The role of Waqf-Sukuk in addressing the budget deficit : the Indonesian experience as a model

الملخص EN

This study aims to highlight the role of Waqf -Sukuk in financing the public Budget deficit as a legitimate alternative to traditional financial tools based on usurious interest.

In the light of which some mechanisms have been devised that help develop the role of endowment instruments in addressing financial gaps and forms of budget deficits that countries suffer from.

The study concluded that it is necessary to activate the role of the Waqf -Sukuk in addressing budgetary imbalances in a way that can benefit from its financing advantages, chief among which is the ability to provide sufficient liquidity that the state needs to expand the base of projects in both the economic and social aspects.

Jel Classification Codes: G229