<![CDATA[The rise of the digital economy introduces high-value yet depreciating assets, such as Intellectual Property Rights and financial instruments, challenging the traditional waqf requirement of physical perpetuity (ta’bid). This study aims to redefine the concept of ta’bid to align with the characteristics of digital assets with limited useful lives. Employing a qualitative method with a legal hermeneutic approach and empirical validation from sharia economic experts, this research reinterprets classical fiqh texts using Ma’na-cum-Maghza analysis. The findings indicate that ta’bid must be construed as the perpetuity of value and capital essence, rather than physical immutability. Depreciating assets are valid waqf objects provided they are managed through sinking fund mechanisms and asset re-investment (istibdal) to preserve their principal value. These results confirm that the paradigm shift from physical retention to value preservation aligns with Maqashid Sharia in wealth protection, necessitating the transformation of Nazhirs into active investment managers.]]>
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