Cash Waqf As Alternative Sources Of Capital Of Islamic Microfinance Institutions: Implementation In Indonesia

Abstrak

One type of contemporary waqf is cash waqf. Cash Waqf provide more giving mashlahah because the money can be used for many things other than endowments. Form of cash waqf development is to be invested in Islamic financial institutions were profitable and secure. This paper aims to integrate the cash waqf as a social fund to the financial intermediation role on Islamic Microfinance Institutions. Endowments in cash will be an alternative source of capital Islamic Microfinance Institutions cheap and mashlahah. The pattern is divided into a cash waqf endowments temporary cash invested in syariah-term investment products, such as savings deposits and capital investments. Average cash waqf permanently included as a component of capital. Endowment funds will be disbursed on micro-finance, the results of which will be channeled to the social fund. With this pattern expected cash waqf and where Islamic Microfinance Institutions can benefit the wider community.