Strategies To Increase Community Knowledge And Understanding About Investment Of Cash Waqf Linked Sukuk Securities

DOI

10.2991/978-2-494069-83-1_102How to use a DOI?

Keywords

Investment; Sukuk; Waqf; Securities; Knowledge; Understanding

Abstract

This study aims to develop a strategic concept to increase people's knowledge and understanding of investing in Cash Waqf Linked Sukuk (CWLS), especially through formal and non-formal socialization.

Methods-This research uses mixed methods, namely qualitative and quantitative methods, with a descriptive approach. The data used are primary data and secondary data. Data collection techniques were carried out by document tracing and observation.

Quantitative data was obtained from the publication of the Indonesian Waqf Agency (BWI) regarding the sales of CWLS SWR 001 in 2020 amounting to Rp. 8,480,000,000,- and sales of SWR 002 in 2021 amounting to Rp. 24,141,000,000,-, there is an increase of 62%. However, the sales results of the CWLS SWR 002 are still very low compared to its potential. There are Rp. 76,946,459 million, - which have not been collected.

The findings of this study are the level of knowledge and understanding of the Indonesian people about investing in CWLS is still low. This is due to very little socialization carried out by the Government, the Indonesian Waqf Board (BWI), BWI partner Islamic banks, and Nazir.

Conclusions-1) It is necessary to include a sharia economics curriculum in religious education materials, and provide an adequate portion of lesson hours; 2) a professional, massive, and comprehensive promotion needs to be carried out; 3) Ulama and religious leaders need to increase the breadth of knowledge about sharia economics

Copyright

© 2022 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Sigit Hartoko
AU  - Dita Andansari
AU  - Raihana Mohdali
AU  - Nor-Aiza Mohd-Zamil
PY  - 2022
DA  - 2022/12/30
TI  - Strategies To Increase Community Knowledge And Understanding About Investment Of Cash Waqf Linked Sukuk Securities
BT  - Proceedings of the International Conference on Applied Science and Technology on Social Science 2022 (iCAST-SS 2022)
PB  - Atlantis Press
SP  - 583
EP  - 590
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-83-1_102
DO  - 10.2991/978-2-494069-83-1_102
ID  - Hartoko2022
ER  -