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What is Waqf

Chapter 7
FinTech Development for Financial Inclusiveness
Islamic endowment; a special type of philanthropic activity in perpetuity; a voluntary and irrevocable endowment of sharia with compliant assets for sharia with compliant purposes; assets or cash that are purchased, bequeathed or donated for being held in perpetual trust for specific or general charitable causes that are socially beneficial; detention of a property so that its produce or income may always be available for religious, social or charitable purposes.
Published in Chapter:
Digital Financial Knowledge and Behavior of Generation Z in Indonesia: A Survey of Islamic FinTech Literacy Toward Digital Financial Inclusion
Khairunnisa Musari (Kiai Haji Achmad Siddiq State Islamic University, Indonesia) and Sutan Emir Hidayat (Gunadarma University, Indonesia & National Committee for Islamic Economy and Finance, Indonesia)
Copyright: © 2022 |Pages: 22
DOI: 10.4018/978-1-7998-8447-7.ch007
Abstract
The Indonesian Population Census 2020 reported that the majority of Indonesia's population is in the productive age group and dominated by Generation Z (27.94%). As the generation that currently dominates the population, Generation Z's characteristics are important to learn. They are the future. Generation Z has the potency to accelerate Indonesia's financial inclusion through digitalization because they are adaptable to technology. Responding to the survey results which put Generation Z in Indonesia in the first rank for the levels of happiness and religious awareness, a survey was conducted for Islamic financial technology literacy to find out how they face challenges as well as opportunities in digital era to be in line with religious values and may accelerate financial inclusion. The great potential of Generation Z for technology as well as religious awareness in turn will support financial inclusion towards inclusive development in Indonesia. Hence, this chapter will describe the survey results of digital financial knowledge and behavior of Generation Z in Indonesia.
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More Results
Chapter 1
Green Sukuk, Islamic Green Financing: A Lesson Learned From Indonesia
Islamic endowment; a voluntary and irrevocable endowment of sharia with compliant assets for sharia with compliant purposes.
Published in Chapter: Green Sukuk, Islamic Green Financing: A Lesson Learned From Indonesia; From: Handbook of Research on Climate Change and the Sustainable Financial Sector
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Chapter 11
ASEAN Toward Circular Economy and Sustainable Energy in Tackling Climate Change: Islamic Green Financing Taxonomy for Sustainable Finance
Assets that are donated, bequeathed, or purchased for being held in perpetual trust for general or specific charitable causes that are socially beneficial; an endowment made by a Muslim under Islamic Law to a nazhir ; an endowment fund but is strongly encouraged in Islam as a contribution to society; an inalienable charitable endowment under Islamic law.
Published in Chapter: ASEAN Toward Circular Economy and Sustainable Energy in Tackling Climate Change: Islamic Green Financing Taxonomy for Sustainable Finance; From: Handbook of Research on Building Greener Economics and Adopting Digital Tools in the Era of Climate Change
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Chapter 9
Islamic Financial Inclusion: An Alternative Approach to Reach the Unbanked of Bangladesh
A form of deposit product offered by Islamic financing institutions whose profit are distributed for welfare purposes and not entitled to depositors.
Published in Chapter: Islamic Financial Inclusion: An Alternative Approach to Reach the Unbanked of Bangladesh; From: Growth and Emerging Prospects of International Islamic Banking
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Chapter 16
Twinning the Green Transition and Digitalization on the Islamic Philanthropy Institutions: Evidence in Indonesia
Islamic endowment; a special type of philanthropic activity in perpetuity; a voluntary and irrevocable endowment of sharia with compliant assets for sharia with compliant purposes; assets or cash that are purchased, bequeathed or donated for being held in perpetual trust for specific or general charitable causes that are socially beneficial; detention of a property so that its produce or income may always be available for religious, social or charitable purposes.
Published in Chapter: Twinning the Green Transition and Digitalization on the Islamic Philanthropy Institutions: Evidence in Indonesia; From: Perspectives on the Transition Toward Green and Climate Neutral Economies in Asia
Full Text Chapter Download: US $37.50 Add to Cart
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