Author
Ismi Fitri Aulia, Mohammad Nizarul Alim, Nur Hayati
Keywords
Risk Management; Cash Waqf; Good Governance; Fraud Prevention.
Abstract
Waqf is one of the Islamic social instruments. There are two types of productive waqf instruments, namely assets waqf and cash waqf. Cash waqf poses new challenges to the concept of waqf, perhaps the most obvious is how to ensure that waqf assets continue to exist, for example reduced in value due to the time value of money, operational risks such as poor administrative management, waqf assets that do not develop due to idle funds and loss of waqf assets due to mismanagement. This research aims to explain the role of risk management at waqf manager of cash waqf. This type of research is quantitative research. The results show that risk management is necessary in preventing fraud and enhancing good governance. In case of waqf manager of cash waqf, good governance is not as mediating variable between risk management and fraud prevention.
References
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[3] Acfe Indonesia Chapter (2019) ‘Survei Fraud Indonesia 2019’, Acfe Indonesia [Preprint].
[4] Amirul Faiz Osman, Mustafa Omar Mohammed And Aiman Fadzil (2016) ‘Factor Influencing Cash Waqf Giving Behavior : A Revised Theory Of Planned Behavior’, Journal Of Global Business And Social Entrepreneurship (Gbse), 1(2), Pp. 12–25.
[5] Antonio, M.S. (2007) Pengelolaan Wakaf Secara Produktif. Jakarta. Mumtaz Publishing.
[6] Arshad, R. Et Al. (2015) ‘Catch The “Warning Signals”: The Fight Against Fraud And Abuse In Non-Profit Organisations’, Procedia Economics And Finance, 28(April), Pp. 114–120. Available at: https://Doi.Org/10.1016/S2212-5671(15)01089-8.
[7] Ayem, S. And Kusumasari, K.F. (2020) ‘Pengaruh Sistem Pengendalian Intern Pemerintah (Spip) Terhadap Pencegahan Fraud Dalam Pengelolaan Dana Desa Dengan Akuntabilitas Sebagai Variabel Mediasi’, Jurnal Ilmiah Akuntansi Dan Humanika, 10(2), P. 160. Available At: Https://Doi.Org/10.23887/Jiah.V10i2.25827.
[8] Azrai Azaimi Ambrose, A.H. And Abdullah Asuhaimi, F. (2021) ‘Cash Waqf Risk Management And Perpetuity Restriction Conundrum’, Isra International Journal Of Islamic Finance, 13(2), Pp. 162–176. Available At: Https://Doi.Org/10.1108/Ijif-12-2019-0187.
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[10] Bwi, Bi And Irti-Isdb (2018) ‘Waqf Core Principles For Effective Waqf Operation And Supervision’, International Working Group On Waqf Core Principles, (1), Pp. 1–75.
[11] Christiana, I. And Ardila, I. (2020) ‘Good Corporate Governance Sebagai Variabel Intervening Antara Manajemen Laba Dengan Nilai Perusahaan’, Jurnal Ilmu Manajemen, 10(1), P. 59. Available At: Https://Doi.Org/10.32502/Jimn.V10i1.2677.
[12] Dewi Yuniarti Rozali, R. And Mohammad, J. (2015) ‘Pengaruh Pelaksanaan Risk Based Internal Auditing Terhadap Pencegahan Fraud’, Jurnal Riset Akuntansi Dan Keuangan, 3(3), P. 831. Available at: https://Doi.Org/10.17509/Jrak.V3i3.6623.
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[15] Hasan, Z.A. (2015) ‘Management Of Waqf Assets In Malaysia’, 03(01), Pp. 59–68.
[16] Haura, A., Baga, L.M. And Tanjung, H. (2015) ‘Analisis Pengelolaan Wakaf Uang Pada Koperasi Jasa Keuangan Syariah (Pendekatan Analytical Network Process)’, Al-Muzara’ah, 3(2), Pp. 89–105. Available At: Https://Doi.Org/10.29244/Jam.3.2.89-105.
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[22] Khodijah, S. (2018) Analisis Konsep Coso Dan Filosofi Khalifatullah Fil Ardh Dalam Mencegah Dan Mendeteksi Fraud.
[23] Kurniasari, N.T., Fariyanti, A. And Ristiyanto, N. (2017) ‘Strategi Pencegahan Kecurangan (Fraud) Dalam Pengelolaan Keuangan Badan Litbang Dan Inovasi Kementerian Lingkungan Hidup Dan Kehutanan’, Institut Pertanian Bogor. [Preprint].
[24] Kwatingtyas, L.P.A. (2017) Pengaruh Pengendalian Internal Dan Manajemen Risiko Pada Good Corporate Governance Serta Implikasinya Dalam Pencegahan Fraud Studi Kasus Pada Credit Union Di Daerah Istimewa Yogyakarta.
