Waqf Financing Model Through Crowdfunding Platform: An Indonesian Perspective
- DOI
- 10.2991/assehr.k.200529.138How to use a DOI?
- Keywords
- waqf, financing, crowdfunding platform
- Abstract
Financial issues in the development of waqf projects are currently the main factors faced by waqf institutions in Indonesia. On the other hand, crowdfunding platform offers a solution to the cost problem using the concept of raising funds through social media and internet users. This article aims to describe the model of waqf financing through the crowdfunding platform wakafhasanah.bnisyariah.co.id and its role for the development of waqf in Indonesia. The method used in this study is a literature study with a descriptive qualitative approach. This study finds that until the end of 2019, there have been 24 waqif and 53 waqf projects (education, development, human resources, money waqf, environment or fort hasanah) which have been funded by wakafhasanah crowdfunding platform with a total fund of 3,627,088,985 rupiahs. This study is expected to provide an alternative solution for waqf institutions and the government in presenting additional funding sources for waqf development in Indonesia.
- Copyright
- © 2020, 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/).
Cite this article
TY - CONF AU - Adelia Desrin Nasution AU - Fahmi Medias PY - 2020 DA - 2020/05/04 TI - Waqf Financing Model Through Crowdfunding Platform: An Indonesian Perspective BT - Proceedings of the 1st Borobudur International Symposium on Humanities, Economics and Social Sciences (BIS-HESS 2019) PB - Atlantis Press SP - 661 EP - 665 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.200529.138 DO - 10.2991/assehr.k.200529.138 ID - Nasution2020 ER -