The Relationship Between Waqf and Human Capital in Sustainable Economic Development

الملخص

Wakf, a significant Islamic financial instrument, possesses considerable potential in promoting human capital development, which serves as a catalyst for sustainable economic growth. From an Islamic economic standpoint, wakf not only functions as a mechanism for wealth redistribution, thereby enhancing social welfare, but also as a strategic instrument in providing sustainable financial resources for pivotal sectors such as education, health, and community skills development. Optimal management of waqf funds can result in the capitalization of programs focused on enhancing human resource capacity, which, in turn, can contribute to increased productivity, competitiveness, and innovation in diverse economic sectors.Investment in human capital through waqf schemes has the potential to encourage social inclusion and reduce economic disparities, thereby fortifying the foundations of equitable development. The synergy between waqf and human capital emerges as a pivotal strategy in promoting sustainable, competitive economic growth that is grounded in the principles of justice and welfare within the framework of Islamic economics.This article undertakes a comprehensive analysis of the conceptual and empirical relationship between waqf and human capital, culminating in the formulation of a strategic approach aimed at optimizing the role of both in the context of long-term economic development.