[25] Larasati, D. And Asrori (2020) ‘The Effect Of Corporate Governance Mechanisms, Capital Structure And Firm Size On Risk Management Disclosure’, Accounting Analysis Journal, 9(1), Pp. 60–66. Available at: https://Doi.Org/10.15294/Aaj.V9i1.20956.
[26] Lauck, J.R. And Brozovsky, J.A. (2018) ‘Fraud In The Nonprofit Sector: Rebuilding A Charitable Image’, Journal Of Accounting, Ethics & Public Policy, 19(2), Pp. 216–256.
[27] Law, P. (2011) ‘Corporate Governance And No Fraud Occurrence In Organizations.’, Managerial Auditing Journal, 26(6), Pp. 501–518.
[28] Manurung, D. And Kusumah, R.W.R. (2016) ‘Telaah Enterprise Risk Management Melalui Corporate Governance Dan Konsentrasi Kepemilikan’, Jurnal Akuntansi Multiparadigma, (204), Pp. 335–348. Available At: Https://Doi.Org/10.18202/Jamal.2016.12.7025.
[29] Mohsin, M.I.A. And Muneeza, A. (2020) The Institution Of Waqf: An Innovative Financial Tool For Socio-Economic Development. Pearson Malaysia Sdn Bhd.
[30] Monks, R.A. And Minow, N. (2001) Corporate Governance, 2nd Ed. Blackwell Publishing, London.
[31] Nizar, M.A. (2017) Pengembangan Wakaf Produktif Di Indonesia : Potensi Dan Permasalahan, Bunga Rampai Penguatan Fundamental Sektor Keuangan Dalam Mendukung Stabilitas Perekonomian.
[32] Ohalehi, P. (2018) ‘Fraud In Small Charities: Evidence From England And Wales’, Journal Of Financial Crime, 26. Available At: Https://Doi.Org/10.1108/Jfc-12-2017-0122.
[33] Ortega-Rodríguez, C., Licerán-Gutiérrez, A. And Moreno-Albarracín, A.L. (2020) ‘Transparency As A Key Element In Accountability In Non-Profit Organizations: A Systematic Literature Review’, Sustainability (Switzerland), 12(14). Available at: https://Doi.Org/10.3390/Su12145834.
[34] Pangaribuan, D. (2019) ‘The Influences Of Institution Governance , Risk Management And Accountability Performance System Implementatation To Fraud Prevention ( Studies At Integrated Government Centralized Of Banten Province )’, Pdfs.Semanticscholar.Org, 8(8), Pp. 22–28. Available at: https://Pdfs.Semanticscholar.Org/8fd6/128694b4cf5ed1ff7d01b0c46ef8ccb27a2b.Pdf.
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[36] Rani, D.L., Nur, E. And Azwir, N. (2021) ‘Factors Affecting Fraud Prevention Using The Performance Accountability System Of Government Agencies As An Intervening Variable (Study On Opd Of The Riau Provincial Government)’, Bilancia: Jurnal Ilmiah Akuntansi, 5(1), Pp. 71–86.
[37] Rozalinda, R. (2014) ‘Manajemen Risiko Investasi Wakaf Uang’, Islamica: Jurnal Studi Keislaman, 6(2), P. 300. Available at: https://Doi.Org/10.15642/Islamica.2012.6.2.300-315.
[38] Shanmugam, J.K. Et Al. (2012) ‘Internal Control , Risk Management And Fraud Prevention Measures On Smes : Reliability And Validity Of Research Instrument’, 3rd International Conference On Business And Economic Research, (March), Pp. 475–494.
[39] Siswantoro, D., Rosdiana, H. And Fathurahman, H. (2018) ‘Reconstructing Accountability Of The Cash Waqf (Endowment) Institution In Indonesia’, Managerial Finance, 44(5), Pp. 624–644. Available At: Https://Doi.Org/10.1108/Mf-05-2017-0188.
[40] Sudarmanto, E. (2020) ‘Manajemen Risiko: Deteksi Dini Upaya Pencegahan Fraud’, Jurnal Ilmu Manajemen, 9(2), P. 107. Available at: https://Doi.Org/10.32502/Jimn.V9i2.2506.
[41] Sugiyono (2014) Metode Penelitian Kuantitatif, Kualitatif Dan R&D. Bandung: Alfabeta.
[42] Tuanakotta, T.M. (2017) Akuntansi Forensik Dan Audit Investigatif. Jakarta,Salamba Empat.
Received : 12 November 2022
Accepted : 08 March 2023
Published : 15 March 2023
DOI: 10.30726/ijmrss/v10.i1.2023.10102