- Sosyal Ekonomik Araştırmalar Dergisi
- Cilt: 23 Sayı: 2
- The Evaluation of Cash Waqf Linked Sukuk (CWLS) Retail Implementation and Its Potential Effects on S...
The Evaluation of Cash Waqf Linked Sukuk (CWLS) Retail Implementation and Its Potential Effects on Socioeconomic Development
Authors : Mohamad Handi Khalifah, Hakan Aslan
Pages : 53-69
Doi:10.30976/susead.1351607
View : 113 | Download : 350
Publication Date : 2023-10-31
Article Type : Research
Abstract :Purpose - The study aims to evaluate the potential of the CWLS Retail instrument to promote socioeconomic development in Indonesia in the Islamic social finance system. Methodology - Qualitative descriptive approaches are used in this study to investigate government papers, scientific publications on the subject, and the outcomes of previous studies. Findings – Indonesia expands its Islamic finance investor base, particularly among the millennial generation (Gen-Y), CWLS. Indonesia\'s commitment to advancing the National Waqf Movement, encouraging social investment, and growing productive waqf in Indonesia is demonstrated by the issuance of CWLS Retail. It was found that CWLS had a significant impact on the socioeconomic development of Indonesia. Conclusion – Indonesia needs to expand its investor base and promote CWLS Retail product innovation, considering divergent opinions among scholars. CWLS Retail innovation can be further developed using various models to adjust a region\'s or country\'s social and economic structure.Keywords : İslami Finans, Sukuk, Para Vakfı, Parakende CWLS, Sukuk İnovasyonu