IMPLEMENTATION OF CASH WAQF IN INDONESIAN SYARIAH BANK IN THE PERSPECTIVE OF LAW 41/2004 AND SHARIA BUSINESS LAW

IMPLEMENTATION OF CASH WAQF IN INDONESIAN SYARIAH BANK IN THE PERSPECTIVE OF LAW 41/2004 AND SHARIA BUSINESS LAW | Zenodo Skip to main Communities My dashboard Log in Sign up Zenodo is currently experiencing slowness and intermittent outages due to heavy automated traffic from bots and AI crawlers. We are aware of the problem, and our team is focused on stabilizing the service. Thank you for your patience. International Journal of Social Science, Educational, Economics, Agriculture Research and Technology (IJSET) Published January 30, 2026 | Version v1 Journal article Open IMPLEMENTATION OF CASH WAQF IN INDONESIAN SYARIAH BANK IN THE PERSPECTIVE OF LAW 41/2004 AND SHARIA BUSINESS LAW Authors/Creators Mohamad Idham (Contact person) 1 Sadath M. Nur (Contact person) 2 Show affiliations 1.

Fakultas Hukum Universitas Muhammadiyah Jakarta 2.

Prodi Ekonomi Syariah Sekolah Tinggi Nahdlatul Ulama Description Cash waqf is an Islamic philanthropic instrument with strategic potential in strengthening an inclusive and sustainable economy, particularly in the post-pandemic period. In Indonesia, cash waqf has gained legal legitimacy through Law Number 41 of 2004 concerning Waqf and the support of a fatwa from the National Sharia Council of the Indonesian Ulema Council. However, there is a gap between the potential of cash waqf and its implementation in Islamic financial institutions. This study aims to analyze the implementation of cash waqf at Bank Syariah Indonesia and assess its contribution to the development of Islamic business law in Indonesia. This study uses an empirical juridical method with a qualitative approach, through an analysis of laws and regulations, fatwas, policy documents, and cash waqf management practices. The results show that normatively, the implementation of cash waqf is in accordance with positive law and Sharia principles. However, substantively, its management is not optimal in supporting real sector financing and empowering the community's economy. The main obstacles include low literacy in cash waqf, limited professionalism of nazhir (managers), and suboptimal technical regulations. This research emphasizes the need for strengthening regulations, increasing institutional capacity, and synergy between authorities so that cash waqf functions optimally as a legal instrument for socially just sharia business. Files 2147+IMPLEMENTASI+WAKAF+UANG+DI+BANK+SYARIAH+INDONESIA.pdf Files (335.3 kB) Name Size Download all 2147+IMPLEMENTASI+WAKAF+UANG+DI+BANK+SYARIAH+INDONESIA.pdf md5:4f3db6bc74969264cb6f1cff250ba7ec 335.3 kB Preview Download Additional details References Asy'arie, B. F., Djalaludin, D., Ambarwati, D., & Imamah, N. (2024). Exploration of Cash Waqf as a Sharia Economic Instrument in Realizing Social Welfare in Indonesia. Journal of Sharia Economics, 5 (2). Ulum, B., Astari, P., Setiawati, R., & Yanti, F. (2024). Wakaf uang sebagai peluang ekonomi syariah kontemporer. Al-Awqaf: Jurnal Wakaf Dan Ekonomi Islam, 17(1), 1–10. https://jurnal.bwi.go.id/index.php/awqaf/article/view/201 Roisah, A. (2024). Wakaf Uang: Implementasi di Bank Syariah Indonesia Perspektif Maslahah. Fawaid: Sharia Economic Law Review, 6 (2). Zakariya, A. F., Istiqomah, N. H., & Aji, B. (2021). Potensi wakaf uang digital (Financial Teknologi Syariah) dalam membangun kesejahteraan ekonomi masyarakat. Al-Musthofa: Journal of Sharia Economics, 