Limitless Benefit of Waqf as Instrument for Poverty Eradication

According to Ahyudin, Chairman of Global Wakaf – ACT’s supervisory board, the eradication of poverty started with controlling the economy. To dominate the economy, it is necessary to own a corporation and capital. Waqf is one of the sources from which the capital is taken.

Building a Muslim corporation must start with commonly-owned capital. This capital can be obtained through waqf. (ACTNews / Reza Mardhani).

ACTNews, BANDA ACEH – Recently, the poverty rate in Indonesia has increased. Nationally, the Central Statistics Agency released that the poverty rate in Indonesia increased by almost one percent in September 2020 compared to September 2019. Around 2.76 million people or 10.19 percent of Indonesian population live in poverty.

In Asia Pacific, the World Bank reported that there were 32 million poor people in the East Asia-Pacific region who failed to get out of poverty in 2020 because of the economic crisis that emerged as a result of the coronavirus pandemic.

Chairman of Global Wakaf – ACT’s Supervisory Board Ahyudin explained that a special instrument is needed to eradicate poverty. "We believe that poverty is worse than natural disasters and humanitarian crisis. It requires instruments and solutions that are not just almsgiving nor donations. Again, Allah has told us that the divine instrument to overcome poverty is waqf, "explained Ahyudin in the Waqf Economics Forum in Banda Aceh on Thursday (4/1/2021).

the eradication of poverty started with controlling the economy. To dominate the economy, it is necessary to own a corporation and capital. Waqf is one of the sources from which the capital is taken.



Ahyudin speaks at the Waqf Economics Forum on Thursday (4/1/2021). (ACTNews / Reza Mardhani)

However, Ahyudin revealed that, so far, the benefits of waqf have only been discussed in terms of Islamic jurisprudence. "Acts of worship should be contextual. If today's people are helpless and poor, then the best act of worship is to solve the poverty," Ahyudin explained.

In fact, according to Ahyudin, the management of waqf can be used as a productive asset with unlimited benefits. Therefore, Global Wakaf-ACT is currently continuing to initiate various waqf-based programs such as Productive Rice Waqf, Productive Livestock Waqf, Productive Food Waqf, Productive Water Waqf, and Productive Capital Waqf.

Service to the people through waqf is expected to bring a better future. Another speaker, Prof. Dr. Nazaruddin A. Wahid, the Chairperson of the Aceh’s Baitul Mal Agency, gave an example of the urgency of increasing waqf management in Aceh. "In almost all, villages in Aceh, they have waqf lands, resources, and assets. However, professionalism in managing the waqf lands still needs improvement," he said.

In addition, people's understanding of waqf must also be deepened. Therefore, Nazaruddin hoped that the collaboration with Global Wakaf-ACT and waqf endowers in Aceh can increase people's understanding of the usefulness of waqf. []