving as waqf beneficiaries. Furthermore, supervision and compliance remain critical and constant factors, as Muhammadiyah Nazhir must adhere to national laws, fatwas, and government regulations.
Authors: Yuli Utami, Fadiyah Nur Azizah Syafitri
Institution: Muhammadiyah University of Yogyakarta
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4408858953