The Role of Cash Waqf Linked Sukuk (CWLS) in Overcoming The Problem of Rice Food Sovereignty in Indonesia
Dewi Sjam (a*), Devia Almeyda (b), Miratun Nisa (c), Irham Zaki (d)

a) Study Programme Magister Science in Islamic Economics, Faculty of Economics and Business, Airlangga University, Indonesia
b) Study Programme Magister Science in Islamic Economics, Faculty of Economics and Business, Airlangga University, Indonesia
c) Study Programme Magister Science in Islamic Economics, Faculty of Economics and Business, Airlangga University, Indonesia
d) Department of Sharia Economics, Airlangga University, Indonesia

Abstract

This paper contains knowledge of the agricultural waqf framework in supporting food security strategies through the cash linked waqf instrument (CWLS). The farmer waqf which focuses on rice production aims to play a dual role and provide solutions for the entire rice supply chain to be able to overcome the problem of food security in Indonesia, especially rice. Waqf partners can create a stable environment for rice production by creating associations of commercial subdivisions. Therefore, waqf profits are distributed to farmers through various subsidies and assistance needed to achieve food security and contribute to stabilizing rice prices thereby increasing people^s welfare.

Keywords: Waqf, CWLS, Rice Production, Farmers, Food Security

Topic: Islamic social finance