Risk Management Assessment In Cash Waqf Management Practices: A Case Study at Daarut Tauhiid Peduli Jakarta

Abstrak

The management of cash waqf holds significant potential but is vulnerable to various risks that may hinder the realization of its benefits. This study aims to identify risks, classify their severity levels, and formulate risk mitigation efforts in the management of cash waqf at Daarut Tauhiid Peduli Jakarta. A qualitative research method with the Enterprise Risk Management (ERM) COSO approach was employed to analyze both primary and secondary data. The findings identified 48 risks categorized into eight main groups. Risk assessment results revealed 6 negligible, 25 acceptable, 14 undesirable, and 3 unacceptable risks. Mitigation efforts focused on undesirable and unacceptable risks through avoidance and elimination strategies. The study concludes that risk management implementation at DT Peduli has been progressing well, although further strengthening is needed, particularly in human resource development and public awareness. A comprehensive application of ERM is recommended to enhance the professionalism of waqf management.