MODEL SUKUK LINKED WAKAF (SLW): OPTIMALISASI UNDERLYING ASSET WAKAF MELALUI PENERBITAN SUKUK

  • Kiki Hardiansyah Siregar Universitas Pembangunan Panca Budi
  • Bakhtiar Efendi Universitas Pembangunan Panca Budi
  • Nazamuddin Ritonga UIN Sultan Syarif Kasim
  • Dew Mahrani Rangkuty Universitas Pembangunan Panca Budi

Abstract

The potential for land waqf in Indonesia reaches 414,829 locations with an area of ​​55,259.87 hectares, then according to the Indonesian Waqf Agency (BWI) the potential for cash waqf in Indonesia reaches Rp. 180 trillion per year. However, most of the waqf have not been optimized properly so that the benefits have not been felt by the people. On the other hand, the deepening of Islamic financial products needs to be developed by providing new product variations. This paper provides a model of sharia financial product sukuk that connects it with waqf land. By using a musyarakah mutanaqisah (minimized musharaka) contract, waqf land can be empowered without having to sell its ownership and Nadzir will return to get waqf land and project assets after a certain period of time. Sukuk Linked Waqf provides a variety of new sharia investment products to investors with business motivations as well as social religious backgrounds. The methodology in this research uses literature study, quantitative analysis and qualitative analysis. The results show that Sukuk Linked Waqf can be a solution in optimizing waqf assets to be productive while contributing to the deepening of Islamic financial markets and real sector activities.

Author Biographies

Kiki Hardiansyah Siregar, Universitas Pembangunan Panca Budi

Program Studi Ekonomi Pembangunan

Bakhtiar Efendi, Universitas Pembangunan Panca Budi

Program Studi Ekonomi Pembangunan

Nazamuddin Ritonga, UIN Sultan Syarif Kasim

Program Studi Ekonomi Syariah

Dew Mahrani Rangkuty, Universitas Pembangunan Panca Budi

Program Studi Ekonomi Pembangunan

References

Anik, Iin Emy Prastiwi. (2017). Perkembangan Instrumen Sukuk dalam Mendukung Pembangunan Infrastruktur, Jurnal Ilmiah Ekonomi Islam Surakarta. 3 (3), 57-59.

Direktorat Pasar Modal Syariah. (2015). Roadmap Pasar Modal Syariah 2017-2021. Jakarta: Otoritas Jasa Keuangan.

Direktorat Pemberdayaan Wakaf. (2016). Perkembangan Pengelolaan Wakaf di Indonesia. Jakarta: Departemen Agama RI.

Ismal, Rifki. (2017). Pengembangan Lembaga Keuangan UMS. Surakarta.

Departemen Ekonomi dan Keuangan Syariah (2016). Sukuk BUMN Berbasis Wakaf. Jakarta: Bank Indonesia

Fahmi, Medias. (2010). Wakaf Produktif dalam Perspektif Ekonomi Islam, Jurnal Ekonomi Islam La Riba. 4 (1), 62-74.

Muljawan, Dadang dkk. (2016). Wakaf: Pengaturan dan Tata Kelola yang Efektif. Jakarta: Bank Indonesia

Mundzir, Qahaf, (2018). Manajemen Wakaf Produktif. jakarta: Khalifa Pers.

Republik Indonesia. (2014). Undang-Undang No. 41 Tentang Wakaf.

Rozalinda. (2012). Manajemen Risiko Investasi Wakaf Uang, Jurnal Islamica. 6 (2), 78-86.

Syamsul, Anwar. (2017). Studi Hukum Islam Kontemporer. Jakarta: RM Books.
Published
2023-01-09
How to Cite
SIREGAR, Kiki Hardiansyah et al. MODEL SUKUK LINKED WAKAF (SLW): OPTIMALISASI UNDERLYING ASSET WAKAF MELALUI PENERBITAN SUKUK. Jurnal Kajian Ekonomi dan Kebijakan Publik (JEpa), [S.l.], v. 8, n. 1, p. 1-9, jan. 2023. ISSN 2527-2772. Available at: <https://jurnal.pancabudi.ac.id/index.php/jepa/article/view/4236>. Date accessed: 17 apr. 2024.