Cash Waqf Linked Sukuk (CWLS): Returns and Social Programs in Indonesia
Cash Waqf Linked Sukuk (CWLS) Retail is a cash waqf investment in state sukuk. The returns generated from this investment will be channeled by nadzir (waqf managers) to finance social programs and economic empowerment of the people. The objectives of Retail CWLS include facilitating the community in...
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| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2023
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| Online Access: | http://ur.aeu.edu.my/1197/1/Cash%20Waqf%20Linked%20Sukuk%20%28CWLS%29%20Returns%20and%20Social%20Programs%20in%20Indonesia.pdf http://ur.aeu.edu.my/1197/ |
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| Institution: | Asia e University |
| Language: | English |
| Summary: | Cash Waqf Linked Sukuk (CWLS) Retail is a cash waqf investment in state sukuk. The returns generated from this investment will be channeled by nadzir (waqf managers) to finance social programs and economic empowerment of the people. The objectives of Retail CWLS include facilitating the community in distributing safe and productive cash waqf funds, developing social investment in Indonesia, encouraging inclusive and sustainable economic growth, supporting the national waqf movement and assisting the development of productive waqf in Indonesia, and strengthening the cash waqf ecosystem in Indonesia. . This study aims to determine the returns and social programs that are financed from the returns obtained by retail CWLS. Based on the explanation above, it can be concluded that the returns on retail CWLS are still limited in value to finance social programs carried out by nazhir and the results of retail CWLS investment funds are still far from the potential cash waqf in Indonesia so it is necessary to increase literacy to the community. |
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