Research Article
Crowdfunding Platform as Waqf Land Financing Model: A Case of Muhammadiyah Waqf Institution
@INPROCEEDINGS{10.4108/eai.18-11-2020.2311747, author={Fahmi Medias and Zulfikar Bagus Pambuko and Emilya Ully Artha}, title={Crowdfunding Platform as Waqf Land Financing Model: A Case of Muhammadiyah Waqf Institution }, proceedings={Proceedings of the 2nd Borobudur International Symposium on Humanities and Social Sciences, BIS-HSS 2020, 18 November 2020, Magelang, Central Java, Indonesia}, publisher={EAI}, proceedings_a={BIS-HSS}, year={2021}, month={9}, keywords={muhammadiyah waqf jariyahmu fundraising}, doi={10.4108/eai.18-11-2020.2311747} }- Fahmi Medias
Zulfikar Bagus Pambuko
Emilya Ully Artha
Year: 2021
Crowdfunding Platform as Waqf Land Financing Model: A Case of Muhammadiyah Waqf Institution
BIS-HSS
EAI
DOI: 10.4108/eai.18-11-2020.2311747
Abstract
This Muhammadiyah institutions in Indonesia face various difficulties in developing their waqf land. For instance, the financial sources are often inadequate, limiting development. The purpose of this paper is to propose an alternative financing model in the form of a waqf crowdfunding platform for Muhammadiyah institutions in dealing with financial problems. This research offers a crowdfunding platform model to be used by Muhammadiyah waqf institutions, especially in Central Java, in financing-related projects. In general, the study analyses the inefficiency of Muhammadiyah waqf management in Central Java due to the problem of financing waqf projects. A waqf crowdfunding platform model has been developed as a source of funds for Muhammadiyah waqf institutions. It is expected to be a solution for the empowerment of Muhammadiyah non-productive waqf land. The institutions may have to find alternative solutions for the development of waqf for the people. The findings of this study provide material information and input for Muhammadiyah Waqf Institutions through crowdfunding platforms. Through this model, Muhammadiyah waqf might become more useful in solving economic and social problems for the Ummah, especially in Central Java.
