Designing An Integrated Zakat And Waqf To Empowering Fishery Sector

Abstract

Accessing funding from traditional financial institutions is often challenging for traditional fishermen in Indonesia, despite the country being a significant hub for fishery commodities. Therefore, an alternative funding scheme for fishermen is necessary, apart from relying solely on conventional financial institutions. This study's objective is to propose an integrated and innovative model for the fishery commodity sector, involving the National Zakat Agency (BAZNAS), and to address the associated risks. The author utilized a conceptual approach and conducted a thorough literature review by examining high-quality articles. To validate the literature analysis, qualitative research was employed to support the research objectives. The suggested model is Integrated waqf and zakat, which involves intermediary agents responsible for technical field functions. This scheme combines various Islamic social funds for ta'awun or long-term purposes. Furthermore, this paper aims to foster innovation and inclusivity of social financial products through the collaborative efforts of sharia parties in the fishery commodity ecosystem.

Keywords: Integrated Financing Model, Fishery Commodity Sector, Zakat, and Waqf