Li Falah: Jurnal Studi Ekonomi dan Bisnis Islam
Vol. 7 No. 2 (2022): December 2022

Fintech Waqf for MSMEs Empowerment in Indonesia

Muannasa, Aulia (Unknown)



Article Info

Publish Date
30 Dec 2022

Abstract

This research suggests that the cash waqf model with a crowd-funding platform in a business project can empower MSMEs to advance the Indonesian economy. This study uses a qualitative approach which is descriptive research. This research describes Sharia Financial Technology (SFT) as a means of integrating solutions to empower MSME companies developed by youth on a waqf basis. The data collection utilizes a literature study from relevant literature such as books, journals or scientific articles related to the chosen topic. The study results show that cash waqf schemes and crowd-funding schemes have helped Islamic banks with speed and accuracy in processing business operation data and product marketing. This finding means that for MSMEs, the existence of Fintech helps to get convenience and efficiency in finance and capital. The implication is that waqf fintech helps develop the community's economic welfare through empowerment, especially for MSMEs. Furthermore, the existence of cash waqf with crowd-funding innovation is very easy for prospective waqifs to make cash waqf.

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Journal Info

Abbrev

lifalah

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Social Sciences

Description

Li Falah, Journal of Islamic Economics and Business Studies is a scientific journal concerning on the latest research results and becomes a scientific communication media for lecturers, researchers, and or observers in the Islamic economics and business ...