Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia

Nur Hendrasto; Murniati Mukhlısın; Harisuddin Harisuddin; Fauziah Chairiyati

EN TR

Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia

Abstract

This research examines the potential of productive waqf as an innovative financing solution for renewable energy projects, particularly Solar Power Plants (PLTS) in Krandegan Village, Central Java. With an approach of cash, asset, and land waqf, this research offers a sustainable financing model that not only supports agricultural efficiency through renewable energy-based irrigation but also enhances the overall well-being of the community. This study uses qualitative methods with a case study approach, involving in-depth interviews with various stakeholders. The results show that productive endowments have great potential in overcoming the funding limitations of renewable energy projects, supporting national energy mix targets, and providing extensive social and economic benefits. The proposed model can be replicated in other regions with similar solar energy potential

Keywords

Waqf Productive, Renewable Energi, Investment.

Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia

Abstract

This research examines the potential of productive waqf as an innovative financing solution for renewable energy projects, particularly Solar Power Plants (PLTS) in Krandegan Village, Central Java. With an approach of cash, asset, and land waqf, this research offers a sustainable financing model that not only supports agricultural efficiency through renewable energy-based irrigation but also enhances the overall well-being of the community. This study uses qualitative methods with a case study approach, involving in-depth interviews with various stakeholders. The results show that productive endowments have great potential in overcoming the funding limitations of renewable energy projects, supporting national energy mix targets, and providing extensive social and economic benefits. The proposed model can be replicated in other regions with similar solar energy potential.

Keywords

Waqf Productive, Renewable Energi, Investment.

Supporting Institution

National Research and Innovation Agency (BRIN)

Ethical Statement

We extend our deepest gratitude to BRIN (National Research and Innovation Agency)for their invaluable support of our research project titled: **"Designing Productive Waqf-Based Financing Model for Renewable Energy Investments: Empirical Evidence from Indonesia."** Your guidance and assistance have been instrumental in enabling us to pursue impactful research in renewable energy financing. We are truly grateful for the opportunity to collaborate under your esteemed support, and we look forward to contributing to Indonesia's sustainable development initiatives. Thank you for your trust and dedication to advancing innovative solutions for the future.

Thanks

We extend our deepest gratitude to BRIN (National Research and Innovation Agency) for their invaluable support of our research project titled: **"Designing Productive Waqf-Based Financing Model for Renewable Energy Investments: Empirical Evidence from Indonesia."** Your guidance and assistance have been instrumental in enabling us to pursue impactful research in renewable energy financing. We are truly grateful for the opportunity to collaborate under your esteemed support, and we look forward to contributing to Indonesia's sustainable development initiatives. Thank you for your trust and dedication to advancing innovative solutions for the future.

References

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Details

Primary Language

English

Subjects

Islamic Economy

Journal Section

Research Article

Authors

Nur Hendrasto ^*
0000-0002-6637-0317
Indonesia

Murniati Mukhlısın
0000-0002-7807-7628
Indonesia

Harisuddin Harisuddin
0000-0002-6246-5984
Indonesia

Fauziah Chairiyati
0009-0001-7693-960X
Indonesia

Publication Date

December 24, 2024

Submission Date

November 16, 2024

Acceptance Date

December 24, 2024

Published in Issue

Year 2024 Volume: 2 Number: 2

IZ

https://izlik.org/JA29TT62NR

APA

Hendrasto, N., Mukhlısın, M., Harisuddin, H., & Chairiyati, F. (2024). Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia. Karatay İslam İktisadı Ve Finans Dergisi, 2(2), 159-171. https://izlik.org/JA29TT62NR

AMA

1.Hendrasto N, Mukhlısın M, Harisuddin H, Chairiyati F. Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia. KARJIEF. 2024;2(2):159-171. https://izlik.org/JA29TT62NR

Chicago

Hendrasto, Nur, Murniati Mukhlısın, Harisuddin Harisuddin, and Fauziah Chairiyati. 2024. “Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia”. Karatay İslam İktisadı Ve Finans Dergisi 2 (2): 159-71. https://izlik.org/JA29TT62NR.

EndNote

Hendrasto N, Mukhlısın M, Harisuddin H, Chairiyati F (December 1, 2024) Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia. Karatay İslam İktisadı ve Finans Dergisi 2 2 159–171.

IEEE

[1]N. Hendrasto, M. Mukhlısın, H. Harisuddin, and F. Chairiyati, “Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia”, KARJIEF, vol. 2, no. 2, pp. 159–171, Dec. 2024, [Online]. Available: https://izlik.org/JA29TT62NR

ISNAD

Hendrasto, Nur - Mukhlısın, Murniati - Harisuddin, Harisuddin - Chairiyati, Fauziah. “Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia”. Karatay İslam İktisadı ve Finans Dergisi 2/2 (December 1, 2024): 159-171. https://izlik.org/JA29TT62NR.

JAMA

1.Hendrasto N, Mukhlısın M, Harisuddin H, Chairiyati F. Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia. KARJIEF. 2024;2:159–171.

MLA

Hendrasto, Nur, et al. “Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia”. Karatay İslam İktisadı Ve Finans Dergisi, vol. 2, no. 2, Dec. 2024, pp. 159-71, https://izlik.org/JA29TT62NR.

Vancouver

1.Nur Hendrasto, Murniati Mukhlısın, Harisuddin Harisuddin, Fauziah Chairiyati. Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia. KARJIEF [Internet]. 2024 Dec. 1;2(2):159-71. Available from: https://izlik.org/JA29TT62NR

Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia

Abstract

Keywords

Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia

Abstract

Keywords

Supporting Institution

Ethical Statement

Thanks

References

Details

Primary Language

Subjects

Journal Section

Authors

Publication Date

Submission Date

Acceptance Date

Published in Issue

IZ

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