Ikatan Ahli Ekonomi Islam

Proposed Waqf Framework for Food Security and Price Stabilization Policy of Rice in Indonesia By Muhammad Dandy Alif Wildanaa , Syed Musa Syed Jafaar Alhabshia Editor: Ustaz Sofyan Kaoy Umar, MA, CPIF Abstract This paper provides a framework for agriculture waqf in support of a food security strategy and price stabilization policy for rice in Indonesia. Instability and inefficiency of rice production have increased, involving a high cost of production and low access to financing, which leads to instability of stock. Long supply chains, mismatch of supply and demand of rice due to the timing gap between harvesting periods, also encourages speculative practices. Waqf, through agricultural ventures that focus on producing rice, can play multiple roles and provide solutions for the entire supply chain of rice involving a framework designed to address the problems of rice in Indonesia. The proposed framework is intended to benefit all related stakeholders by maximizing th