Economic Sustainability For Islamic Nanofinance Through Waqf-Sukuk Linkage Program (Case Study In Indonesia)

Authors : Khairunnisa MUSARİ

Pages : 73-94

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Publication Date : 2016-11-01

Article Type : Research Paper

Abstract :This paper argues that sukuk potentially to be an Islamic nanofinance instrument for mobilizing fund to the very micro society. Further, collaboration sukuk and waqf can be an innovation for economic sustainability, particular to get low cost fund to finance the very micro society without interest rate. Hence, this paper attempts to: insert ignore into journalissuearticles values(1); Introduce nanofinance of microfinance institutions in Indonesia; insert ignore into journalissuearticles values(2); Introduce cooperative sukuk as a local wisdom of microfinance institution in Indonesia to finance the real sector; insert ignore into journalissuearticles values(3); Propose model of waqf-sukuk linkage program for nanofinance by synergizing Islamic banks, waqf institutions and microfinance institutions to encourage Islamic financial inclusion for the very micro society.
Keywords : Economic Sustainability, Microfinance Institution, Nanofinance, Waqf Sukuk