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Cultivating Economic Value: How Productive Waqf and Greenhouse Technology Drive Local Development

Year: 2026

Type: article

Abstract: The agricultural sector in many Muslim-majority developing countries is often hindered by limited capital and technological stagnation. This study aims to examine how the integration of productive waqf (Islamic social finance) and greenhouse technology can serve as a catalyst for local economic development. Design/methodology/approach: Adopting an inductive qualitative approach, this research utilizes a case study of the Premium Melon Waqf Greenhouse Cluster in Gunung Kidul, Indonesia. Data were collected through in-depth interviews, field observations, and document analysis, and were analyzed to identify economic impacts and operational strategies. Findings: The results indicate that the synergy between cash waqf and modern greenhouse technology creates a high-impact economic ecosystem. The program successfully transformed unproductive land into a high-yield asset producing 35–40 tons of premium melons annually per hectare. Financially, the project projects a break-even point within 2.5 years with substantial returns for investors. Socially, it creates a multiplier effect by raising local wages by 142.42% compared to conventional farming and fostering skill development.

Source: Springer Link (Chiba Institute of Technology)

DOI: 10.1051/e3sconf/202670602016/pdf

Authors: Fahmi Medias, Khusna Dwi Utama, Maryesi Rohani, Nur Inasah, Fikri Maulana Ali, Ayu Dwi Wahyuni, Andi Triyanto

Institution: Universitas Muhammadiyah Magelang

Language: English

Topic: Islamic Finance and Banking Studies

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, No poverty, Zero hunger, Responsible consumption and production, Industry, innovation and infrastructure, Climate action

Open Access status: green

OpenAlex ID: W7155412224

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