Recently, a number of studies related to waqf exist. However, there are only few studies focusing on the the fiqh, legal, theoretical and practical issues in making waqf a result-oriented investment. Even though waqf is voluntary in nature, waqf has played an important role in the economy of Islamic world in the past. To this end, the ICAST Research Centre is conducted in order to provide innovation in waqf utilisation for various purposes, directly and indirectly, commercially and socially, which are expected to result in socio-economic benefits to many stakeholders in micro level as well as in macro level.
The focus of ICAST Research Centre is waqf study in various sectors (Islamic and conventional banking, non-banking financial institution, capital market, pesantren, etc.).
There are many Islamic economics research in the areas related to waqf, but not limited to Historical & Best Practice of Waqf, Good Nadzir Governance (Licensing Criteria), Risk Management of Waqf, Performance Measurement of Waqf Institution, Performance Audit Model for Nadzir, Waqf Fund for Poverty Alleviation and Waqf for Sustainable Economic Development. The research themes are set to respond to the need of Sustainable Islamic Economics Development Goals (SIEDG’s).
Additionally, the research results are expected to enhance knowledge and are targeted to provide reference for waqf-based sustainable economy as well as waqf policy recommendation for the stakeholders, business players and societies.
The ICAST Research Centre has been established within the International Centre for Awqaf Studies for the purposes of:
- Promoting research into contemporary economic and social problems
- Organising and promoting theoretical and applied research in the waqf, economic and social development problems
- Making significant contributions to research in both empirical and theoretical modelling of waqf-based sustainable economy
- Developing collaborations with researchers from other departments as well as national and international institutions
- Encouraging links between the Islamic Economics academics and practitioners communities
Partnerships and Collaboration
As a Research Centre, ICAST provides an open access to all scientists from all universities who have signed a Memorandum of Understanding (MoU) with UNIDA Gontor. UNIDA Gontor has signed many MoUs on international research collaborations and education cooperations with more than 70 institutions, universities, research institutions and local governments, inland and aboard, in almost all scientific fields. ICAST is held in collaboration with Bank Indonesia, Central Bank of Indonesia for integrating waqf project.
ICAST Research Centre’s international collaborations include research seminars, workshops, researcher exchanges, and even international pilot projects.
- Student Research is awarded to active postgraduate students who will find the waqf research opportunities across Indonesia and abroad. This programme is designed to engage the students as Research Assistants during the academic year
- Grant Research is awarded to PhD and Postdoctoral researchers who are committed to making the most promising waqf research in order to discover a waqf pilot project
- Joint Research is awarded to all scientists from all universities who have signed under an Agreement to strengthen scientific and education capabilities between the two universities and/or countries, specifically for waqf research
- Sabbatical Research is awarded to established scholars who will be in residence at the ICAST for 2–12 months to benefit from ICAST’s facilities for short or extended visits in scientific collaborations
The ICAST’s Publication Centre publishes books, waqf learning modules, endowments guidebook, research reports, working papers and policy briefs, intended to share and disseminate ICAST’s research findings and waqf policy recommendations. These publications cover a wide range of subject matters to deepen the waqf-based sustainable economy – the main pillar under which ICAST conducts research. The Publication Division is also highly involved in other divisions’ activities. Furthermore, the ICAST’s Publication Centre will regularly publish new research work in the working paper series. The Centre exchanges research papers with several research institutions abroad. The Library of the ICAST Research Centre compiles documents, research papers and statistical materials, and is in the process of forming a database.