IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita
Vol 14 No 2 (2025): IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita - December

The Blue Waqf Model Integrating Blue Economy and Productive Waqf for Coastal Empowerment

Faidzin Firdhaus (Unknown)
Ikhtiagung, Ganjar Ndaru (Unknown)
Priyanto, Sasongko Adi (Unknown)
Setyono, Fredi (Unknown)
Pratama, Haikal Firmansah Anas (Unknown)



Article Info

Publish Date
01 Jan 2026

Abstract

This study aims to formulate and validate the Blue Waqf Model as an innovative framework integrating Islamic social finance with the blue economy to achieve sustainable coastal community empowerment. Employing a qualitative descriptive approach, thirty‑two participants were involved, including waqf administrators, Islamic financial officers, fishermen cooperatives, and local government officials in Central Java. Data were collected through semi‑structured interviews, focus group discussions, and document analysis, and analyzed using thematic content methods to identify key emerging patterns. The results demonstrate that Blue Waqf effectively bridges Islamic philanthropy and marine‑based economic resilience. Three pillars underpin its success: financial innovation through Cash Waqf Linked Blue Sukuk, blockchain‑based digital transparency, and cross‑sectoral collaboration among public, private, and religious institutions. Implementation of the model improved fishermen household income by 24 percent and environmental participation by 37 percent. The study contributes theoretically to the discourse on Islamic sustainable finance and provides an applied framework for faith‑based blue‑economy policy. Its practical implications highlight the importance of collaborative governance and Sharia‑compliant financing mechanisms to support long‑term coastal resilience and sustainability.

Copyrights © 2025






Journal Info

Abbrev

iqtishaduna

Publisher

Subject

Economics, Econometrics & Finance

Description

IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita was published in print and online by LPPM ISNJ Bengkalis. IQTISHADUNA is expected to be able to add economic insights, especially Islamic economics for academics, practitioners, researchers, policymakers (regulators), and other parties who are interested in ...