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Developing the Crypto-Waqf Model: A Perspective for Entrepreneurs’ Sustainability

Author

Listed:
  • Mohd Faizuddin Muhammad Zuki

    (IIUM Institute of Islamic Banking & Finance, International Islamic University Malaysia, Kuala Lumpur)

  • Razinda Tasnim Abdul Rahim

    (Faculty of Business & Management Sciences, Universiti Islam Antarabangsa Tuanku Syed Sirajuddin, Kuala Perlis)

  • Nur Syamilah Md Noor

    (Faculty of Muamalat & Islamic Finance, Universiti Islam Antarabangsa Tuanku Syed Sirajuddin, Kuala Perlis)

Abstract

Waqf is a unique Islamic philanthropic instrument for social development, revealed to Prophet Muhammad PBUH 1400 years ago. Properly managed waqf property and funds can boost economic growth, stabilize the economy, and alleviate poverty by financing entrepreneurs and small to medium-scale enterprises. On the other hand, integrating financial matters and technology has enhanced and increased productivity. As such, integrating waqf and cryptocurrency would provide new Islamic social finance instruments and benefit society in general and specifically for entrepreneurs’ sustainability. Therefore, this paper proposes a practical model for crypto-waqf with its modus operandi. This study employed extensive qualitative research methods through semi-structured expert interviews to achieve the intended research objective. The proposed model of crypto-waqf is presented in the study’s findings. This study implies that it benefited waqf institutions such as MAINs in adopting the crypto-waqf model for their services.

Suggested Citation

  • Mohd Faizuddin Muhammad Zuki & Razinda Tasnim Abdul Rahim & Nur Syamilah Md Noor, 2025. "Developing the Crypto-Waqf Model: A Perspective for Entrepreneurs’ Sustainability," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(2), pages 4271-4280, February.
    • Handle: RePEc:bcp:journl:v:9:y:2025:issue-2:p:4271-4280
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