Strategy Model for Increasing the Potential of waqf through the Crowdfunding- waqf System
Khalwat Asyaria (a*), Faiz Alan Fahmi (b),
a) Master of Science in Islamic, Universitas Airlangga, jalan Airlangga No 4-6, Gubeng, Surabaya 60015, Indonesia
b) Master of Science in Islamic, Universitas Airlangga, jalan Airlangga No 4-6, Gubeng, Surabaya 60015, Indonesia
Abstract
The potential of waqf has become one of the biggest potentials that can produce something that is beneficial for economic growth in Indonesia if it can be utilized maximally. Endowments hold property under the auspices of their owners to divert benefits from giving alms. Waqf here can be divided into endowments of immovable objects such as land and endowments of movable objects such as money or precious metals Waqf as a form of Islamic philanthropy has productive potential that has not been managed much. the development of technology is now starting to generate a lot of new innovations in the world of finance, namely financial technology (then fintech). So from that this fintech concept can be used as a concept principle in the management of waqf especially money to facilitate Nadzir in managing waqf assets. Thaker and Pitchay (2018) according to their research, crowdfunding models are used to increase waqf development funds in Malaysia. in their research a sustainability model that can overcome the liquidity problems required by waqf institutions in developing waqf waqf. Using modete qualitative research with literature studies. With a crowdfinding-waqf system, it provides convenience to collect waqf from the wider community with several regions in Indonesia that show the potential and positive impact on national development.
Keywords: waqf, crowdfunding-wakaf system
Topic: International Symposium on Social Sciences, Humanities, Education, and Religious Studies