Shirkah: Journal of Economics and Business
Vol 6, No 2 (2021)

The Contribution of Waqf on Poverty Alleviation through Digital Platforms: A Case of Indonesia

Ahmad Fanani (Sultan Omar ‘Ali Saifuddien Centre for Islamic Studies, Universiti Brunei Darussalam)
Ardhika Wahyu Kuncoro (Department of Fiqh and Usul Al-Fiqh, Kulliyah of Islam Revealed Knowledge and Human Science, International Islamic University Malaysia)
Ahmad bin Muhammad Husni (Department of Fiqh and Usul Al-Fiqh, Kulliyah of Islam Revealed Knowledge and Human Science, International Islamic University Malaysia)
Elina Adi Wijayanti (Faculty Sharia and Law, Master of Islamic Economy Law, Syarif Hidayatullah State Islamic University Jakarta)



Article Info

Publish Date
01 Sep 2021

Abstract

Today, poverty is a crucial issue and has a great impact in social and economic development. Waqf (charitable endowment) is one of the sources of Islamic economic system, which refers to the voluntary charity. Waqf has a unique presence in Islam and could potentially alleviate poverty. It was reflected in the historical lesson since prophet Muhammad (PBUH) and his companions developed a system where rich people could donate their wealth for the society development. This concept, nowadays, is adopted by developing a Waqf system that integrates digital technology. Concerning on this issue, the present study aims to snapshot a poverty situation and portray the grand design of digital Waqf system in alleviating the poverty in Indonesia. Under the procedure of qualitative approach, this study employs document analysis and observation of all instruments related to Waqf. The results show that Waqf plays an important role in decreasing poverty in Indonesia. By utilizing digital platforms, the collection of Waqf funds is effective and widely spread to the Muslim community within the country. The results suggest that digital Waqf system has a crucial role and potentially contributes to the sustainable economic development of a developing country, particularly Indonesia. This study can be used in financial inclusion through the application of digital Waqf to alleviate poverty.

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Journal Info

Abbrev

home

Publisher

Subject

Economics, Econometrics & Finance

Description

Syirkah: Jurnal Ekonomi dan Bisnis adalah jurnal peer-review yang diterbitkan tiga kali setahun (April, Agustus, dan Desember) oleh Fakultas Ekonomi Islam dan Bisnis Institut Agama Islam Negeri (IAIN) Surakarta Jawa Tengah Indonesia bekerja sama dengan Perhimpunan Indonesia Ekonom Islam (lihat ...