PEMETAAN KINERJA KEUANGAN MELALUI VALUE FOR MONEY STUDI KASUS WAKAF UANG PADA GLOBAL WAKAF

by Iri Mudyadji

This study was conducted to determine the performance of money waqf in Islamic financial institutions that is Global Waqf, which entered in the realm of public service institutions. The financial performance of money waqf institutions is done through a value for money approach, using 3E measurement criteria (economical, efficient, and effective) over the period 2013-2015. The results showed that during the last 3 years, the economic ratio of Global Wakaf experienced an average increase of 152.9%. An average increase of this magnitude makes the economic value of value for money met. The level of efficiency during the last 3 years has increased an average of 545.9%, so that for value efficiency efficiency ratios are not met. The average effectiveness ratio of 99.9% over the last 3 years already meets the standards. This shows that Global Waqf has been effective in providing services to the community, but nevertheless, efficiency must be improved so that the goal of Global Waqf in improving its financial performance is achieved better.

 

Keywords: economical, efficiency, effectiveness