An Analysis of the Role of Waqf in the Food Industry as Quality of Life Assurance

Abstract

The food industry is an important sector in a country because the availability of sufficient and stable food shows a country that is able to guarantee the quality of life of the community. Furthermore, waqf models are actively developed in Malaysia, especially in sectors such as housing, education, health and etc. Therefore, to guarantee the quality of life through the food industry, Waqf needs to be an economic tool that can help improve the food industry in line with the balance and stability of the country's food security. Thus, this study aims to identify the role of waqf in the food industry as a tool that helps improve the quality of life, especially in obtaining halal food. This study uses a qualitative research method, a library study by examining secondary sources related to waqf in the food industry, such as agricultural waqf, which has been practiced as one of the financing tools that can increase food resources. This study shows that waqf has an important role as a tool that can help in improving the food industry towards economic and social well-being to guarantee a quality of life. The findings of this study are expected to help stakeholders to further empower waqf institutions in developing a waqf model by current needs including waqf related to the halal food industry.