Sharia Finance Approach for Financial Empowerment of Mawaridussalam Islamic Boarding School

Abstract

The Ministry of Religious Affairs reports that as of January 2023, there are 26,975 Islamic boarding schools in Indonesia. However, the potential of pesantren has received less attention, both from the government and from the pesantren itself. On the other hand, each pesantren usually has assets in various forms, such as: buildings, fields, plantations and other property that can be used for operational purposes or madrasas. However, the diverse potential of farmers has not been fully utilized, and farmers are highly dependent on SPP funds and secondary funding sources. For this reason, the community service team of the Faculty of Economics, Universitas Muslim Nusantara Al-Washliyah carried out socialization through a sharia economic approach to strengthen the economy of Islamic boarding schools at the Mawaridussalam Islamic Boarding School. The socialization material provided to pesantren residents is the result of previous research in the form of research papers, manuscripts published in credible journals, conference proceedings, books, websites, etc. From the results of this hard work, the team successfully completed its service at the Mawaridussalam Islamic Boarding School. Various possibilities of pesantren such as building assets, sports facilities, land and human resources can be developed as a source of economic empowerment managed on the basis of Islamic economics. Capital that can be used as a basis for economic empowerment based on the Islamic economy includes captive markets, demographics, Baitul Mar or similar financial institutions, productive waqf relations and management.