STRATEGY OF WAQF FOR SUSTAINABLE ECONOMIC DEVELOPMENT
DOI:
https://doi.org/10.29103/icofeb.v2i-.1073Keywords:
Waqf, SDGs, Poverty, ANPAbstract
This research is significant as it requires an in-depth study that combines theoretical and field analysis on the principles of Islamic economics with the distribution instruments of waqf as a means to achieve long-term community economic development in Lhokseumawe city. Given that the majority of the city's population is Muslim, the potential for waqf is substantial. The purpose of this research is to determine the impact of waqf distribution models on the long-term economic growth of the community. This is a descriptive study involving waqf management organizations, academics, government officials, and practitioners. The technique used in this research is purposive sampling, with the research subjects being waqf experts within the Shariah environment of Lhokseumawe. The approach of the waqf distribution strategy model for sustainable community economic development will be explained in this paper. The findings of this research reveal that the waqf distribution strategy model will improve living standards and drive remarkable economic growth, as well as serve as a poverty alleviation solution, in alignment with the United Nations' global Sustainable Development Goals (SDGs).
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