Journal of Islamic Economics Lariba
Vol. 2 No. 2 (2016)

Cash Waqf as an Alternative Source of Islamic Microfinance Institution’s Capital in Indonesia

Gustani, Gustani (Unknown)
Ernawan, Dwi Aditya (Unknown)



Article Info

Publish Date
20 Nov 2016

Abstract

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 Micro Finance Institutions. Endowments in cash will be an alternative source of capital LKMS cheap and mashlahah. The pattern is divided into a cash waqf endowments temporary cash invested in sharia-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 channelled to the social fund. With this pattern expected cash waqf and where LKMS can benefit the wider community.

Copyrights © 2016






Journal Info

Abbrev

JIELariba

Publisher

Subject

Religion Economics, Econometrics & Finance Social Sciences

Description

Journal of Islamic Economics Lariba provides a platform for academicians, researchers, lecturers, students, and others having concerns about Islamic economics, finance, and development. The journal welcomes contributions on the following topics: Islamic economics, Islamic public finance, Islamic ...