Waqf based Islamic Fintech Model for Agriculture Sector of Indonesia

Author:

Bilal Khan Mohammad,Ahmad Ghafoorzai Shaiq,Patel Ibadurrehman,Mohammed Shehbaz Damkar

Abstract

This study addresses major challenges and financial problems faced by Indonesian farmers.  Inadequate level of working capital and inability to access funding sources constitute major constraints to the agricultural sector. It proposes a new financing solution: the waqf based Islamic fintech model to fund farmers’ long-term and short-term projects. The study is based on a qualitative approach. The study concludes to important recommendations. The adoption of an integrated Waqf based Islamic fintech model, which provides halal financing alleviates Indonesian farmers' problems in rural areas. 

Publisher

EuroMid Academy of Business and Technology

Subject

Industrial and Manufacturing Engineering,Metals and Alloys,Strategy and Management,Mechanical Engineering

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