Proceedings of the 2023 Brawijaya International Conference (BIC 2023)

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The Role of Cash Waqf In Community Empowerment Through Cash Waqf Linked Sukuk Instruments

Authors
Syaugi Mubarak1, *, Yusuf Asyahri1, Faqih El Wafa1, Hanief Monady2
1Faculty of Islamic Economics and Business, UIN Antasari Banjarmasin, Banjarmasin, Indonesia
2IAIN Palangkaraya, Palangkaraya, Indonesia
*Corresponding author. Email: syaugi@uin-antasari.ac.id
Corresponding Author
Syaugi Mubarak
Available Online 29 October 2024.
DOI
10.2991/978-94-6463-525-6_74How to use a DOI?
Keywords
Cash Waqf Linked Sukuk; Social programs; Community empowerment
Abstract

This study aims to describe the management and utilization by nazir partners and analyze the impact of cash waqf in community empowerment through cash waqf-linked sukuk using elasticity analysis. This research argues that cash waqf through CWLS can increase community empowerment. Then, this research uses a combination (mixed methods) of explanatory and sequential models. The approach is through content analysis of annual reports for 2020 - 2022. The data collection method uses interviews (in-depth interviews) with informants from the Financial Services Authority, Bank Indonesia, the Indonesian Waqf Bank (BWI), and the Ministry of Finance of the Republic of Indonesia. Then, the interviews were analyzed using the Miles and Huberman Model and elasticity analysis. The results of this study found that the management of Cash Waqf Linked Sukuk has four primary sequences, namely fund collection, fund placement distribution, and utilization of returns and returns of waqf funds, while from its utilization in the form of Rehabilitation of Poor Families, Education and Culture, Victims of Natural Disasters, Facilities & Social Services, and Health & Cleanliness. Meanwhile, the results of the impact of cash waqf in community empowerment through CWLS have elasticity criteria, namely inelasticity, so the effect of cash waqf in community empowerment through CWLS has not been proportional to welfare equality.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 Brawijaya International Conference (BIC 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
29 October 2024
ISBN
978-94-6463-525-6
ISSN
2352-5428
DOI
10.2991/978-94-6463-525-6_74How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Syaugi Mubarak
AU  - Yusuf Asyahri
AU  - Faqih El Wafa
AU  - Hanief Monady
PY  - 2024
DA  - 2024/10/29
TI  - The Role of Cash Waqf In Community Empowerment Through Cash Waqf Linked Sukuk Instruments
BT  - Proceedings of the 2023 Brawijaya International Conference (BIC 2023)
PB  - Atlantis Press
SP  - 670
EP  - 682
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-525-6_74
DO  - 10.2991/978-94-6463-525-6_74
ID  - Mubarak2024
ER  -