Individual and household economic recovery after the Covid-19 through temporary waqf program

Rosidin, Rosidin and Mardhatillah, Masyithah and Andriani, Fenty and Fitriani, Aprilya and Rohmanan, Mohammad (2021) Individual and household economic recovery after the Covid-19 through temporary waqf program. Presented at The 2nd Annual Conference on Social Science and Humanities (ANCOSH 2020), 28 Nov 2020, Malang.

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Abstract

It is historically proven that waqf plays a good role as the public financial source. The relevant shape of waqf for nowadays context is a temporaryone (waqf mu’aqqat). This study aims to offer a temporary waqf program as an alternative solution in both individual and household economic recovery after the Covid-19 pandemic through Jaring Pengaman Sosial. This research uses a qualitative approach and a library study presented descriptive-analytically. It reveals some points: First, fundraising strategy on temporary waqf effectively covers: a) Optimization of waqf fund of LKS-PWU; b) Allocation of government fund; c) Reallocation of BAZNAS and LAZ fund; d) Reallocation of CSR fund; e) Initiation of fundraising through influencers, related institution, and community. Second, collaborative managemenet of temporary waqf fund strategy involves five parties covering government (executive, legislative, and judiciary); public figures (Islamic scholars, influencers, and media owners); company (banking, industry, small industries); institution (LKS-PWU, BAZNAZ, LAZ); and people (waqf giver, receiver and auditor). Third, comprehensive temporary waqf program implementation strategy is done in five phases: coordination, socialization, education, actualization, and evaluation. As the central part, the actualization phases include five types of productive business activities ie muzara’ahmukhabarah, musharakah, mudarabah, kafalah-daman and lawful banking system.

Item Type: Conference (Paper)
Keywords: the Covid-19; household economics; Social Safety Net (Jaring Pengaman Sosial); temporary endowment (waqf almu’aqqat)
Subjects: 14 ECONOMICS > 1402 Applied Economics > 140206 Experimental Economics
22 PHILOSOPHY AND RELIGIOUS STUDIES > 2204 Religion and Religious Studies > 220403 Islamic Studies
22 PHILOSOPHY AND RELIGIOUS STUDIES > 2204 Religion and Religious Studies > 220403 Islamic Studies > 22040304 Fiqh, Ushul Fiqh, Islamic Jurisprudence, and related science
22 PHILOSOPHY AND RELIGIOUS STUDIES > 2201 Applied Ethics
Divisions: Faculty of Sharia and Law > Department of Islamic Constitutional Law
Depositing User: mohammad rohmanan
Date Deposited: 19 May 2022 08:59

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