Cash waqf crowdfunding model as a source of business capital for Kelompok Usaha Warung Sejahtera

Authors

  • Nurul Huda Department of Master of Management, Faculty of Economics and Business, Universitas YARSI
  • Muhammad Rofi'i Department of Management, Faculty of Economics and Business, Universitas YARSI
  • Ariel Nian Gani Department of Management, Faculty of Economics and Business, Universitas YARSI
  • Dwina Reflie Dimitra Department of Management, Faculty of Economics and Business, Universitas YARSI
  • Maheswara Prastiwi Department of Management, Faculty of Economics and Business, Universitas YARSI
  • Taufik Nur Hidayah Department of Management, Faculty of Economics and Business, Universitas YARSI
  • Webryana Mendy Feehily Department of Management, Faculty of Economics and Business, Universitas YARSI

DOI:

https://doi.org/10.26905/abdimas.v9i4.14256

Keywords:

Crowdfunding, Waqf, Cash, Capital, MSMEs

Abstract

Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in Indonesia's economy, contributing significantly to the Gross Domestic Product (GDP) and providing 96.87 percent of the employment opportunities. Despite their continued growth, particularly in Tanjung Priok, MSMEs face challenges, especially in accessing capital. The Warung Sejahtera Business Group in Tanjung Priok exemplifies micro-enterprises struggling with capital limitations, market access, and a lack of digital and managerial knowledge. The community service activities focus on improving access to capital through crowdfunding waqf in collaboration with SatuWakaf Indonesia, leveraging untapped cash waqf potential to strengthen MSME production capital and stimulate local economic growth. The method used is Participatory Action Research (PAR), involving 34 participants. Pretest and post-test analyses showed a 53.17 percent average increase in understanding of waqf and SatuWakaf as alternative funding sources. The community service team has initiated cooperation with SatuWakaf Indonesia, providing initial guidance to partners on accessing waqf- based capital and creating opportunities for further collaboration. In addition, this community service activity contributed to the establishment of a cash waqf nazir institution, this institution can be a place for cash waqf crowdfunding to help meet the capital needs of MSMEs.

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Published

2024-11-30

How to Cite

Huda, N., Rofi’i, M., Gani, A. N., Dimitra, D. R., Prastiwi, M., Hidayah, T. N., & Feehily, W. M. (2024). Cash waqf crowdfunding model as a source of business capital for Kelompok Usaha Warung Sejahtera. Abdimas: Jurnal Pengabdian Masyarakat Universitas Merdeka Malang, 9(4), 1077–1086. https://doi.org/10.26905/abdimas.v9i4.14256

Issue

Vol. 9 No. 4 (2024): November 2024

Section

Social and Humaniora

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