Blockchain for Waqf Management

Zulaikha, Siti; Rusmita, Sari

doi:10.18502/kss.v3i10.3457

Cited by 12 publications

(19 citation statements)

References 2 publications

(2 reference statements)

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“…The following is an example of a blockchain scheme: A smart contract is a contract that makes the system provide certain results and paid according to the results. Smart contracts automatically execute contract terms in a transparent manner (Crosby in Zulaikha & Rusmita, 2018). The smart contract combines computer protocols with fellow users to execute contract terms.…”

Section: Blockchain and Smart Contractmentioning

confidence: 99%

“…This study is also the first study to analyze crowdfunding in Malaysia and its sharia compliance. Zulaikha & Rusmita (2018) researched the blockchain-related to waqf management. This study aims to focus on blockchain technology in managing waqf assets that connect movable and immovable waqf assets.…”

Section: Previous Researchmentioning

confidence: 99%

“…The implementation of blockchain for waqf must be paid more attention in detail because of the involvement of many parties in the transaction aside from the certainty that the blockchain is the right thing for waqf management (Zulaikha & Rusmita, 2018). Blockchain can be used to build trust in waqf institutions and ensure accountability (Mohsin & Muneeza, 2018).…”

Section: Introductionmentioning

confidence: 99%

“…Research related to the use of blockchain technology for waqf is still very limited Rashid, 2018;Zulaikha & Rusmita, 2018). Also, the application of the waqf blockchain is still limited in several countries because it is related to different regulations in each country.…”

Section: Introductionmentioning

confidence: 99%

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Waqf Blockchain in Indonesia

Mutmainah

Nurwahidin

Huda

2021

Al-Awqaf: J. Wakaf Ekonomi Islam

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The emergence of innovation in the world of digital finance in recent years has received attention from various parties commonly known as financial technology. This innovation is in the form of crowdfunding and blockchain platforms. These two innovations can not only be used for commercial, but also social purposes, including waqf. There is a huge potential of cash waqf in Indonesia. However, the realization is relatively still low. This study aims to analyze at a glance waqf blockchain in Indonesia that can optimize the realization of waqf development in Indonesia. Qualitative research methods is used in this paper through the study of literature. The results of the study show that Indonesia is very likely to implement waqf blockchain because the Muslim population reaching more than 80%, the flexible concept of waqf fiqh and the emergence of the halal industry. The most challenges faced are related to waqf literacy to increase public awareness. Investigating about perceived intention to use waqf blockchain through questionnaire and a deep interview with the stakeholders is important for the future research. Keywords: technology, blockchain, waqf.

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Section: Blockchain and Smart Contractmentioning

confidence: 99%

Section: Previous Researchmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Waqf Blockchain in Indonesia

Mutmainah

Nurwahidin

Huda

2021

Al-Awqaf: J. Wakaf Ekonomi Islam

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“…Kolaborasi antara wakaf dan teknologi blockchain saat ini dianggap sebuah gebrakan baru untuk mengembangkan perwakafan yang selama ini dianggap jalan di tempat. Blockchain juga dapat digunakan untuk membantu manajemen wakaf, seperti memudahkan audit dan verifikasi tanpa biaya (Zulaikha & Rusmita, 2018), efisiensi biaya dibandingkan menggunakan cara tradisional, tata kelola yang lebih baik, biaya transaksi yang lebih rendah, transparansi yang lebih besar, dan kepercayaan yang lebih tinggi (Abojeib & Habib, 2019).…”

Section: Pendahuluanunclassified

Application of Blockchain Based Waqf Crowdfunding in Fishermen Group: Case Study of Nambangan and Cumpat, Surabaya

Sukmana

Setianto

Premananto

et al. 2020

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Background: The image of fishermen so far is a group of people classified as poor. One effort to reduce poverty is to revive the microenterprise economy through cooperatives and utilize waqf funds as an alternative source of financing for microbusinesses. The Mining and Cumpat Fishermen Group of Kenjeran District in Surabaya City has now received capital injections from productive endowments in their cooperatives. However, another problem arises from productive waqf there, the waqf that is collected is not as much as what is needed by the person. Purpose: This service program is expected to produce an outcome that is a blockchain based application that can facilitate endowments and willingness. Thus it is expected to help increase the capital of the Fishermen and Cumpat Fishermen Group, Kenjeran District, Surabaya City. Method: This service program used a participatory method whereby the companion was also involved in the application business process. In addition, the companion also asked for active participation from the mauquf alaih to provide detailed information about his business. Thus, the facilitators could promote to the prospective waqf to channel the endowment funds. Results: This assistance program produced a waqf application with blockchain technology that can be accessed on waqf.network. Conclusion: This program was considered effective in growing trust in the distribution of waqf funds. In addition, maukuf alaih also makes it easier to get investors in developing their businesses.

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