Cash Waqf

Authors

  • Ingrid Larasati Agustina , Suryana , Mohd Haizam Saudi , Obsatar Sinaga

Abstract

In the golden age of Islam, waqf had already reached its heyday even though its management
was still very simple. In the 8th and 9th centuries Hijriyah was seen as the golden age of the
development of waqf. At that time waqf included various objects, namely mosques, prayer
rooms, schools, agricultural land, houses, gardens, bakeries, office buildings, buildings, and
others. Thus, mosques, prayer rooms, schools are only part of the things that are donated. By
looking at the majority of Indonesia which has a lot of money compared to land or others, the
opinion of the Hanafi, Maliki, and Hambali Mazhab is very suitable if implemented in
Indonesia, so that unproductive lands can be developed and have good benefits for the
welfare of the people in Indonesia. Also, the stated purpose of waqf is to retain the substance
and spread the benefits of it, and the waqf in question is not the substance of money but its
value so that it can be replaced with other money as long as its value is the same. The
suitability of the implementation of cash waqf in Indonesia can be based on the MUI decree
which issued a fatwa regarding the ability of cash waqf. Hanafi Mazhab regarding cash waqf
is very good if implemented in Indonesia because cash waqf is economically very potential to
be developed in Indonesia and the purpose of cash waqf is to collect fixed funds from the
people. Then, it can be used for the benefit of the community. Cash waqf provides an
opportunity for everyone to give alms and get a sustainable reward without having to wait to
get rich

Published

2020-10-17

Issue

Section

Articles