Management of Zakat, Infaq, Shadaqah, and Waqf (ZISWAF)-Based Education Financing in the Implementation of Education Programs (Case Study at Yayasan Pendidikan Islam Madinah Al Hijrah Cimanuk-Pandeglang)
Abstract
This article discusses the implementation of Zakat, Infaq, Shadaqah, and Waqf-based education financing management (ZISWAF) in the implementation of educational programs at Yayasan Madinah Al-Hijrah. This study uses a descriptive qualitative research approach to explore and analyze the budgeting, accounting, and auditing stages in the management of ZISWAF funds. The implementation of ZISWAF funds is also evaluated whether it is by the Financial Foundation Law and Islamic Sharia principles. The results showed that implementing ZISWAF-based education financing management at Yayasan Madinah Al Hijrah followed systematic stages, ranging from careful budgeting planning, identification of effective fundraising strategies, and transparent accounting and auditing processes. ZISWAF funds are used to support various educational programs, including scholarships, the development of educational facilities, and the improvement of education quality. In addition, the implementation of ZISWAF funds has complied with the Financial Foundation Law and upholds Islamic Sharia principles. This research provides insight into best practices in the management of ZISWAF funds to support education and underscores the importance of transparency, accountability, and integrity in the use of these funds. The implications of this research can help other educational institutions that seek to utilize ZISWAF as a source of financing for their educational programs.
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