The relevance of the national movement of cash waqf for advancing the sharia economy in modern times in Indonesia: a review study

https://doi.org/10.31295/ijbem.v4n1.875

Authors

Keywords:

advancing economy, cash waqf, national movement, sharia economy

Abstract

This study aims to determine the relationship between the movement of national waqf funds and Islamic leaders' efforts in advancing the Islamic economy in Indonesia. The success of the country's economy is inseparable from various economic movements in the community, including the national waqf fund movement. To prove a clear connection and understanding, we collected secondary data from various scientific publications that discuss the problem in question. Then we thoroughly criticized the phenomenological approach design guidelines for answering questions with elements of validity and reliability. Our analysis is strongly influenced by the theory of qualitative research methods of social studies. To facilitate this review study, we rely on data collection via Google online search and the Grammarly Premium app to report in the standard language of instruction for international publications. Finally, we can conclude that although waqf is not like zakat as the pillar of Islam, Islam aspires to the enormous potential of waqf to solve various economical problems in the sharia approach. In Islam's view, waqf has great potential, so that it needs attention to become an alternative solution for welfare.

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Published

2021-02-24

How to Cite

Hendriarto, P. (2021). The relevance of the national movement of cash waqf for advancing the sharia economy in modern times in Indonesia: a review study. International Journal of Business, Economics & Management, 4(1), 63-69. https://doi.org/10.31295/ijbem.v4n1.875

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Section

Peer Review Articles