Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
Vol. 9 No. 2 (2025): Amwaluna: Jurnal Ekonomi dan Keuangan Syariah

Cash Waqf Linked Sukuk: Innovative Financing for Educational Infrastructure

Mihajat, Muhammad Iman Sastra (Unknown)
Hawariyuni, Weni Hawariyuni (Unknown)



Article Info

Publish Date
31 Jul 2025

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.

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Journal Info

Abbrev

amwaluna

Publisher

Subject

Economics, Econometrics & Finance

Description

Amwaluna : Jurnal Ekonomi dan Keuangan Syariah is an academic journal published twice annually (January-July) by Syariah Faculty of Universitas Islam Bandung in cooperation with Asosiasi Pengajar dan Peneliti Hukum Ekonomi Islam Indonesia (APPHEISI). This journal publishes original researches in ...