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All Journal Mazahib: Jurnal Pemikiran Hukum Islam Wealth: Journal of Islamic Banking and Finance
Firdaus, Doddy Afandi
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Religion Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice

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Comparative Analysis of Waqf Link Governance of Sukuk (CWLS) Money to Finance Infrastructure in the Perspective Studies of Law Number 41 of 2004 and Sharia Economic Law Study Firdaus, Doddy Afandi; Masngudi, Masngudi
Wealth: Journal of Islamic Banking and Finance Vol. 2 No. 2 (2023)
Publisher : Faculty of Islamic Economics and Business, UIN Prof. K. H. Saifuddin Zuhri Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24090/wealth.v2i2.9676

Abstract

Sukuk-waqf is an innovation for economic sustainability, overcoming the humanitarian funding gap, for charitable fundraising or humanitarian purposes, and a modern scheme for developing waqf assets. CWLS is a cash waqf program resulting from collaboration and innovation in Islamic finance and social investment in Indonesia. The existence of CWLS contributes to the development of the Islamic economy in Indonesia. This shows that the capacity of the sharia economy is broad and makes a contribution to national development. The approach in this study uses a Socio-Legal and Hermeneutic approach. In Law 41 of 2004 concerning Waqf related to Financing it is explained in Article 59, namely in carrying out BWI duties, the Government is obliged to assist with operational costs. CWLS is allowed because it is in Law Number 41 of 2004 and clarified by Law number 42 of 2006. In the governance of the implementation of CWLS in Indonesia it has been carried out in accordance with an Islamic economic perspective, it has been proven that the DSN-MUI Fatwa regarding Wakaf Sukuk has been established.
Development of Waqf-Based Halal Tourism in Indonesia: A Case Study of Teras Lembang, West Java Ahyani, Hisam; Firdaus, Doddy Afandi; Buchori, Muhamad; Mudzakkir, Muhammad; Muadib, Ihwanul; Bhatti, Muhammad Safdar
Mazahib Vol 24 No 2 (2025): VOLUME 24, ISSUE 2, 2025
Publisher : Fakultas Syariah UINSI Samarinda

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21093/mj.v24i2.11221

Abstract

This study explores the development of waqf-based halal tourism as an innovative and sustainable model within Islamic economic law, using Teras Lembang in West Java as a case study. The primary issue identified is the limited exploration of how Islamic legal principles guide the productive use of waqf in halal tourism. Using a qualitative case study approach with normative juridical analysis, the study applies Ibn Qayyim al-Jawziyyah’s theory of legal change as a middle theory, supported by the concept of maslahah mursalah from al-Ghazālī and al-Shāṭibī, and Yusuf al-Qaradawi’s theory of halal. Data were collected through interviews, field observations, and literature review. Results show that the management of waqf-based halal tourism reflects sharia principles such as justice, transparency, and trustworthiness, while also contributing to local socio-economic empowerment through MSME growth, job creation, and increased community involvement. However, challenges such as regulatory fragmentation and low public literacy on waqf remain. This article concludes that aligning Islamic legal norms with tourism policies can enhance the legitimacy and sustainability of halal tourism. Policy recommendations include strengthening sharia supervisory institutions and integrating halal certification systems into tourism governance.
Co-Authors Bhatti, Muhammad Safdar Buchori, Muhamad Hisam Ahyani Masngudi, Masngudi Muadib, Ihwanul Mudzakkir, Muhammad