The Role of Cash Waqf In Community Empowerment Through Cash Waqf Linked Sukuk Instruments

Syaugi Mubarak (), Yusuf Asyahri, Faqih El Wafa and Hanief Monady
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Syaugi Mubarak: UIN Antasari Banjarmasin, Faculty of Islamic Economics and Business
Yusuf Asyahri: UIN Antasari Banjarmasin, Faculty of Islamic Economics and Business
Faqih El Wafa: UIN Antasari Banjarmasin, Faculty of Islamic Economics and Business
Hanief Monady: IAIN Palangkaraya

A chapter in Proceedings of the 2023 Brawijaya International Conference (BIC 2023), 2024, pp 670-682 from Springer

Abstract: Abstract This study aims to describe the management and utilization by nazir partners and analyze the impact of cash waqf in community empowerment through cash waqf-linked sukuk using elasticity analysis. This research argues that cash waqf through CWLS can increase community empowerment. Then, this research uses a combination (mixed methods) of explanatory and sequential models. The approach is through content analysis of annual reports for 2020 - 2022. The data collection method uses interviews (in-depth interviews) with informants from the Financial Services Authority, Bank Indonesia, the Indonesian Waqf Bank (BWI), and the Ministry of Finance of the Republic of Indonesia. Then, the interviews were analyzed using the Miles and Huberman Model and elasticity analysis. The results of this study found that the management of Cash Waqf Linked Sukuk has four primary sequences, namely fund collection, fund placement distribution, and utilization of returns and returns of waqf funds, while from its utilization in the form of Rehabilitation of Poor Families, Education and Culture, Victims of Natural Disasters, Facilities & Social Services, and Health & Cleanliness. Meanwhile, the results of the impact of cash waqf in community empowerment through CWLS have elasticity criteria, namely inelasticity, so the effect of cash waqf in community empowerment through CWLS has not been proportional to welfare equality.

Keywords: Cash Waqf Linked Sukuk; Social programs; Community empowerment (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-525-6_74

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DOI: 10.2991/978-94-6463-525-6_74

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