Proceedings of the 1st UMSurabaya Multidisciplinary International Conference 2021 (MICon 2021)

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Cash Waqf for the Corporatization on Muhammadiyah Company’s in East Java

Authors
Budi Wahyu Mahardhika1, *, Mochamad Mochklas1, Rina Maretasari1, Halimatus Sa’diyah1
1Faculty of Economic and Business, Universitas Muhammadiyah Surabaya, Surabaya, Indonesia
*Corresponding author. Email: budi.wahyu.m@fe.um-surabaya.ac.id
Corresponding Author
Budi Wahyu Mahardhika
Available Online 13 May 2023.
DOI
10.2991/978-2-38476-022-0_13How to use a DOI?
Keywords
Corporatization; Cash Waqf; Contribution; Muhammadiyah
Abstract

PT. Daya Matahari Utama (DMU) was founded by PW Muhammadiyah East Java in 2007 where the company is very important for the progress of Muhammadiyah organizations in the economic field. The initial capital collection uses a capital joint venture between members through cash waqf. This research will be focused on discussing the development and process of corporatization with cash waqf at PT. Daya Matahari Utama started from its establishment in 2007 until 2021, as well as the contribution made by the company to the Muhammadiyah organization. The research used is descriptive qualitative research with a case study approach method. Interviews were conducted with Muhammadiyah leaders, company leaders and employees of PT. DMU with informants can be said to be 8 people. This company makes a lot of contributions to the Muhammadiyah organization in the form of actions and materials. Contributions are in the form of activities engaged in da’wah, economy, education and social affairs. Contribution in the form of material in the process of preaching Muhammadiyah which is the result of PT.DMU was handed over to the Muhammadiyah East Java Regional Leadership. Corporatization with cash waqf can be carried out because of good business planning, professional management, employee work culture, community development strategies, cash waqf contributions from members, and company contributions to the Muhammadiyah Association.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 1st UMSurabaya Multidisciplinary International Conference 2021 (MICon 2021)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
13 May 2023
ISBN
978-2-38476-022-0
ISSN
2352-5398
DOI
10.2991/978-2-38476-022-0_13How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Budi Wahyu Mahardhika
AU  - Mochamad Mochklas
AU  - Rina Maretasari
AU  - Halimatus Sa’diyah
PY  - 2023
DA  - 2023/05/13
TI  - Cash Waqf for the Corporatization on Muhammadiyah Company’s in East Java
BT  - Proceedings of the 1st UMSurabaya Multidisciplinary International Conference 2021 (MICon 2021)
PB  - Atlantis Press
SP  - 106
EP  - 114
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-022-0_13
DO  - 10.2991/978-2-38476-022-0_13
ID  - Mahardhika2023
ER  -