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All Journal Gunung Djati Conference Series
Raiz Al Mumtaz, Arisetyo
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Model Transaformasi Ekonomi Rendah Karbon berbasis Wakaf Hijau dan Wakaf Uang Auliya, Shofura; Hanifah Mardiyah, Qisty; Raiz Al Mumtaz, Arisetyo; Zaki Ibrahim, Hilmi
Gunung Djati Conference Series Vol. 63 (2026): The 11th Conference Series Learning Class: Religious and Social Humaniora
Publisher : UIN Sunan Gunung Djati Bandung

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Abstract

This article aims to formulate an alternative waqf-based financing model to support the transition to a low-carbon economy in Indonesia. This model integrates green waqf and cash waqf as strategic instruments in addressing the challenge of limited conventional funding for environmentally friendly projects. This research employs a qualitative approach using the literature review method, through the analysis of relevant literature related to waqf, sustainable finance, and green economic transition. The results of the study indicate that the synergy between green waqf as a form of physical asset investment is capable of forming a participatory, inclusive, and sharia-compliant financing ecosystem, and cash waqf as a source of flexible financing. The proposed model, namely the Green Asset Initiation Model, encourages the acceleration of the development of green assets such as conservation land, renewable energy, and organic farming. Consequently, this model has the potential to strengthen the role of Islamic social finance in supporting sustainable development, increasing community involvement in environmental preservation, and supporting the achievement of carbon emission reduction targets systemically and sustainably.
Co-Authors Auliya, Shofura Hanifah Mardiyah, Qisty Zaki Ibrahim, Hilmi