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All Journal Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
Hawariyuni, Weni Hawariyuni
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Economics, Econometrics & Finance

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Cash Waqf Linked Sukuk: Innovative Financing for Educational Infrastructure Mihajat, Muhammad Iman Sastra; Hawariyuni, Weni Hawariyuni
Amwaluna: Jurnal Ekonomi dan Keuangan Syariah Vol. 9 No. 2 (2025): Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
Publisher : UPT Publikasi Ilmiah UNISBA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29313/amwaluna.v9i2.5510

Abstract

The aim of this paper is to examine the role of Cash Waqf Linked Sukuk (CWLS) as an innovative financing for building educational infrastructure in Indonesia. The fact that educational infrastructure and facilities are still scarce in educational buildings is the driving force for this research. The research based on a qualitative methodology using the data from scientific journals and paper in the field of Cash Waqf, including CWLS. CWLS shall consists of 3 instruments, namely waqf sukuk, government retail waqf sukuk and Waqf project. Currently the coupons from waqf sukuk have been channeled to finance the construction of the retina center and glaucoma center at the hospital. The country needs to explore the use of cash waqf from CWLS for other programs such as building educational infrastructure by involving Islamic bank to finance the program, that might benefit citizens more in the future. This study demonstrates that it is feasible to use the financing raised by the CWLS to construct infrastructure and educational facilities that will improve student and teacher/lecturer performance.
Co-Authors Mihajat, Muhammad Iman Sastra