Fintech Waqf for MSMEs Empowerment in Indonesia

Aulia Muannasa

Abstract


This research suggests that the cash waqf model with a crowd-funding platform in a business project can empower MSMEs to advance the Indonesian economy. This study uses a qualitative approach which is descriptive research. This research describes Sharia Financial Technology (SFT) as a means of integrating solutions to empower MSME companies developed by youth on a waqf basis. The data collection utilizes a literature study from relevant literature such as books, journals or scientific articles related to the chosen topic. The study results show that cash waqf schemes and crowd-funding schemes have helped Islamic banks with speed and accuracy in processing business operation data and product marketing. This finding means that for MSMEs, the existence of Fintech helps to get convenience and efficiency in finance and capital. The implication is that waqf fintech helps develop the community's economic welfare through empowerment, especially for MSMEs. Furthermore, the existence of cash waqf with crowd-funding innovation is very easy for prospective waqifs to make cash waqf.

Keywords


Fintech, Waqf, MSMEs

Full Text:

PDF

References


Afdi, Zihramna dan Purwanggono, Bambang. 2017. “Perancangan Strategi Berbasis Metodologi Lean Startup untuk Mendorong Pertumbuhan Perusahaan Rintisan Berbasis Teknologi di Indonesia”. Industrial Enginerering Online Journal UNDIP Vol. 6 No. 4

Ahmed, Umar, Omar M. Mustafa, and Ahamad Faosiy Ogunbado. "Examining the Traditional Waqf-Based Financing Methods and Their Implications on Socioeconomic Development." IOSR Journal of Business and Management (IOSR-JBM) 17, no. 2 2015): 119–25. https://doi.org/10.9790/487X-17210106.

al Arif, M. N. R. (2012). Wakaf uang dan pengaruhnya terhadap program pengentasan kemiskinan di Indonesia.

Amalia, E. (2008). PotensidanPersoalan LKMS/BMT BagiPenguatan UKM dalam Kerangka Keadilan DistributifEkonomi Islam (Studi LKMS/BMT di 6 Kota PulauJawa). Surabaya: Universitas Airlangga.

Aminu, S. O., Mohsin, M. I. A., & Taib, F. M. (2018). An empirical review of the waqf horizon through Fintech: the industry 4.0 wave. International Journal of Economics and Management Engineering, 12(7).

Az-Zuhaili, W. (2011). Fiqih Islam wa adillatuhu, terj. Abdul Hayyie Al-Kattani, Dkk, Jakarta: Gema Insani.

Bakar, Ridzwan. 2018. "Cash Waqf for education: Prospects and challenges." Journal of Emerging Economies and Islamic Research (2018) Vol. 6, No. 2 Blank, S., 2013. "Why The Lean Start-Up Changes Everything". Harvard Business Review. Diakses pada September 2018 (https://hbr. org/2013/05/why-the-lean-start-up-changeseverything)

dalam Sugiyono, S. (2017). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta, CV.

Hasan, H. A. (2020). DAMPAK TEKNOLOGI DALAM TRANSAKSI BISNIS UMKM. PILAR, 11(2), 52–63.

Indonesia, B. (2015). Profil Bisnis Usaha Mikro Kecil dan Menengan (UMKM). jakarta: Lembaga Pengembangan Perbankan Indoensia kerjasama dengan Bank Indonesia.

Kasanah, N. (2019). Wakaf Uang Dalam Tinjauan Hukum, Potensi, Dan Tata Kelola. Muslim Heritage, 4(1).

Kirby, E., & Worner, S. (2014). Crowd-funding: An infant industry growing fast. IOSCO Research Department, 1–63.

Makarim, E. (2006). Pengantar hukum telematika: Suatu kompilasi kajian.

Rachman, M. A., & Salam, A. N. (2018). The reinforcement of zakat management through financial technology systems. International Journal of Zakat, 3(1), 57–69.

Romanova, I., & Kudinska, M. 2016. Contemporary Issues in Finance: Banking and FinTech: A Challenge or Opportunity?. London: Emerald Group Publishing Limited.

Saptono, I. T. (2019). Peluang dan Tantangan Wakaf di Era 4.0. Majalah Insight Buletin Ekonomi Syariah Menangkap Peluang Tren Wakaf Produktif KNKS.

Sifa, Eka Nurhalimatus. 2016. E-Waqf as an Alternative Solution for Infrastructure Development Based on Crowd-funding. Muhammadiyah University of Metro: The First International Conference on Law, Economics and Education.

Siregar, 2016. “Financial Technology Tren Bisnis Keuangan ke Depan”. Accessed in 1 Oktober 2022 di (http://infobanknews.com).

Tarmizi, E. (2020). Harta Haram Muamalat Kontemporer Cetakan ke-23. Kota Wisata, Bogor: Berkat Mulia Insani.

Winarto, W. W. A. (2020). Peran Fintech dalam Usaha Mikro Kecil dan Menengah (UMKM). Jesya (Jurnal Ekonomi Dan Ekonomi Syariah), 3(1), 61–73.

Yeow, A., Chuen, D. L. K., Tan, R., & Chia, M. (2018). Indonesian Microfinance Institutions (MFI) move to technology–TBOP's prodigy experience. In Handbook of Blockchain, Digital Finance, and Inclusion, Volume 2 (pp. 431–449). Elsevier.

Zakariya, A. F. (2020). Pemberdayaan Nelayan dalam Mambangun Kekuatan Ekonomi Melalui Kegiatan Produk Pengolahan Ikan Di Desa Karangagung. Islamic Management and Empowerment Journal, 2(2), 133–150.




DOI: http://dx.doi.org/10.31332/lifalah.v7i2.5339

Copyright (c) 2022 Aulia Muannasa

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Li Falah : Jurnal Studi Ekonomi dan Bisnis Islam, Indexed In

Accredited By

free hit counter
View My Stats

Organized by : Fakultas Ekonomi dan Bisnis Islam
Published by : Institut Agama Islam Negeri Kendari
Jl. Sultan Qaimuddin No. 17 Baruga Kota Kendari Provinsi Sulawesi Tenggara
phone. +62401-3193710
Fax. +62401-3193710
Email: lifalah.iainkdi@gmail.com