Developing the crypto-waqf model: a perspective for entrepreneurs’ sustainability
Waqf is a unique Islamic philanthropic instrument for social development, revealed to Prophet Muhammad PBUH 1400 years ago. Properly managed waqf property and funds can boost economic growth, stabilize the economy, and alleviate poverty by financing entrepreneurs and small to medium-scale enterpri...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | en |
| Published: |
RSIS International
2025
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/120366/8/120366_Developing%20the%20crypto-waqf%20model.pdf http://irep.iium.edu.my/120366/ https://rsisinternational.org/journals/ijriss/articles/developing-the-crypto-waqf-model-a-perspective-for-entrepreneurs-sustainability/ https://dx.doi.org/10.47772/IJRISS.2025.9020334 |
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| Summary: | Waqf is a unique Islamic philanthropic instrument for social development, revealed to Prophet Muhammad
PBUH 1400 years ago. Properly managed waqf property and funds can boost economic growth, stabilize the
economy, and alleviate poverty by financing entrepreneurs and small to medium-scale enterprises. On the
other hand, integrating financial matters and technology has enhanced and increased productivity. As such,
integrating waqf and cryptocurrency would provide new Islamic social finance instruments and benefit society
in general and specifically for entrepreneurs’ sustainability. Therefore, this paper proposes a practical model
for crypto-waqf with its modus operandi. This study employed extensive qualitative research methods through
semi-structured expert interviews to achieve the intended research objective. The proposed model of cryptowaqf is presented in the study’s findings. This study implies that it benefited waqf institutions such as MAINs
in adopting the crypto-waqf model for their services. |
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