Sukuk Linked Waqf Perspective Abu Zahra’s Maqashid Sharia Model as Financial Investment Product
Article Sidebar
Main Article Content
Abstract
Indonesia is a country where the majority of the population is Muslim. One of the potentials that Indonesia has with its Muslim community is the waqf order. This great potential of waqf certainly provides a positive side for the state in the context of the welfare of its people. To improve people’s welfare through the potential of waqf, the government through Otoritas Jasa Keuangan (OJK) makes a sharia investment instrument that is linked to waqf, namely the Sukuk Linked Waqf product. This product is a combination of Sukuk and waqf. The emergence of this product is expected to be able to achieve the great potential of waqf and expand the market share of Islamic finance indirectly, the Sukuk Linked Waqf product is a product that is expected to increase sharia financial inclusion. The method used is a literature review of maqashid sharia and Sukuk. This study used critic analysis and content analysis to investigate the theory of maqashid sharia and Sukuk. The results showed that Sukuk Linked Waqf based on Abu Zahra’s maqashid sharia model is a financial investment product that aims to bring benefits. The benefits, in this case, are in the form of welfare for humans in terms of economic improvement. Whit the emergence of this product, the road to the welfare of the people becomes more real.
Downloads
Article Details
References
Accounting and Auditing Organization for Islamic Financial Institutions. (2015). Shari’ah Standards for Islamic Financial Institutions. King Fahd National Library Cataloging in Publication Data.
Antonio, M. S., Laela, S. F., & Jazil, T. (2020). Abu Zahrah’s Maqasid Sharia Model As a Performance Measurement System. Jurnal Akuntansi Multiparadigma, 11(3), 519–541. https://doi.org/10.21776/ub.jamal.2020.11.3.30
Fad, M. F. (2021). Waqf Linked Sukuk dalam Perspektif Maqashid Syari’ah. Journal of Islamic Studies and Humanities, 6(1), 44–62.
Fasha, S. N. S., Mohamed, O. E. B. M., Isa, M. Y. B. M., & Mohamed, Z. Bin. (2018). The Development of Waqf via Sukuk Financing: the Case of Khazanah “SRI Sukuk.” International Journal of Business, Economics and Law, 15(5), 143–148.
Fauziah, N. D., & Tulmafiroh, A. (2020). Analisis Waqf Linked Sukuk Untuk Memberdayakan Tanah Yang Tidak Produktif. Jurnal Al-Tsaman, 1(1), 70–81.
Fauziah, N. N., Rabiah, E., Engku, A., & Bacha, A. M. (2021). an Analysis of Cash Waqf Linked Sukuk for Socially Impactful Sustainable Projects in. 10(1), 1–10. https://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/521/223
Hadi, N., & Baihaqi, J. (2020). The motive of CSR Practices in Indonesia: Maqashid al-Sharia Review. 8(2), 327–352.
Himam, N. S., & Umam, K. (2018). Modelling Sukuk waqf For Pesantren Economic development. Journal of Islamic Economics and Philanthropy (JIEP), 1(3), 1–23.
Ilmiah, D. (2019). Optimalisasi Asset Wakaf Melalui Sukuk Wakaf di Indonesia. JESI (Jurnal Ekonomi Syariah Indonesia), IX(2), 138–146. http://ejournal.almaata.ac.id/index.php/JESI/article/view/1251
Khatib, S. (2018). Konsep Maqashid Al-Syari’ah: Perbandingan antara Pemikiran Al-Ghazali dan Al-Syathibi. MIZANI: Wacana Hukum, Ekonomi Dan Keagamaan, 5(1), 47–62.
Muhayatsyah, A. (2020). Aspek Syariah Pada Instrumen Sukuk: Analisis Penerapan Sukuk Wakaf Di Indonesia. J-ISCAN: Journal of Islamic Accounting Research, 2(2), 67–91. https://doi.org/10.52490/j-iscan.v2i2.891
Musari, K. (2019). The Evolution of Waqf and Sukuk toward Sukuk-Waqf in Modern Islamic Economy. International Journal of ‘Umranic Studies , 2(1), 45–54.
Musari, K. (2021). Esham, the Origin of Sukuk for Facing the Crisis: Historical Experience. IQTISHODUNA: Jurnal Ekonomi Islam, 10(1), 45. https://doi.org/10.36835/iqtishoduna.v10i1.945
Paul, W., & Faudji, R. (2020). Cash Waqf Linked Sukuk Dalam Optimalkan Pengelolaan Wakaf Benda Bergerak (Uang). Jurnal Ilmiah MEA (Manajemen, Ekonomi, Dan Akuntansi), 4(2), 1–18.
Paul, W., Faudji, R., & Bisri, H. (2021). Cash Waqf Linked Sukuk Alternative Development of Sustainable Islamic Economic Development Sustainable Development Goals (SDG’s). International Journal of Nusantara Islam, 9(1), 134–148. https://doi.org/10.15575/ijni.v9i1.12215
Rahayu, R. D., & Agustianto, M. A. (2020). Analisis Implementasi Cash Waqf Linked Sukuk (CWLS) Perspektif Prinsip Ekonomi Syariah. Management of Zakat and Waqf Journal (MAZAWA), 1(2), 145–161. https://doi.org/10.15642/mzw.2020.1.2.145-161
Syaichoni, A. (2020). Ijarah Maushufah Fi Al-Dzimmah dalam Kajian Muamalah Kontemporer. Jurnal Syntax Transformation, 1(10), 668–675.
Yasin, R. M. (2021). Cash Waqf Linked Sukuk: Issues, Challenge and Future Direction in Indonesia. 7(1), 100–112. https://doi.org/10.20473/jebis.v7i1.24818
Zahrah, M. A. (1958). Ushul Fiqh. Dar al-Fikr.
Zuhaily, W. (1985). Al-Fiqh Al-Islamiy Wa Adillatuhu. Dar al-Fikr