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Submitted
October 4, 2022
Accepted
December 13, 2022
Published
December 28, 2022
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Abstract

This study aims to analyze the management of waqf through money and its implications for the development of social institutions in the Muslim community. The research departs from the phenomenon of cash waqf management in Nazhir waqf which is not in accordance with the mandate of the legislation, namely cash waqf must be managed and invested in Islamic financial institutions. This study uses a qualitative method (qualitative method) with a phenomenological approach. The data were obtained through in-depth interviews and documents on Baitul Maal Muamalat, LAWAZIS DDI, Yatim Mandiri, and LAZISNU PCNU Parepare, and the Ministry of Religion. The results showed that the form of cash waqf management at waqf institutions was in the form of waqf through money. This form of waqf is not invested in Islamic financial institutions. However, the receipt of waqf donations through cash is directly channeled to waqf programs in the form of real assets. The implications of waqf management through money on the development of social institutions are very significant. Yatim Mandiri allocates waqf through money for scholarships, and means of learning studios for the Qur'an and mathematics. Baitul Maal Muamalat allocated waqf through money for the construction of the Adetarinah mosque in Antang. LAWAZIS DDI allocates waqf through money for the construction of the DDI secretariat and the Tahfidz Institute in Makassar. LAZISNU PCNU Parepare allocates waqf through money for land acquisition and construction of facilities and infrastructure for the Zubdatul Asrar Islamic boarding school in Parepare.

Keywords

waqf through moneywaqf institutionsreal assets

Article Details

How to Cite
Masse, R. A., & Aderus, A. (2022). The Model Investment Management of Cash Waqf: Bahasa Inggris. DIKTUM: Jurnal Syariah Dan Hukum, 20(2), 204–227. https://doi.org/10.35905/diktum.v20i2.3327
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  33. Rifai, Farid. “Analisis Sistem Pengawasan Wakaf Di Indonesia.” PROCEEDINGS : 1st ANNUAL CONFERENCE ON IHTIFAZ: Islamic Economics, Finance, and Banking 11191 9 (ACI-IJIEFB), 2020, 115–25.
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  35. Rusydiana, Aam Slamet, Yayat Hidayat, Tika Widiastuti, and Solihah Sari Rahayu. “Cash Waqf for Developing Islamic Economy: Case Study in Indonesia.” Al-Uqud: Journal of Islamic Economics 5, no. 1 (2021): 43–59. https://doi.org/10.26740/al-uqud.v5n1.p43-59.
  36. Uddin, Jamaluddin, Irwan Misbach, and Abdul Wahab. “The Distribution of Zakat Mal Based on Al-’Adl in Order to Improve The Welfare of The Mustahiqs in The Laznas of Baitul Mal Hidayatullah South Sulawesi.” Al-Ulum 20, no. 1 (2020): 233–51. https://doi.org/10.30603/au.v20i1.1146.