The Relationship Between Waqf and Human Capital in Sustainable Economic Development

Authors

  • Mohammad Ghozali University of Darussalam Gontor
  • Muhamad Said University of Darussalam Gontor
  • Mahendra Utama Cahya Ramadhan Istanbul Sabahattin Zaim University

DOI:

https://doi.org/10.21111/at.v11i2.13990

Keywords:

Waqf, Human Capital, Sustainable Economic Development, Social Inclusion

Abstract

Waqf, a significant Islamic financial instrument, possesses considerable potential in promoting human capital development, which serves as a catalyst for sustainable economic growth. From an Islamic economic standpoint, wakf not only functions as a mechanism for wealth redistribution, thereby enhancing social welfare, but also as a strategic instrument in providing sustainable financial resources for pivotal sectors such as education, health, and community skills development. Optimal management of waqf funds can result in the capitalization of programs focused on enhancing human resource capacity, which, in turn, can contribute to increased productivity, competitiveness, and innovation in diverse economic sectors.Investment in human capital through waqf schemes has the potential to encourage social inclusion and reduce economic disparities, thereby fortifying the foundations of equitable development. The synergy between waqf and human capital emerges as a pivotal strategy in promoting sustainable, competitive economic growth that is grounded in the principles of justice and welfare within the framework of Islamic economics.This article undertakes a comprehensive analysis of the conceptual and empirical relationship between waqf and human capital, culminating in the formulation of a strategic approach aimed at optimizing the role of both in the context of long-term economic development.

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Published

2025-06-30

How to Cite

Ghozali, M. ., Said, M., & Cahya Ramadhan, M. U. (2025). The Relationship Between Waqf and Human Capital in Sustainable Economic Development. Al Tijarah, 11(1), 45–54. https://doi.org/10.21111/at.v11i2.13990

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Vol. 11 No. 1 (2025): Al Tijarah l June

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Articles

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The Authors submitting a manuscript do so on the understanding that if accepted for publication, copyright of the article shall be assigned to Al Tijarah journal and Departement of Management, Faculty of Economics and Management, University of Darussalam as publisher of the journal.