GREEN WAQF IN INDONESIA AND MALAYSIA: A COMPARATIVE SYSTEMATIC LITERATURE REVIEW ON REGULATIONS, MODELS, AND IMPLEMENTATION EFFECTIVENESS

Authors

  • Taufiq Ramadhan Universitas Darunnajah
  • Bayu Arif Mahendra UIN Syarif Hidayatullah
  • Alfikrul Akbar UIN KH Abdurrahman Wahid Pekalongan
  • Muhammad Iman Kurniawan Universitas Darunnajah

DOI:

https://doi.org/10.24252/el-iqthisady.v7i2.63309

Abstract

Abstract

This systematic literature review examines the role of Green Waqf, integrating Islamic finance with environmental sustainability, in Indonesia and Malaysia, and its contribution to the Sustainable Development Goals (SDGs). It identifies a conceptual evolution from traditional asset-based models to innovative mechanisms like cash waqf, sukuk, and crowdfunding. While both countries demonstrate progress, regional divergence exists: Indonesia prioritizes social empowerment, whereas Malaysia emphasizes financial innovation. Key challenges include regulatory constraints, limited public awareness, and technological gaps. The review highlights technology, particularly blockchain and crowdfunding, as critical enablers of enhanced transparency and improved management efficiency. By aligning waqf with global sustainability objectives, this study extends the discourse beyond philanthropy, positioning Green Waqf as a transformative instrument for addressing climate change and social inequality. Future research should pursue longitudinal impact assessments, cross-country comparisons, and practical applications of blockchain in waqf systems.

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Published

2025-12-22

Issue

Vol. 7 No. 2 (2025): Desember

Section

Volume 7 Nomor 2 Desember 2025

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