Proceedings of the 2nd Ibn Khaldun International Conference on Applied and Social Sciences (IICASS 2024)

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Regional Sukuk Waqf: Alternative Financing for Urban Development from a Maqashid Sharia Perspective

Authors
Andika Jati Zohella1, *
1Universitas Ibn Khaldun Bogor, Bogor, Indonesia
*Corresponding author. Email: andika_jatizohella@uika-bogor.ac.id
Corresponding Author
Andika Jati Zohella
Available Online 5 November 2024.
DOI
10.2991/978-2-38476-299-6_5How to use a DOI?
Keywords
Sukuk; Waqf; SDGs; City; Maqashid Sharia
Abstract

The research was conducted to examine the potential for developing regional Sukuk Waqf as an alternative financing for regional development. Innovation and revitalization of waqf products are carried out to revive the vital role of waqf, including by synergizing sukuk and waqf contracts with 2 models, namely Cash Waqf Linked Sukuk (CWLS) which is a Waqf instrument and Sukuk Linked Waqf (SLW) which is an investment instrument. Every year the government finances development, but problems always arise due to budget deficits, so by utilizing financing sources from the issuance of sukuk waqf, it is hoped that this problem can be answered. Sukuk waqf is an integration of sharia capital market products and waqf assets. The technique used within the observe is a qualitative approach to literature studies with descriptive strategies. The results of the study imply that nearby Sukuk waqf can be used as an alternative financing for development through thinking about the maqashid sharia aspect. On the other hand, the SDGs target can also be financed from regional sukuk waqf because of maslahah considerations. It is hoped that this research can play a good sized function in town improvement. This research provides a significant contribution and enables new insights into sukuk and waqf and their role in financing urban development and realizing welfare.

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 2nd Ibn Khaldun International Conference on Applied and Social Sciences (IICASS 2024)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
5 November 2024
ISBN
978-2-38476-299
ISSN
2352-5398
DOI
10.2991/978-2-38476-299-6_5How 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  - Andika Jati Zohella
PY  - 2024
DA  - 2024/11/05
TI  - Regional Sukuk Waqf: Alternative Financing for Urban Development from a Maqashid Sharia Perspective
BT  - Proceedings of the 2nd Ibn Khaldun International Conference on Applied and Social Sciences (IICASS 2024)
PB  - Atlantis Press
SP  - 42
EP  - 60
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-299-6_5
DO  - 10.2991/978-2-38476-299-6_5
ID  - Zohella2024
ER  -