Waqf Financing Model Through Crowdfunding Platform: An Indonesian Perspective

DOI

10.2991/assehr.k.200529.138How to use a DOI?

Keywords

waqf, financing, crowdfunding platform

Abstract

Financial issues in the development of waqf projects are currently the main factors faced by waqf institutions in Indonesia. On the other hand, crowdfunding platform offers a solution to the cost problem using the concept of raising funds through social media and internet users. This article aims to describe the model of waqf financing through the crowdfunding platform wakafhasanah.bnisyariah.co.id and its role for the development of waqf in Indonesia. The method used in this study is a literature study with a descriptive qualitative approach. This study finds that until the end of 2019, there have been 24 waqif and 53 waqf projects (education, development, human resources, money waqf, environment or fort hasanah) which have been funded by wakafhasanah crowdfunding platform with a total fund of 3,627,088,985 rupiahs. This study is expected to provide an alternative solution for waqf institutions and the government in presenting additional funding sources for waqf development in Indonesia.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Adelia Desrin Nasution
AU  - Fahmi Medias
PY  - 2020
DA  - 2020/05/04
TI  - Waqf Financing Model Through Crowdfunding Platform: An Indonesian Perspective
BT  - Proceedings of the 1st Borobudur International Symposium on Humanities, Economics and Social Sciences (BIS-HESS 2019)
PB  - Atlantis Press
SP  - 661
EP  - 665
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200529.138
DO  - 10.2991/assehr.k.200529.138
ID  - Nasution2020
ER  -