ICO EDUSHA
Vol. 4 No. 1 (2023): The Fourth ICO EDUSHA 2023

Integration of Cash Waqf and Waqf Through Cash in Islamic Social Finance: Opportunities, Challenges, and Policy Implication

Ani Faujiah (Unknown)



Article Info

Publish Date
08 Dec 2025

Abstract

The integration of cash waqf and waqf through money offers an innovative approach to strengthening Islamic social finance by expanding the donor base, enhancing instrument flexibility, and optimizing the productive use of waqf assets. However, the absence of a uniform legal framework, low public literacy, and limited nazhir capacity continue to pose significant challenges. This study employs a qualitative design using a systematic literature review of 62 international publications indexed in Scopus, WoS, and Google Scholar. The findings indicate that integrating both waqf models can enhance the inclusivity of social funding and strengthen economic empowerment when supported by professional governance, adaptive regulation, and digital innovation. The study concludes that policy harmonization, nazhir capacity building, and the strengthening of the waqf literacy ecosystem are essential prerequisites for effective implementation.

Copyrights © 2023






Journal Info

Abbrev

prd

Publisher

Subject

Religion Humanities Economics, Econometrics & Finance Education Social Sciences Other

Description

Proceedings of Annual Conference for Education Management and Sharia Economics The journal publishes articles of interest to education practitioners, teachers, education policy makers, and researchers. This journal encompasses research articles, original research report, reviews in Islamic education ...