Research Article
Cash Waqf Linked Sukuk (CWLS): Returns and Social Programs in Indonesia
@INPROCEEDINGS{10.4108/eai.4-11-2022.2337382, author={Moh Fakhrurozi and Juhary Ali}, title={Cash Waqf Linked Sukuk (CWLS): Returns and Social Programs in Indonesia}, proceedings={Proceedings of the International Conference on Sustainability in Technological, Environmental, Law, Management, Social and Economic Matters, ICOSTELM 2022, 4-5 November 2022, Bandar Lampung, Indonesia}, publisher={EAI}, proceedings_a={ICOSTELM}, year={2023}, month={9}, keywords={cwls sbsn nazhir waqf social program}, doi={10.4108/eai.4-11-2022.2337382} }- Moh Fakhrurozi
Juhary Ali
Year: 2023
Cash Waqf Linked Sukuk (CWLS): Returns and Social Programs in Indonesia
ICOSTELM
EAI
DOI: 10.4108/eai.4-11-2022.2337382
Abstract
Cash Waqf Linked Sukuk (CWLS) Retail is a cash waqf investment in state sukuk. The returns generated from this investment will be channeled by nadzir (waqf managers) to finance social programs and economic empowerment of the people. The objectives of Retail CWLS include facilitating the community in distributing safe and productive cash waqf funds, developing social investment in Indonesia, encouraging inclusive and sustainable economic growth, supporting the national waqf movement and assisting the development of productive waqf in Indonesia, and strengthening the cash waqf ecosystem in Indonesia. . This study aims to determine the returns and social programs that are financed from the returns obtained by retail CWLS. Based on the explanation above, it can be concluded that the returns on retail CWLS are still limited in value to finance social programs carried out by nazhir and the results of retail CWLS investment funds are still far from the potential cash waqf in Indonesia so it is necessary to increase literacy to the community.