Productive Waqf: Solutions for Strengthening the Ummah's Economy and Social Empowerment

Abstract

This research focuses on optimizing the management of productive waqf as a solution for economic and social empowerment in Indonesia. With the potential for waqf reaching Rp2,000 trillion per year but the realization is still low, this study highlights the importance of transforming waqf from a consumptive to productive model to strengthen the welfare of the people. The method used is a literature review with a qualitative approach, which analyzes various sources related to the implementation of productive waqf. Data was collected from relevant journals, books, and research reports from 2018-2023. The results of the study show that the implementation of productive waqf has succeeded in increasing people's income by up to 40-60% through the creation of jobs and waqf-based business units. Technological innovations, such as the adoption of digital platforms and blockchain, play an important role in increasing transparency and accountability in waqf management. This research also underscores the importance of cross-sector collaboration and strengthening the capacity of nazhir for program sustainability. The contribution of this research lies in the development of an integrative model that combines technological, social, and economic aspects, as well as the formulation of a comprehensive monitoring system. The novelty of this study is a holistic approach that not only focuses on economic aspects, but also social empowerment and improving the quality of human resources in the productive waqf ecosystem. This research is expected to be a reference in accelerating the transformation of productive waqf for the welfare of the people in Indonesia.

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