International Journal of Emerging Issues in Islamic Studies
Vol. 3 No. 1 (2023): July 2023

Waqf-Based Entrepreneurship Direct Financing Model: Potential and Challenges

Rindawati Maulina (Institut Teknologi Bandung, Indonesia)
Wawan Dhewanto (Institut Teknologi Bandung, Indonesia)
Taufik Faturohman (Institut Teknologi Bandung, Indonesia)



Article Info

Publish Date
31 Jul 2023

Abstract

Continuous effort to strengthen the integration of Islamic commercial finance and Islamic social finance becomes salient. The use of waqf (Islamic endowment) assets for various sector and infrastructure development, which is supported by technological advancement, can also help the economy recover, particularly in the current economic downturn caused by the Covid-19 pandemic. Unfortunately, waqf-based entrepreneurs who contribute significantly to the sustainability of waqf benefits continue to face significant difficulties in obtaining capital for the development of waqf assets. Based on a review of the existing literature and findings from case study through in-depth interviews with selected respondents, the study aims to propose a direct financing model for waqf-based entrepreneurs by empowering affluent Muslim potentials through Islamic banks. There are five (5) fundamental criteria considered as strategic for the integration model to successfully empower waqf-based entrepreneurship in Indonesia, namely continuous literacy and education on contemporary waqf, transformation of regulatory and management transparency, improvement of the professionalism and business capacity of the waqf-based entrepreneurs, synergy and collaboration among stakeholders, and integrated and reliable infrastructure.

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Journal Info

Abbrev

ijeiis

Publisher

Subject

Religion Social Sciences

Description

IJEIIS invites authors interested in Islamic Studies and its relation to share their research, scientific article, and study with broader society and global readers. The result of the research is expected to contribute to the development of the Emerging Issues in Islamic Studies both theoretically ...