Analysis of Islamic Jurisprudence on Waqf Crowdfunding in the Digital Era

Abstract

The development of digital technology has brought about a major transformation in the practice of Islamic philanthropy, one of which is through the waqf crowdfunding platform. However, the existence of this new form of Crowdfunding raises a number of issues of muamalah fiqh, especially related to the validity of the Sharia contract, clarity of waqf intentions, fund management, and distribution of benefits. This study aims to analyze the suitability of waqf crowdfunding practices with the principles of classical and contemporary muamalah fiqh. The method used is a literature study (library research) with a normative-juridical approach. The results of the study indicate that waqf crowdfunding can be justified by sharia as long as it meets the pillars and requirements of waqf, transparency of management, and maintaining the mandate in the distribution of benefits. However, further supervision is needed from authorized institutions to ensure that there are no deviations or obscuration of the contract. Thus, the integration between technology and muamalah fiqh must continue to be strengthened in order to encourage Islamic economic innovation that remains based on sharia values.