Reinterpreting Waqf Law Governance in the Era of Digital Asset Management
DOI:
https://doi.org/10.59890/ijla.v4i1.158Keywords:
Digital Waqaf, Legal Governance, Digital Asset Management, Tokenization, Smart ContractsAbstract
The integration of digital asset management into waqf governance raises complex legal and regulatory challenges. This study examines the transformation of waqf legal governance in response to digital asset management, including tokenization and IT-based waqf platforms. Using a normative qualitative and juridical-comparative approach, the research finds that existing waqf legal frameworks have not fully accommodated smart contracts, tokenized waqf assets, cross-jurisdictional digital transactions, and digital consumer protection. The study highlights the need for legal clarification on the status and valuation of digital waqf assets. It proposes an adaptive regulatory model integrating sharia principles, national law, and fintech standards to enhance transparency, accountability, and public participation, contributing both theoretically to Islamic legal scholarship and practically to policy development for regulators and waqf institutions.
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