Abstract
Abstract: The emergence of innovation in the world of digital finance in recent years has received attention from various parties commonly known as financial technology. This innovation is in the form of crowdfunding and blockchain platforms. These two innovations can not only be used for commercial, but also social purposes, including waqf. There is a huge potential of cash waqf in Indonesia. However, the realization is relatively still low. This study aims to analyze at a glance waqf blockchain in Indonesia that can optimize the realization of waqf development in Indonesia. Qualitative research methods is used in this paper through the study of literature. The results of the study show that Indonesia is very likely to implement waqf blockchain because the Muslim population reaching more than 80%, the flexible concept of waqf fiqh and the emergence of the halal industry. The most challenges faced are related to waqf literacy to increase public awareness. Investigating about perceived intention to use waqf blockchain through questionnaire and a deep interview with the stakeholders is important for the future research.
 Keywords: technology, blockchain, waqf.
Highlights
The potential developed through the development of information technology is very likely to occur
This study aims to focus on blockchain technology in managing waqf assets that connect movable and immovable waqf assets
This can be realized with waqf management innovation through crowdfunding that utilizes blockchain technology
Summary
The potential developed through the development of information technology is very likely to occur. The emergence of innovation in digital finance that is widely known by the name of financial technology or commonly called fintech makes all parties connected without space and time limits globally. This innovation can be in the form of crowdfunding platforms through blockchain (BC) technology. What often happens is that there is doubt about the accuracy of the target of the donation that has been given. In 2014, a fraud survey at an Australian non-profit found 54% of respondents who did not report fraud to the Police because they considered the impact of future funding opportunities and the potential damage to an organization's reputation. Indonesia has large number of non-profit organization, include zakat and waqf institutions that operate based on syariah law
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
