Cash Waqf Linked Sukuk: Potential and Challenges
Abstract
Waqf as an instrument of Islamic economics in the modern era as it is today. Indonesia with the most Muslims in the world has a very large potential for waqf, with a nominal potential of approximately Rp. 2,000 Trillion and it would be a shame if that great potential could not be optimized as well as possible. Then CWLS is expected as an alternative instrument for optimizing the potential of waqf and examining the obstacles that will be faced . The purpose of this research is Cash Waqf Linked Sukuk as an instrument for optimizing the potential of waqf in Indonesia. CWLS is a productive cash waqf which is expected to improve the national economy. The research method used is library research where by reviewing all articles, books, and writings of experts to strengthen CWLS, you can maximize the potential of waqf in Indonesia. The results obtained are that CWLS is able to be an alternative for optimizing the potential of waqf, then the obstacles faced are the level of literacy as community insight in doing waqf and the level of religiosity of the community in doing waqf.
Downloads
References
Accounting and Auditing Organization for Islamic Financial Institution (AAOIFI), 2002.
General, Khaerul. (2013). Sharia Capital Market and Sharia Capital Market Practices. Bandung: Faithful Library.
Hiyanti, Hida et al. (2020). The Influence of Literacy and Religiosity on the Intention of Waqf in Cash Waqf Linked Sukuk (CWLS). JIMEA | MEA Scientific Journal Management, Economics, and Accounting 4(3), 2020. 493-507.
Lammam, C. & Gabler, N. (2012). Determinants of charitable giving: A review of the literature. Fraser Forum March/April. 12-15.
Mauluddin, Muhammad Ikhwan and Asmak, Ab. Rahman. (2019). Cash Waqf From the Perspective of the Indonesian Ulema Council (MUI) and the Scholars of Aceh: An Analysis. New Developments in Islamic Economics, 49–66.
Paul, Vienna and Rachmad Faudji. (2020). Cash Waqf Linked Sukuk in Optimizing the Management of Movable Waqf (Money). JIMEA Scientific Journal of MEA (Management, Economics, and Accounting), 4(2), 2020. 1-18.
Rusydiana, Aam Slamet. (2018). Application of Interpretive Structural Modeling for Cash Waqf Development Strategy in Indonesia. Journal of Islamic Economics and Business, 4(1), January-June 2018. 1-17 Fatwa of the National Sharia Council of the Indonesian Ulema Council No: 32/DSN-MUI/IX/2002.
Suganda, Asep Dadan. (2014). The concept of cash waqf. Journal of Islamic Economics. 1-15.
Copyright (c) 2021 Fusthathul Nur Sasongko, Tika Widi Astuti, Muhammad Syaukin Muttaqin
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
