ZAKAT AND WAQF ROLE ON GREEN ECONOMY

Abstract

This study aims to explore how zakat and waqf play a strategic role in supporting the realization of a green economy in Indonesia and the Islamic world. Through the innovative use of zakat funds and waqf assets, various environmentally friendly initiatives such as water conservation, renewable energy, waste management, and reforestation can be sustainably funded. Collaboration between Islamic philanthropic institutions, the government, and the community increases the effectiveness of zakat and waqf, not only for the economic empowerment of the poor but also for strengthening environmental conservation efforts and achieving the Sustainable Development Goals (SDGs).This study used a descriptive qualitative approach. This research shows that zakat and waqf play a crucial role in promoting a green economy by funding environmental conservation programs, renewable energy, and green economy-based community empowerment. Collaboration between management institutions, the government, and the community increases the effectiveness of utilizing Islamic philanthropic funds for environmental conservation. Going forward, policy synergy, governance innovation, and public education are needed to optimize the role of zakat and waqf as pillars of the green economy. This research provides suggestions and recommendations that the development of environmentally based zakat and waqf has great potential to strengthen the green economy, reduce environmental damage, and encourage economic, social, and ecological sustainability.