Darmabakti Cendekia: Journal of Community Service and Engagements
Vol. 2 No. 1 (2020): JUNE 2020

APPLICATION OF BLOCKCHAIN BASED WAQF CROWDFUNDING IN FISHERMEN GROUP: CASE STUDY OF NAMBANGAN AND CUMPAT, SURABAYA

Raditya Sukmana (Department of Sharia Economics, Faculty of Economics and Business, Universitas Airlangga, Surabaya-Indonesia)
Rahmat Heru Setianto (Department of Management, Faculty of Economics and Business, Universitas Airlangga, Surabaya-Indonesia)
Gancar Candra Premananto (Department of Management, Faculty of Economics and Business, Universitas Airlangga, Surabaya-Indonesia)
Shochrul Rohmatul Ajija (Department of Economics, Faculty of Economics and Business, Universitas Airlangga, Surabaya-Indonesia)



Article Info

Publish Date
28 Jun 2020

Abstract

Background: The image of fishermen so far is a group of people classified as poor. One effort to reduce poverty is to revive the microenterprise economy through cooperatives and utilize waqf funds as an alternative source of financing for microbusinesses. The Mining and Cumpat Fishermen Group of Kenjeran District in Surabaya City has now received capital injections from productive endowments in their cooperatives. However, another problem arises from productive waqf there, the waqf that is collected is not as much as what is needed by the person. Purpose: This service program is expected to produce an outcome that is a blockchain based application that can facilitate endowments and willingness. Thus it is expected to help increase the capital of the Fishermen and Cumpat Fishermen Group, Kenjeran District, Surabaya City. Method: This service program used a participatory method whereby the companion was also involved in the application business process. In addition, the companion also asked for active participation from the mauquf alaih to provide detailed information about his business. Thus, the facilitators could promote to the prospective waqf to channel the endowment funds. Results: This assistance program produced a waqf application with blockchain technology that can be accessed on waqf.network. Conclusion: This program was considered effective in growing trust in the distribution of waqf funds. In addition, maukuf alaih also makes it easier to get investors in developing their businesses.

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Journal Info

Abbrev

DC

Publisher

Subject

Computer Science & IT Economics, Econometrics & Finance Engineering Public Health Social Sciences

Description

Darmabakti Cendekia: Journal of Community Service and Engagements (DC) is a scientific journal in community service and engagements published by Faculty of Vocational Studies Universitas Airlangga. Darmabakti Cendekia has focused on activity report of community service and engagements in Health ...