BLOCKCHAIN TECHNOLOGY INTEGRATION IN WAQF MANAGEMENT TO ENHANCE TRANSPARENCY AND GLOBAL TRUST

Abstract

Blockchain-based innovation has become increasingly relevant in Islamic social finance due to persistent challenges in waqf governance, particularly related to transparency deficits, limited accountability, and declining global trust in institutional reporting systems. This study aims to analyze the integration of blockchain technology in waqf management to enhance transparency and strengthen global trust in Islamic endowment institutions. A qualitative library research design was employed using systematic literature review and conceptual analysis of scholarly articles, policy reports, and fintech governance studies related to blockchain applications and waqf administration. Findings indicate that blockchain technology significantly improves traceability, data immutability, and real-time auditing of waqf assets through decentralized ledger systems and smart contracts. The results further reveal that enhanced transparency directly contributes to increased donor confidence and broader international participation in waqf-based initiatives. Institutional readiness, regulatory frameworks, and digital infrastructure are identified as key determinants of successful implementation. The study concludes that blockchain integration represents a transformative governance model capable of modernizing waqf management systems while reinforcing global trust and accountability in Islamic philanthropic finance ecosystems.