Designing Waqf-Based Fisheries Financing: A Hybrid Model Approach

Putra, Trisno Wardy; Mongkito, Abdul Wahid; Rahman, Rahman; Luthfi, Mukhtar; Muin, Rahmawati; Masse, Rahman Ambo; Kara, Muslimin; K, Amiruddin; Sapa, Nasrullah Bin; Sofyan, Andi Syathir; Musa, La Ode Ali; Qomar, Moh Nur

doi:10.21608/ejabf.2025.417071.6470

Designing Waqf-Based Fisheries Financing: A Hybrid Model Approach

Document Type : Review articles

Authors

¹ Universitas Islam Negeri Alauddin Makassar

² Islamic Banking Study Program, Faculty of Islamic Economics and Business, Kendari State Islamic Institute, Southeast Sulawesi, Indonesia, 93116

³ Department of Marine Science, Faculty of Fisheries and Marine Science, Pattimura University, Maluku, Indonesia

⁴ Shariah Economics Study Program, Faculty of Postgraduate Studies, Universitas Islam Negeri Alauddin Makassar, South Sulawesi, Indonesia, 92113

⁵ Islamic Economics Study Program, Faculty of Islamic Economics and Business, Universitas Islam Negeri Alauddin Makassar, South Sulawesi, Indonesia, 92113

⁶ Islamic Banking Study Program, Faculty of Islamic Economics and Business, Universitas Islam Negeri Alauddin Makassar, South Sulawesi, Indonesia, 92113

⁷ Department of Management, Universitas Muhammadiyah Kendari, Southeast Sulawesi, Indonesia, 93127

⁸ Zakat and Waqf Management Study Program, Faculty of Economics and Business, Sunan Kudus State Islamic University, Jawa Tengah, Indonesia 59322

10.21608/ejabf.2025.417071.6470

Abstract

Indonesia, as the world’s largest archipelagic nation, holds vast potential in the fisheries sector. However, poverty remains widespread in coastal areas, with 17.74 million people living below the poverty line, including 3.9 million categorized as extremely poor representing nearly 68 percent of the nation’s total poor population. This condition stems from limited access to financing and dependence on exploitative informal lenders. To address these challenges, this study employed a literature review approach by examining works on waqf, fisheries, and Islamic social finance to formulate a conceptual hybrid waqf model aimed at empowering coastal communities. The proposed framework introduces three financing schemes: (1) Integration of waqf with other Islamic social funds (zakat, infaq, and sadaqah) to provide productive assets and operational support; (2) combination of cash waqf with cash waqf linked deposit (CWLD) to ensure sustainable working capital for fishermen; and (3) integration of cash and land waqf to support aquaculture development through access to capital and land. This hybrid model underscores the strategic role of waqf in fishermen’s empowerment, poverty alleviation, and promoting sustainability within the blue economy framework.

Keywords