Cash waqf for financing ACT foundation in Indonesia: a juristic and analytical study

Akbar, Kieren and Karim, Fatimah (2022) Cash waqf for financing ACT foundation in Indonesia: a juristic and analytical study. Al-Hikmah International Journal of Islamic Studies and Human Sciences, 5 (1). pp. 154-175. E-ISSN 2637-0581

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Abstract

Cash waqf is the most useful waqf instrument to be used in humanitarian institutions. This research aims to analyze cash waqf and its expedience in financing humanitarian relief institutions (ACT Foundation) and investment methods in the foundation. Thus, humanitarian activities necessitate a form of money distribution to preserve the continuation of its benefits. The researcher used inductive approach in evaluating legal evidences, information, data and details regarding cash waqf. Furthermore, analytical approach was used to analyze and explain the legal aspects of cash waqf and verify its legality and validation to finance humanitarian institutions. By integrating theory and practice, the researcher conducted a field study by interviewing officials in the institution to ensure that the practices are in accordance with Islamic jurisprudence. Also, the research was done to expose investment methods to gain benefits of cash waqf. It can be concluded that the cash waqf is allowed to finance the activities of humanitarian institution as well as being invested to obtain further benefits.

Item Type:	Article (Journal)
Additional Information:	97055/9050
Uncontrolled Keywords:	Cash waqf, Endowment fund, Financing, ACT foundation ,Indonesia
Subjects:	BPL Islamic education
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Islamic Revealed Knowledge and Human Sciences > Department of Fiqh and Usul al-Fiqh
Depositing User:	FATIMAH KARIM
Date Deposited:	09 Mar 2022 08:37
Last Modified:	09 Mar 2022 08:37
URI:	http://irep.iium.edu.my/id/eprint/97055

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