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

Cilt: 2 Sayı: 2 24 Aralık 2024
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Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia

Öz

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

Anahtar Kelimeler

Waqf Productive, Renewable Energi, Investment.

Destekleyen Kurum

National Research and Innovation Agency (BRIN)

Etik Beyan

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.

Teşekkür

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.

Kaynakça

  1. Accounting and Auditing Organization for Islamic Financial Institutions. (n.d.). Shariah standard No. 21. Bahrain: AAOIFI.
  2. Ahmad, A. A., Yaacob, S. E., & Mat Zain, M. N. (2014). The Use of wa’Dan in Islamic Contract FX Forward: Weighting between Maslahah and Mafsadah. Asian Social Science, 10(22), 332–342. https://doi.org/10.5539/ass.v10n22p332
  3. Ahmad, A. A., & Halim, M. A. A. (2014). The concept of hedging in Islamic financial transactions. Asian Social Science, 10(8), 42–49. https://doi.org/10.5539/ass.v10n8p42
  4. Akkuş, H. T., & Sakarya, Ş. (2018). Türev Ürünleri̇n İslami̇ Fi̇nans Modelleri̇ Açisindan Değerlendi̇ri̇lmesi̇. Adam Akademi Sosyal Bilimler Dergisi, 8(2), 267–299. https://doi.org/10.31679/adamakademi.427523
  5. al-Bukhārī, M. b. I. (1993). Al-Jāmiʿ al-ṣaḥīḥ (5th ed., Vols 1–7; M. D. al-Bughā, Ed.). Damascus: Dār Ibn Kathīr.
  6. al-Qurṭubī, A. ʼAbdillāh M. b. A. (1964). Al-Jāmiʼ li aḥkām al-Qur’ān (Vols 1–10). Cairo: Dār al-Kutub al-Miṣriyyah.
  7. al-Suwailem, S. (2006). Hedging in Islamic Finance. Jeddah: Islamic Development Bank.
  8. Breeden, D. T., & Viswanathan, S. (1998). Why Do Firms Hedge? An Asymmetric Information Approach. Journal of Fixed Income, 1(1), 1–55. https://doi.org/10.2139/ssrn.2642396
  9. BIST, Borsa Istanbul. (2024, July 24). Milestones in Borsa İstanbul history. Retrieved from https://borsaistanbul.com/en/sayfa/24/milestones-in-borsa-istanbul-history
  10. BIST, Borsa Istanbul. (2024, July 24). Legal framework. Retrieved from https://borsaistanbul.com/en/sayfa/3753/legal-framework

Kaynak Göster

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, ve 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 (01 Aralık 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, ve F. Chairiyati, “Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia”, KARJIEF, c. 2, sy 2, ss. 159–171, Ara. 2024, [çevrimiçi]. Erişim adresi: 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 (01 Aralık 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, vd. “Designing Productive Waqf-Based Financing Model for Renewable Energy Investments Project : Empirical Evidence From Indonesia”. Karatay İslam İktisadı ve Finans Dergisi, c. 2, sy 2, Aralık 2024, ss. 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]. 01 Aralık 2024;2(2):159-71. Erişim adresi: https://izlik.org/JA29TT62NR