Nor Nabilla Muhammad
UIN Sunan Kalijaga Yogyakarta

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

To What Extent Does Waqf Advance Sustainable Economic Growth? Evidence From Indonesia Nor Nabilla Muhammad; Anniza Citra Prajasari; Izra Berakon
Dinar : Jurnal Ekonomi dan Keuangan Islam Vol 13, No 2: Agustus 2026
Publisher : Universitas Trunojoyo Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21107/dinar.v13i2.35200

Abstract

This study aims to examine the potential factors of Waqf Productiveness in advancing the Islamic economy and supporting the achievement of the SDGs through sustainable and impactful economic development in Indonesia. Researchers highlight three gaps including theoretical, empirical, and methodological gaps, which further encourage researchers to formulate novelties on the role of economic empowerment of the ummah in driving sustainable economic growth. The urgency of conducting a quantitative analysis to identify the key factors of sustainable economic growth through Waqf is emphasized, considering that most previous studies on Waqf issues have been dominated by perception-based analysis. Moreover, this study employs the Panel Data Analysis from 33 provinces in Indonesia for the 2020–2023 period. Robustness test was employed to support strong results. The results show that the National Waqf Index (NWI) and MSMEs can enhance sustainable economic growth both in HDI and EG. Additionally, digital literacy and financial inclusion variables were found to be predictors of sustainable economic growth, rather than moderators. Further, this research contributes to increasing the potential of Waqf within the broader Islamic economic in supporting policy strategy sustainable, long-term economic resilience, and social welfare particularly in Indonesia.