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February 11, 2026
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March 27, 2026
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April 6, 2026
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Abstract

Purpose – This study investigates the construction of an integrated green waqf crowdfunding model grounded in fiqh al-bi’ah (Islamic environmental jurisprudence) to accelerate the implementation of sustainable development goals (SDGs) in Indonesia.
Methodology – This study employs a descriptive-qualitative method with a normative-juridical approach. It utilizes maqasid al-Sharia and agency theory to systematically analyze secondary legal materials and extract ecological parameters (hifz al-bi’ah) from classical and contemporary fiqh.
Findings – This study ’s findings suggest that current Islamic social finance models exhibit a social-humanitarian bias and treat Sharia compliance merely as a formal contractual requirement, thereby risking greenwashing. To resolve this, the study proposes a novel tripartite model–collection, management, and distribution–that technically embeds fiqh al-bi’ah as a mandatory screening protocol to ensure substantive ecological justice.
Implications – This research is useful for improving the regulatory framework and governance of digital waqf platforms. Practically, it mitigates agency problems through blockchain-verified eco-impact reporting and recommends an inter-institutional joint ministerial decree (SKB) to establish a binding green waqf taxonomy.
Originality – This study contributes to the global discourse on Islamic social entrepreneurship by synthesizing environmental ethics with fintech architecture. It transforms fiqh al-bi’ah from a mere moral appeal into a verifiable operational algorithm.

Keywords

Crowdfunding Fiqh al-bi'ah Green Waqf Islamic Social Finance SDGs

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Copyright (c) 2026 Rizky Wibowo, Akhmad Roja Badrus Zaman, Muhammad Mu’tamid Ihsanillah

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How to Cite
Wibowo, R., Zaman, A. R. B., Ihsanillah, M. M., & Aisyah, F. S. (2026). Green waqf crowdfunding model for SDGs: A fiqh al-bi’ah legal framework. Review of Islamic Social Finance and Entrepreneurship, 5(1), 120–136. https://doi.org/10.20885/RISFE.vol5.iss1.art7
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