The Role of Waqf and Crowdfunding for Sustainable Halal Livestock Production in Strengthening Malaysia National Food Security

Rahmawati Mohd Yusoff, Sharifah Zubaidah Syed Abdul Kader, Azhani Arshad, Wan Amir Azlan Wan Haniff, Mohammad Hidir Baharudin and Parihah Ab Kadir
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Rahmawati Mohd Yusoff: Department of Law, Universiti Teknologi MARA (UiTM), Cawangan Johor, Kampus Segamat, 85000 Segamat, Johor, Malaysia
Sharifah Zubaidah Syed Abdul Kader: Ahmad Ibrahim Kulliyyah of Laws, International Islamic University Malaysia, Jln Gombak, 53100 Kuala Lumpur, Selangor, Malaysia
Azhani Arshad: Faculty of Law, Universiti Teknologi MARA (UiTM), Shah Alam 40450 Shah Alam, Selangor, Malaysia
Wan Amir Azlan Wan Haniff: Department of Law, Universiti Teknologi MARA (UiTM), Cawangan Johor, Kampus Segamat, 85000 Segamat, Johor, Malaysia
Mohammad Hidir Baharudin: Sultan Ibrahim Johor Islamic University College, 80350 Johor Bahru, Johor, Malaysia
Parihah Ab Kadir: Faculty of Law, Universiti Teknologi MARA (UiTM), Shah Alam 40450 Shah Alam, Selangor, Malaysia

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 12, 2585-2592

Abstract: Sustainable food security remains a critical issue for many countries, including Malaysia. As the nation seeks to ensure a stable and halal food supply, waqf and crowdfunding have emerged as potential solutions to support the development of non-ruminant livestock production. This article explores the integration of waqf, an Islamic endowment, and crowdfunding as complementary tools for sustainability of halal livestock production. The study employs a qualitative and descriptive cross-sectional analysis, utilizing existing legal frameworks and data obtained from relevant administrative bodies. For comparative analysis, the study compare the waqf crowdfunding in Indonesia. By analyzing the effectiveness of these mechanisms, the article highlights their potential in bolstering national food security while adhering to Islamic principles. The study also discusses the challenges and opportunities associated with implementing these mechanisms and offers strategic recommendations for enhancing their impact. This article finds that waqf crowdfunding can significantly contribute to national food security by providing long-term, Shariah-compliant funding and promoting community involvement provided that the challenges to implement such model must be addressed.

Date: 2024
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