community waqfs, sustainable local development, local financing, own resources, Algeria.

Abstract

This article aims to explore the role of community endowments as a strategic model for achieving sustainable local development in light of increasing local financing needs and government funding constraints. This study adopts a descriptive and analytical approach, reviewing the origins and concept of community endowments, analyzing their operating principles and characteristics, and then examining their contribution to local development through the mobilization of local resources, the development of investment activity, and the achievement of impactful investment. The results of this study demonstrate that community endowments are a sustainable model for promoting local development by establishing permanent endowments, initiating development initiatives, fostering community trust, cultivatinga culture of giving and shared responsibility, and effectively directing resources towards the most pressing needs. This study recommends that this model be localized in Algeria through the adoption of supportive legislative frameworks, the provision of tax incentives, capacity building, and the strengthening of partnerships with various actors in line with the local endowment heritage to maximize the impact of community endowments in achieving sustainable local development.