Erwan Aristyanto, Riduwan Riduwan

Productive Waqf Management Model Innovation for Community Economic Empowerment in the Digital Era

Introduction

Productive waqf management model innovation for community economic empowerment in the digital era. Discover innovative digital waqf management models (crowdfunding, blockchain) for community economic empowerment. Addresses challenges and offers recommendations for sustainable development.

Abstract

Waqf is an economic instrument that has great potential in empowering society, especially in countries with large Muslim populations. In this digital era, innovation in productive waqf management can be a solution to increase effectiveness and efficiency in managing waqf funds. This research aims to explore innovative productive waqf management models and their impact on community economic empowerment. Through a comprehensive literature review and analysis of various journal articles, books and other relevant sources, this research examines digital waqf innovation practices in developing countries. These findings highlight the potential of digital waqf innovations, such as crowdfunding, blockchain technology, and mobile applications, to increase the efficiency, accountability and reach of waqf management. This technology can expand the collection of waqf funds, increase transparency, and However, challenges such as the need to increase digital literacy, public trust in digital waqf management, and align waqf regulations with advances in digital technology must be addressed. This study provides insights and recommendations for stakeholders in developing countries, especially Indonesia, to utilize digital waqf innovation to support sustainable development programs more optimally. facilitate public access to participate in waqf.

Review

The paper "Productive Waqf Management Model Innovation for Community Economic Empowerment in the Digital Era" addresses a highly pertinent and timely topic. It focuses on leveraging digital innovations to enhance the management of productive waqf, an economic instrument with significant potential for community empowerment, particularly in countries with substantial Muslim populations. The research aims to explore these innovative models and their impact, setting a clear objective for its investigation. Utilizing a comprehensive literature review and analysis of various sources, the study establishes a solid conceptual foundation for understanding current trends and practices in digital waqf innovation, especially within developing countries. The abstract highlights several key contributions, particularly in identifying specific digital waqf innovations that can revolutionize its management. The paper details the potential of tools such as crowdfunding, blockchain technology, and mobile applications to significantly increase the efficiency, accountability, and reach of waqf fund collection and administration. These technological advancements are shown to facilitate greater public access and participation in waqf, while simultaneously enhancing transparency. The study's focus on practical insights and recommendations for stakeholders, particularly in Indonesia, underscores its immediate applicability and value for policymakers and practitioners aiming to optimize digital waqf for sustainable development. While effectively outlining the transformative potential, the paper judiciously acknowledges critical challenges that must be overcome for successful implementation. It points to the necessity of improving digital literacy, building public trust in digital waqf mechanisms, and harmonizing existing waqf regulations with rapid advancements in digital technology. Given its reliance on a literature review, the study provides a robust conceptual framework but, by its nature, lacks primary empirical validation of these models in practice. Future research could extend this work by conducting case studies or pilot projects to empirically test the proposed innovations and evaluate their real-world impact and challenges, further enriching the practical utility of these insights. Overall, this research provides valuable strategic guidance for stakeholders navigating the evolving landscape of waqf management in the digital age.

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