Indonesia's energy vulnerability as a net importer of fuel oil risks weakening its national economic resilience. Transitioning towards energy independence through the green downstreaming of agricultural commodities into bioethanol is highly strategic but hampered by massive capital expenditure that burdens the State Budget (APBN). This research aims to formulate an innovative Green Waqf financing model as an independent alternative funding solution for bioethanol infrastructure development. The research utilizes a descriptive qualitative approach through library research and content analysis, designing an integration model using Hexahelix collaboration. The analysis outlines the financing framework, stakeholder roles, and feasibility evaluations based on SWOT, SMART, and Social Return on Investment (SROI). The results show that a Green Waqf portfolio, consisting of perpetual and temporary waqf, is capable of financing green downstreaming projects without burdening the national budget. The SROI evaluation demonstrates high feasibility, projecting a ratio of 1.64 in the first five years. This waqf-based bioethanol downstreaming model offers a novel approach to reducing gasoline import dependency, creating jobs, and strengthening national economic resilience sustainably.
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