Waqf-Based Crowdfunding for Non-Ruminant Livestock: A Qard al-Hasan Model for Sustainable Food Security in Malaysia
Abstract
This study looks into the possibility of waqf-based crowdfunding as a different way to get money to help develop non-ruminant livestock, especially poultry, in Malaysia. Even though the sector is becoming increasingly important to national food security, farmers face significant financial challenges, including high capital costs and limited access to traditional financing. At the same time, waqf funds are still not being used enough in productive sectors. This study finds important legal, institutional, and operational problems by using a qualitative method that combines doctrinal and non-doctrinal analysis, such as interviews and a Focus Group Discussion (FGD). The results show that there is a regulatory gap and broken governance that make it hard to implement waqf crowdfunding. In response, the study suggests a model that combines one-time waqf funding for infrastructure with Qard al-Hasan funding for operations. This model provides a long-term, Shariah-compliant solution that helps farmers, increases access to financial services, and helps improve food security.
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