The Role of Temporary Waqf in Improving the Social Welfare of the Muslim Community

Temporary waqf, as an innovative form of waqf, offers a level of flexibility that permanent waqf lacks. By allowing fund allocation for a set period, temporary waqf holds significant potential for improving social welfare of the Muslim Community. It enables the use of funds to respond quickly to urgent and varied needs, such as infrastructure development and public facilities. This study seeks to evaluate the effectiveness of temporary waqf in enhancing social welfare of the Muslim Community, focusing on fund allocation flexibility, investment efficiency, and positive economic impacts. The research adopts a library research approach, collecting and analyzing relevant literature on temporary waqf. Data are sourced from academic publications, regulatory documents, and waqf management-related reports. The analysis examines how temporary waqf affects the execution of social and economic projects and its overall influence on the community. Results indicate that temporary waqf allows for more adaptable and responsive fund allocation, accelerating the implementation of both social and economic programs. Temporary waqf funds can be invested in productive projects that generate immediate benefits, such as building infrastructure and healthcare facilities. These projects contribute to improving the quality of life, stimulating local economic growth, and creating employment opportunities. The study suggests raising public awareness about temporary waqf, formulating supportive policies, and promoting collaboration with the private sector and financial institutions. By implementing these recommendations, temporary waqf can further maximize its impact, enhance fund management efficiency, and contribute to sustainable development across Muslim Community.

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Publication Details

Journal
Journal of Ecohumanism
Published
2024-11-26
DOI
https://doi.org/10.62754/joe.v3i8.4908
Citations
1
Primary Topic
Islamic Finance and Banking Studies
Type
article
Field-Weighted Citation Impact
0.95
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article

The Role of Temporary Waqf in Improving the Social Welfare of the Muslim Community

Ahmad Maulidizen, Wahidin, Johari Johari, Maghfirah Maghfirah et al.
1 citations
Journal of Ecohumanism
Islamic Finance and Banking Studies
0.95
article

The Role of Temporary Waqf in Improving the Social Welfare of the Muslim Community

Ahmad Maulidizen, Wahidin, Johari Johari, Maghfirah Maghfirah, Zulkifli Zulkifli, Mawardi Mawardi
article en
1 citations

Abstract

Temporary waqf, as an innovative form of waqf, offers a level of flexibility that permanent waqf lacks. By allowing fund allocation for a set period, temporary waqf holds significant potential for improving social welfare of the Muslim Community. It enables the use of funds to respond quickly to urgent and varied needs, such as infrastructure development and public facilities. This study seeks to evaluate the effectiveness of temporary waqf in enhancing social welfare of the Muslim Community, focusing on fund allocation flexibility, investment efficiency, and positive economic impacts. The research adopts a library research approach, collecting and analyzing relevant literature on temporary waqf. Data are sourced from academic publications, regulatory documents, and waqf management-related reports. The analysis examines how temporary waqf affects the execution of social and economic projects and its overall influence on the community. Results indicate that temporary waqf allows for more adaptable and responsive fund allocation, accelerating the implementation of both social and economic programs. Temporary waqf funds can be invested in productive projects that generate immediate benefits, such as building infrastructure and healthcare facilities. These projects contribute to improving the quality of life, stimulating local economic growth, and creating employment opportunities. The study suggests raising public awareness about temporary waqf, formulating supportive policies, and promoting collaboration with the private sector and financial institutions. By implementing these recommendations, temporary waqf can further maximize its impact, enhance fund management efficiency, and contribute to sustainable development across Muslim Community.

Journal of EcohumanismVol. 3(8)
Universitas Islam Negeri Sultan Syarif Kasim Riau (ID)
Decent work and economic growth
Openalex Percentile: Top 18%
Islamic Finance and Banking Studies
0.95
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The Role of Temporary Waqf in Improving the Social Welfare of the Muslim Community — Ahmad Maulidizen, Wahidin, et al. · Journal of Ecohumanism (2024) | TGRS Research Map | TGRS