Crowdfunding platform as waqf land financing model: A Case of Muhammadiyah Waqf Institution
Fahmi Medias, Zulfikar Bagus Pambuko, Emilya Ully Artha
Universitas Muhammadiyah Magelang
Abstract
Muhammadiyah waqf institutions in Indonesia face various problems in developing their waqf land. One of the challenges most often encountered is the financial sources in developing waqf land from waqif. This paper aims to propose an alternative financing model in the form of your Waqf crowdfunding platform for Muhammadiyah waqf institutions in tackling these financial problems. Based on this, this research proposes a crowdfunding platform model that will be used by Muhammadiyah waqf institutions, especially in Central Java, in financing waqf projects. This study analyzes the inefficiency of Muhammadiyah waqf management in Central Java due to the problem of financing waqf projects. The authors have developed a waqf crowdfunding platform model as a source of funds for Muhammadiyah waqf institutions in Central Java. This crowdfunding model is expected to be a solution for the empowerment of Muhammadiyah non-productive waqf land. Muhammadiyah waqf institutions in Central Java will find alternative solutions for the development of waqf for the people. The findings of this study will provide input for Muhammadiyah Waqf Institutions in the form of crowdfunding platforms. Through this model, Muhammadiyah endowments become more useful in solving economic and social problems for the Ummah, especially in Central Java.
Keywords: Muhammadiyah Waqf Land, Crowdfunding Waqf Platform, Muhammadiyah Waqf Institusion
Topic: Religious Studies