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Determinants of Cash Waqf Linked Sukuk Investment Preference: The Role of Religiosity, Income, and Reputation in East Java Millennials Ananta Putri Sandrina; Ramdani Ramdani
International Conference on Islamic Economic (ICIE) Vol. 5 No. 2 (2026): Article In Press
Publisher : Sekolah Tinggi Agama Islam Darul Ulum Banyuanyar Pamekasan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58223/icie.v5i2.490

Abstract

Waqf assets are predominantly developed into physical buildings, while a considerable proportion remains underutilized as idle land, limiting their socio-economic potential. Although Cash Waqf Linked Sukuk (CWLS) has emerged in Indonesia as an innovative Islamic financial instrument supporting education, healthcare, and sustainable social infrastructure, public participation, particularly among millennials, remains relatively low. Therefore, this study aims to examine the influence of religiosity, income level, and institutional reputation on millennials’ investment interest in CWLS in East Java. This study employed a quantitative approach using survey data collected from 140 millennial respondents. Multiple linear regression analysis was applied to test the relationships among variables. The findings reveal that religiosity and income level do not significantly affect investment interest, whereas institutional reputation exerts a positive and significant influence. The coefficient of determination (R² = 0.663) indicates that 66.3% of investment interest is explained by the proposed variables. This study contributes by highlighting the strategic importance of institutional credibility, Islamic financial literacy, and Sharia compliance in strengthening public trust and promoting CWLS participation
PENINGKATAN LITERASI KEUANGAN SYARIAH MELALUI PELATIHAN PENGELOLAAN DAN KEUANGAN MASJID DI KARANGPILANG SURABAYA Nurwinsyah Rohmaningtyas; Ach Yasin; Ramdani Ramdani; Moch Khoirul Anwar; Chiquita Kumala Putri Subagjo
Jurnal Pengabdian Masyarakat : BAKTI KITA Vol. 6 No. 1 (2025): Nopember - April
Publisher : LPPM Universitas Islam Darul 'Ulum Lamongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52166/baktikita.v6i1.8800

Abstract

Currently, the Indonesian Mosque Council has management at the provincial and city district levels. One of the managements at the Regency/City Level is the Indonesian Mosque Council (DMI) of Surabaya City. DMI Surabaya City has 26 branches and oversees 1,759 mosques, according to data from the Central Statistics Agency (BPS) regarding the number of mosques in Surabaya in 2023. However, the obstacle for mosque administrators currently is that they still do not know how to manage mosque funds well. Hopely, the mosque takmir can make plans for the mosque's financial potential which can be managed effectively and efficiently with the aim of providing benefits to the people. The purpose of this service is to introduce the community, especially the mosque takmir in Surabaya about sharia finance and how to manage and administer the mosque accordance with sharia. The method used is Community-Based Research (CBR), starting from problem identification, discussions with partners then offering solutions, socializing them followed by evaluation and ends with the report.