The Evaluation of Cash Waqf Linked Sukuk (CWLS) Retail Implementation and Its Potential Effects on Socioeconomic Development

Authors : Mohamad Handi Khalifah, Hakan Aslan

Pages : 53-69

Doi:10.30976/susead.1351607

View : 135 | Download : 368

Publication Date : 2023-10-31

Article Type : Research Paper

Abstract :Purpose - The study aims to evaluate the potential of the CWLS Retail instrument to promote socioeconomic development in Indonesia in the Islamic social finance system. Methodology - Qualitative descriptive approaches are used in this study to investigate government papers, scientific publications on the subject, and the outcomes of previous studies. Findings – Indonesia expands its Islamic finance investor base, particularly among the millennial generation (Gen-Y), CWLS. Indonesia\'s commitment to advancing the National Waqf Movement, encouraging social investment, and growing productive waqf in Indonesia is demonstrated by the issuance of CWLS Retail. It was found that CWLS had a significant impact on the socioeconomic development of Indonesia. Conclusion – Indonesia needs to expand its investor base and promote CWLS Retail product innovation, considering divergent opinions among scholars. CWLS Retail innovation can be further developed using various models to adjust a region\'s or country\'s social and economic structure.
Keywords : İslami Finans, Sukuk, Para Vakfı, Parakende CWLS, Sukuk İnovasyonu