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Annisa Qurrata, V., Hakimi Mohd. Shafiai, M., Alma’amun, S., Wahid, H., Ismail, A. G., & Purwanti, P. (2024). Blue Waqf Framework for Blue Forest Sustainability: A Conceptual Framework. KnE Social Sciences, 9(4), 398–407. https://doi.org/10.18502/kss.v9i4.15088

https://doi.org/10.18502/kss.v9i4.15088

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authors

  • Vika Annisa Qurrata

    Vika Annisa Qurrata

    Department of Economics, Faculty of Economics and Business, Universitas Negeri Malang
    https://orcid.org/0000-0003-4214-5956
  • Muhammad Hakimi Mohd. Shafiai

    Muhammad Hakimi Mohd. Shafiai

    Department of Economics, Center for Sustainable & Inclusive Development (SID), Faculty of Economics & Management, Universiti Kebangsaan Malaysia
  • Suhaili Alma'amun

    Suhaili Alma'amun

    Department of Economics, Center for Sustainable & Inclusive Development (SID), Faculty of Economics & Management, Universiti Kebangsaan Malaysia
  • Hairunnizam Wahid

    Hairunnizam Wahid

    Department of Economics, Center for Sustainable & Inclusive Development (SID), Faculty of Economics & Management, Universiti Kebangsaan Malaysia
  • Abdul Ghafar Ismail

    Abdul Ghafar Ismail

    Department of Economics, Center for Sustainable & Inclusive Development (SID), Faculty of Economics & Management, Universiti Kebangsaan Malaysia
  • Pudji Purwanti

    Pudji Purwanti

    Department of Fisheries Agribusiness, Faculty of Fisheries and Marine Sciences, Universitas Brawijaya

Published Date

  • Jan 24, 2024

Blue Waqf Framework for Blue Forest Sustainability: A Conceptual Framework

KnE Social Sciences / The 6th International Research Conference on Economics and Business (6th IRCEB) / Pages 398–407

Abstract

Blue forests are areas that protect the coastline from flooding and erosion. They harbor wildlife and provide a sustainable livelihood for communities. One of the blue forest types is mangrove forest. Indonesia has the most expansive mangrove forest area in Southeast Asia, but nearly 25% has been deforested. Maintaining the sustainability of mangrove forests is one of the sustainable development goals (SDG) 14. Therefore, to achieve this goal, financing is needed to support the needs in maintaining the sustainability of mangrove forests. This paper is a conceptual framework that provides an Islamic social finance-based funding model for the blue forest sector. This program is called Blue Waqf. In order to implement this program, Indonesian Waqf Board and registered nazir are needed as the program’s coordinators. In addition, a colossal campaign needs to be conducted. The involvement of the surrounding community as a social adaptor is also vital. Last, waqf management through blue waqf requires protection from takaful/project guarantees. It has to be done to minimize the economy. The impact will be sustainable for the economy, society, and the environment. The profits obtained from blue waqf will be distributed to beneficiaries.


Keywords: Blue Waqf, sustainable, Blue Forest, conceptual framework

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