A COMPARATIVE ANALYSIS TOWARDS HALAL NON-RUMINANT LIVESTOCK COMMODITY WAQF CROWDFUNDING MODEL IN MALAYSIA AND INDONESIA

Abstract

Malaysia is a Muslim-majority country with an estimated Muslim population of 61.30% (16 million people) out of the total population of Malaysia recorded in 2022. This amount reflects the need for a supply of halal food security for the needs of the Muslim community. However, there is a shortage of supply of halal non-ruminant livestock food commodities such as chicken, duck, and eggs, as Malaysia still depends on imported products. The present practice is still insufficient to settle the current issue as the number of farms for non-ruminant livestock is small because dominated by large-scale enterprises and the high prices of stock, which burden the community. This study investigates why halal non-ruminant livestock commodities through crowdfunding are crucial nowadays and identifies ways to develop halal non-ruminant livestock commodities through waqf crowdfunding to achieve national food security based on qualitative and descriptive cross-sectional analysis through the governing statutes, reported cases, and data obtained from the respective administrative bodies. For the comparative analysis, the research also provides the reference of the waqf crowdfunding model in Indonesia. The research submitted that Malaysia needs to formulate a plan to improve the sustainability of food security to meet the demand of the domestic market by establishing halal non-ruminant livestock commodity through waqf crowdfunding. As such, this model will serve as guideline for the government in managing the suitability of waqf crowdfunding approaches that have the potential to be practised in halal non-ruminant livestock projects to increase the level of food security in Malaysia and reduce the shortage of supply and the high price of the stock which burden the community.