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WAQF DEVELOPMENT AND SOCIO-ECONOMIC DEVELOPMENT FOR FISHERMAN
Evi Aninatin Nimatul Choiriyah, Abdul Kafi, Irma Faikhotul Hikmah

Department of Sharia Economic, Faculty of Economic and Business, Universitas Airlangga, Surabaya


Abstract

This paper aims to initiate the concept of funding for fishermen through waqf crowdfunding models as a solution to the limited capital of fishing for fisherman. This is in line with the government program by the Indonesian Government Regulation Number 50 of 2015 on the empowerment of small fisherman and farmers small fish to achieve independence, improve their business, capabilities, capacity, and ensuring access to fishing resources. Supported by the fourth longest coastline in the world, which is 97.000 km2 and the and the area of water that reaches two thirds of Indonesias territory, which is 5.8 km2, indicates that Indonesia has a large potential of fisheries resources. However, this potential has not been able to contribute significantly to the economic growth of Indonesia (KPP, 2013). From the 6.1 million tons of potential fish marine resources, only 9.952 tons have been managed, either through fish catct production and for cultivation.The low catches of fishermen due to the limited funds to buy fishing equipment. It caused by the difficulty to access capital through financial institutions.

Keywords: Crowdfunding, fisherman, waqf

Topic: International Conference of Islamic Economic and Financial Inclusion

Link: https://ifory.id/abstract/fVNjvwhAeCzT

Conference: The 3rd International Conference on Sustainability and Innovation (ICoSI 2019)

Plain Format | Corresponding Author (Amanda Amanda)

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