Individual and Household Economic Recovery After the Covid-19 Through Temporary Waqf Program

DOI

10.2991/assehr.k.210413.064How to use a DOI?

Keywords

the Covid-19, household economics, Social Safety Net (Jaring Pengaman Sosial), temporary endowment (waqf al-mu’aqqat)

Abstract

It is historically proven that waqf plays a good role as the public financial source. The relevant shape of waqf for nowadays context is a temporaryone (waqf mu’aqqat). This study aims to offer a temporary waqf program as an alternative solution in both individual and household economic recovery after the Covid-19 pandemic through Jaring Pengaman Sosial. This research uses a qualitative approach and a library study presented descriptive-analytically. It reveals some points: First, fundraising strategy on temporary waqf effectively covers: a) Optimization of waqf fund of LKS-PWU; b) Allocation of government fund; c) Reallocation of BAZNAS and LAZ fund; d) Reallocation of CSR fund; e) Initiation of fundraising through influencers, related institution, and community. Second, collaborative managemenet of temporary waqf fund strategy involves five parties covering government (executive, legislative, and judiciary); public figures (Islamic scholars, influencers, and media owners); company (banking, industry, small industries); institution (LKS-PWU, BAZNAZ, LAZ); and people (waqf giver, receiver and auditor). Third, comprehensive temporary waqf program implementation strategy is done in five phases: coordination, socialization, education, actualization, and evaluation. As the central part, the actualization phases include five types of productive business activities i.e muzara’ah-mukhabarah, musharakah, mudarabah, kafalah-daman and lawful banking system.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Rosidin
AU  - Masyithah Mardhatillah
AU  - Fenty Andriani
AU  - Aprilya Fitriani
AU  - Mohammad Rohmanan
PY  - 2021
DA  - 2021/04/14
TI  - Individual and Household Economic Recovery After the Covid-19 Through Temporary Waqf Program
BT  - Proceedings of the 2nd Annual Conference on Social Science and Humanities (ANCOSH 2020)
PB  - Atlantis Press
SP  - 278
EP  - 284
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210413.064
DO  - 10.2991/assehr.k.210413.064
ID  - 2021
ER  -