4(2). https://doi.org/10.58518/al-musthofa.v4i2.892 Sukman, S. (2025). Potensi dan strategi pengembangan wakaf uang di Indonesia. Ats-Tsarwah: Jurnal Hukum Ekonomi Islam, 5 (1). https://doi.org/10.XXXX/ats-tsarwah.v5i1.327 Judijanto, L., Hambali, H. R., & Sani, A. (2023). Implementasi Undang-Undang wakaf dalam perspektif hukum Islam: Studi terhadap efektivitas pengelolaan wakaf produktif. Jurnal Al-Mizan, Vol. 12(1), Juni 2025. Achmad Soleh. (2026). Hasil wawancara dengan Kasi Pemberdayaan Zakat dan Wakaf Direktorat Pemberdayaan Zakat dan Wakaf, Direktorat Jenderal Bimbingan Masyarakat Islam, Kementerian Agama Republik Indonesia. Jakarta. Muhammad Syukron Habiby (2026), Hasil Wawancara dengan Group Head Islamic Organization & Socio-Business Initiative Solutions Team Leader, PT Bank Syariah Indonesia (BSI), Tbk. Badan Wakaf Indonesia. (2016). Peraturan Badan Wakaf Indonesia Nomor 4 Tahun 2016 tentang Pengelolaan Wakaf Uang. Jakarta: BWI. Dewan Syariah Nasional Majelis Ulama Indonesia. (2003). Fatwa No. 29/DSN-MUI/III/2003 tentang Wakaf Uang. Jakarta: DSN-MUI. Undang-Undang Republik Indonesia Nomor 41 Tahun 2004 tentang Wakaf. Lembaran Negara Republik Indonesia Tahun 2004. 30 Views 16 Downloads Show more details All versions This version Views Total views 30 30 Downloads Total downloads 16 16 Data volume Total data volume 5.4 MB 5.4 MB More info on how stats are collected.... Versions External resources Indexed in OpenAIRE Communities Keywords and subjects Keywords cash waqf; Islamic banking; Islamic business law; productive waqf; inclusive economy. Details DOI DOI Badge DOI 10.5281/zenodo.20020411 Markdown [](https://doi.org/10.5281/zenodo.20020411) reStructuredText .. image:: https://zenodo.org/badge/DOI/10.5281/zenodo.20020411.svg :target: https://doi.org/10.5281/zenodo.20020411 HTML <a href="https://doi.org/10.5281/zenodo.20020411"><img src="https://zenodo.org/badge/DOI/10.5281/zenodo.20020411.svg" alt="DOI"></a> Image URL https://zenodo.org/badge/DOI/10.5281/zenodo.20020411.svg Target URL https://doi.org/10.5281/zenodo.20020411 Resource type Journal article Publisher CV. Radja Publika Published in INTERNATIONAL JOURNAL OF SOCIAL SCIENCE, EDUCATIONAL, ECONOMICS, AGRICULTURE RESEARCH AND TECHNOLOGY (IJSET), 5(2), 2026. Rights License Creative Commons Attribution 4.0 International The Creative Commons Attribution license allows re-distribution and re-use of a licensed work on the condition that the creator is appropriately credited. Read more Citation Export Technical metadata Created May 4, 2026 Modified May 4, 2026 Jump up About About Policies Infrastructure Principles Projects Roadmap Contact Blog Blog Support Help FAQ Developers REST API OAI-PMH Contribute GitHub Donate Funded by Powered by CERN Data Centre & InvenioRDM Status Privacy policy Cookie policy Terms of Use This site uses cookies. Find out more on how we use cookies Accept all cookies Accept only essential cookies

Related documents

• Accountability of Cash Waqf Institutions Post the Implementation of Accounting Standard 412#936817
• What Drives MAIS Quality of Islamic Banks in Indonesia?#936728
• Analisis Mengukur Tingkat Efisiensi Perbankan Syariah Di Indonesia (Studi Pada Bank Syariah Mandiri, Bank Mega Syariah, Bank Muamalat Indonesia Periode 2009-2012)#786202
• PENGARUH PEMBELAJARAN EKONOMI ISLAM TERHADAP MINAT MAHASISWA MENABUNG DI BANK SYARIAH: Studi Pada Mahasiswa Ilmu Komunikasi UIN Sumatera Utara#1003526
• Cash Waqf Linked Deposit Potential for Revitalizing Islamic Banking in Indonesia#936755