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April 10, 2026Review of Islamic Social Finance and EntrepreneurshipOpen Access

Green waqf crowdfunding model for SDGs: A fiqh al-bi’ah legal framework

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Authors

RWRizky Cahyo WibowoAZAkhmad Roja Badrus ZamanMIMuhammad Mu’tamid Ihsanillah

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Overview

Proposes a green waqf crowdfunding model in Indonesia, suggesting improvements for ecological justice in Islamic finance.

Key Points

  • The aim is to explore a green waqf crowdfunding model aligned with Islamic environmental principles to support sustainable development in Indonesia.
  • Descriptive-qualitative study design
  • Normative-juridical approach
  • Analysis of secondary legal materials
  • Utilization of maqasid al-Sharia and agency theory
  • Examination of classical and contemporary fiqh regarding ecological parameters
  • Current Islamic finance models have a bias towards social-humanitarian aspects and risk greenwashing.
  • Proposes a tripartite model for waqf involving collection, management, and distribution to enforce ecological justice.
  • Recommends blockchain technology for eco-impact reporting to enhance transparency and accountability.

Cite This Study

Wibowo et al. (2026) studied this question.

synapsesocial.com/papers/69d895d86c1944d70ce0703ehttps://doi.org/10.20885/risfe.vol5.iss1.art7
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