Understanding the Intersection of Waqf and Pesantren Culture: A Study on Local Wisdom

Hendra Hendra; Esha Momena  Yousaf; Alfi Yasmine  Rohaya

doi:10.47766/almabhats.v8i2.2068

Authors

Hendra Hendra Sekolah Tinggi Teungku Dirundeng Meulaboh
Esha Momena Yousaf International Islamic University of Pakistan
Alfi Yasmine Rohaya International Islamic University of Malaysia

DOI:

https://doi.org/10.47766/almabhats.v8i2.2068

Keywords:

Islamic Philanthropy, Islamic Law, Monetary Waqf, Waqf, Waqf Property

Abstract

Waqf, as an integral component of the Islamic philanthropic development model, Waqf plays a crucial role in enhancing educational quality. Its economic potential is further amplified through inter-governmental partnerships. This paper aims to elaborates on the potential of waqf as an economic instrument. Utilizing qualitative literature review methods, this article underscores the economic potential of waqf in addressing a range of pertinent issues. The findings of the study reveal that (1) waqf management aligns with economic capabilities; (2) economic management is in accordance with the practices of Prophet Muhammad and his companions; (3) management models are diversifying as an adaptive response to modern economic theory; (4) Waqf holds potential for economic development. Furthermore, this study's outcomes align with the waqf management concept implemented in several countries, demonstrating its success in managing waqf and providing community benefits, all grounded in Islamic teachings.

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