ISLAMIC FINANCE IN SUSTAINABLE ECONOMY: EMPOWERMENT OF SUKUK WAKALAH TO BUILD WASTE INDUSTRY

ukuk wakalah financing waste processing industry

Authors

  • Muhammad Zaid Farhand
    zfarhand7@gmail.com
    Universitas Islam Negeri Syarif Hidayatullah, Jakarta, Tangerang Selatan, Banten
  • Putri Leli Nurjanah Universitas Islam Negeri Syarif Hidayatullah, Jakarta, Tangerang Selatan, Banten
  • Muhammad Nurcholis Universitas Islam Negeri Syarif Hidayatullah, Jakarta, Tangerang Selatan, Banten
June 25, 2020

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The challenge that Indonesia faces in processing natural and non-
biological natural resources is the problem of waste management. High
population figures, as well as increased incomes, affect consumption
patterns that lead to increased waste generation in Indonesia. It is
projected that in 2030 - 2050 waste production will increase, the
problem of waste management in Indonesia can be seen from the
following indicators, namely the high amount of waste generated, the
level of waste management services is still low, limited number of final
landfills, waste management institutions and cost problem. To
overcome this problem, the issuance of wakalah sukuk as a source of
funding for the waste industry center is a solution that can be done by
the government. This research uses descriptive analysis research
methodology with literature study data collection techniques. In the
discussion explained about the concept of sustainable economy and
wakalah state sukuk scheme in providing technology procurement
financing to the waste processing industry. This research concluded
that the wakalah state sukuk could be an alternative financing for
technology procurement for the waste industry in increasing the
effectiveness and efficiency of the company so that it is more
environmentally sound and appropriate with SDG's.