The Potential Of Using Smart Contracts In Cash Waqf On Blockchain

Authors

  • Abdulmajid Obaid Hasan Saleh Associate Professor
  • Deden Misbahudin Muayyad Lecturer
  • Al-Shaghdari Fahd Assistant Professor

Keywords:

Blockchain, Smart, Contract, Cash, Waqf

Abstract

This paper attempts to explore and analyze the concept of cash waqf using smart contracts. This paper seeks to see to what extent blockchain can be leveraged to more effectively and efficiently mobilize the collection of cash waqf. The method used in this paper is a descriptive-qualitative method using secondary sources. Through research, the results show that to further increase public interest in cash waqf, blockchain technology should become a structured system through smart contracts, and its management should be centralized. The contribution of this research to society is to make it easier for people to pay cash waqf so that the number of cash waqf increases. In addition, this research contributes to the development of technology-based waqf.

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Author Biographies

Abdulmajid Obaid Hasan Saleh , Associate Professor

Institute of Islamic Banking and Finance, International Islamic University Malaysia (IIUM).

Deden Misbahudin Muayyad, Lecturer

Fakultas Ekonomi dan Bisnis, Universitas Trisakti.

Al-Shaghdari Fahd, Assistant Professor

Institute of Islamic Banking and Finance, International Islamic University Malaysia (IIUM).

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Published

2023-12-01

How to Cite

Hasan Saleh , A. O. ., Muayyad, D. M. ., & Fahd, A.-S. (2023). The Potential Of Using Smart Contracts In Cash Waqf On Blockchain . Al-Qanatir: International Journal of Islamic Studies, 32(2), 50–59. Retrieved from https://www.al-qanatir.com/aq/article/view/741

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