Optimizing Productive Waqf as an Instrument of Sustainable Development in Indonesia

Abstract

Digital productive waqf is one of the strategic alternatives in answering the challenges of financing sustainable development in Indonesia. With the potential for national waqf reaching Rp180 trillion per year, but with the realization still very low, optimization steps are needed so that waqf is not only a social worship, but also an economic instrument that supports the achievement of the Sustainable Development Goals (SDGs). The development of digital technology opens up new opportunities in waqf management, such as the use of online platforms, blockchain, and crowdfunding that can increase efficiency, transparency, and public participation. However, challenges such as low public literacy towards digital waqf and limited capacity of nazhir in professional asset management are the main obstacles. This research aims to formulate a strategy for optimizing digital productive waqf as a financing instrument for sustainable development in Indonesia. The method used is qualitative descriptive, with a literature study approach to various literature, scientific journals, data from official institutions, and relevant previous research results. The data analysis technique is carried out by selecting, grouping, and presenting data based on the theme: optimization of digital waqf, the role of technology, and sustainable development. The results of the study show that the digitization of waqf is able to answer various classic problems such as limited access, transparency, and effectiveness of fund management. Digital platforms such as Satu Waqf Indonesia, Dompet Dhuafa, and Al-Azhar Waqf are real examples of modern waqf initiatives. Public literacy is still low (50.48) and lack of nazhir competence are important concerns that must be addressed through training and public education. This research also confirms that collaboration between the government, Islamic financial institutions, and technology startups is key in building a strong digital waqf ecosystem. Optimizing digital productive waqf can not only be a solution to the limitations of national development financing, but also be able to create an inclusive and sustainable Islamic economic system. With a holistic approach, digital waqf has the opportunity to become a driver of a just economy for the people of Indonesia.