Waqf is an Islamic social finance which is quite different in character from other Islamic social finance such as Zakat and infaq. Zakat has a consumable nature and its distribution is limited to 8 asnaf (Fakir, poor, amil, ghorim, Muallaf, fi sabilillah, Ibnushabil&Riqab). Meanwhile, waqf has a sustainable nature and its utilization is more extensive. Waqf assets need to be managed first and the results of their management are distributed to Mauqufalaih which are broader in nature according to needs.Waqf is not defined by unproductive assets only, but also productive ones. Indonesia has a great amount of unproductive waqfland.To make it productive, cash waqf is needed because in Indonesia waqf land cannot be used as collateral. One of the waqf products that is currently widely socialized is waqf through the benefits of sharia insurance.Waqf from sharia insurance is believed to play roles in raising the fund resources of cashwaqf. A significant waqf fund number is needed in order to optimize and build the land to fulfill the main goal of waqf, which is to give back the ownership of an asset to Allah Almighty through an institution to for the sake of ummah. In Indonesia, the potential of waqf as strong tool to expand the sharia economics is believed to be high, with the majority of Muslims as many as 87% of the total population. Indonesia Waqf Board (BWI) stated that cash waqf could reach 180 trillion Rupiahs annually, although in fact, it only went up to 1,4 trillion so far. The aim of this article is to review further about cash waqf through sharia insurance in cash waqf and to find the methods of developing productive waqf through the benefits of sharia life insurance.
Abdullah, J. (2018). Tata Cara Dan Pengelolaan Wakaf Uang Di Indonesia. ZISWAF?: Jurnal Zakat Dan Wakaf, 4(1), 87. https://doi.org/10.21043/ziswaf.v4i1.3033
Ahmad, G., Rafiq, M., & Ahmed, U. (2019). Impact of work flexibility on employee performance. International Journal of Innovation Creativity and Change, 6(10), 1-10.
Ahmed, U., Phulpoto, W., Umrani, W.A., Abbas, I.A. (2016). Diving deep in employee training to understand employee engagement. The International Journal of Management, 5(1), 1-5.
Alam, A., & Hidayati, S. (2020). Akad dan Kesesuaian Fitur Wakaf Produk Asuransi Jiwa Syariah [Contracts and Compatibility of Waqf Features for Sharia Life Insurance Products]. Equilibrium: Jurnal Ekonomi Syariah, 8(1), 109.
Aldeen, K. N., Ratih, I. S., & Herianingrum, S. (2020). Contemporary Issues on Cash Waqf: A Thematic Literature Review. International Journal of Islamic Economics and Finance (IJIEF), 3(3), 119–144. https://doi.org/10.18196/ijief.3236
Anshori, A. G. (2005). Location: Law and Waqf Practition in Indonesia (1st Editio). Pilar Media. https://onesearch.id/Record/IOS3107.40728
Astuti, M. (2020). Pengembangan Produk Halal Dalam Memenuhi Gaya Hidup Halal (Halal Lifestyle). Iuris Studia: Jurnal Kajian Hukum, 1(1), 14–20. https://doi.org/10.55357/is.v1i1.16
Aufa, I. W., Pratama, A. M., & Pati, U. K. (2023). Cash Waqf Linked Sukuk through Securities Crowdfunding in Indonesia. Jambura Law Review, 5(01), 98–117. https://doi.org/10.1007/978-3-030-65313-2_29
Az-Zahra, F. (2019). Implementasi fatwa dsn-mui no: 106/dsn-mui/x/2016 tentang wakaf manfaat asuransi dan manfaat investasi pada asuransi jiwa syariah. Syarif Hidayatullah Islamic State University.
Faisal. (2021). Implementation Of Risk Management In Management Of Waqf Assets. International Journal Reglement & Society (IJRS, 2(1), 67–74. https://doi.org/10.55357/ijrs.v2i1.128
Faolina, D. (2019). Tinjauan Yuridis Wakaf Wasiat Polis Asuransi Jiwa Syariah Dalam Perspektif Hukum Islam (Studi Pada Lembaga Wakaf Al-Azhar Jakarta ) Universitas Muhammadiyah Surakarta. Universitas Muhammadiyah Surakarta.
Hasanah, U., & Susetyo, H. (2020). Challenges and Potentials of Waqf in Contemporary Indonesia. UNTAG Law Review, 4(1), 01. https://doi.org/10.36356/ulrev.v4i1.1520
Indonesian Ulama Council. (2016). Fatwa DSN Nomor 106/DSN-MUI/X/2016. FoSSEI - FoSSEI. (n.d.). Retrieved March 28, 2023, from Https://Fossei.Org/, 19, 2–6.
Indonesian Waqf Board. (2021). Menelisik Manfaat Potensi Wakaf Uang untuk Bantu Kaum Dhuafa. In Badan Wakaf Indonesia. Indonesian Waqf Board. https://www.bwi.go.id/5926/2021/02/05/menelisik-manfaat-potensi-wakaf-uang-untuk-bantu-kaum-dhuafa/
Ibrahim, S. B., Ahmed, U., & Abdullahi, M. S. (2021). Testing the prediction of knowledge sharing behavior through the lens of organizational culture and organizational citizenship behavior. Annals of Contemporary Developments in Management & HR (ACDMHR), 3(2), 27-40.
Jairin, J. (2020). Kajian System Kinerja Keuangan (Operating Financial System) Pada Asuransi Syari’Ah Dan Asuransi Konvensional Ditinjau Dari Perspektif Hukum Islam. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 2(2), 171–189. https://doi.org/10.31538/iijse.v2i2.514
Junaidi, A., & Asyhur, T. (2005). Towards Productive Waqf Era (1st ed.). Mumtaz Publishing.
Khosyi’ah, S. (2010). Waqf and Hibah: Fqih Ulama’s Prespective and Its Development in Indonesia. Pustaka Setia.
Khusaeri. (2015). Al-A’raf?: Jurnal Pemikiran Islam dan Filsafat. UIN RMSaid Journals, 12(1), 77–95.
Maskur, & Gunawan, S. (2018). Unsur dan Syarat Wakaf dalam Kajian Para Ulama dan Undang-Undang di Indonesia. Tazkiya: Jurnal Keislaman, Kemasyarakat Dan Kebudayaan, 19(2), 81–96.
Ministry of Religion Affairs Indonesia. (2021). Grafik Jumlah Luas dan Tanah Wakaf. https://siwak.kemenag.go.id/siwak/gk_jumlah.php
Mubarok, J. (2008). Productive Waqf. Sembiosa Rekatama Media. https://opac.perpusnas.go.id/DetailOpac.aspx?id=468222
Mozammel, S., Ahmed, U., Slade, H., & Zaman, F. (2018). Digging deep in StudentsEngagement in Bahrain: contributions from academic self-efficacy and academic resilience. International Journal of Management and Business Research, 8(1), 136-147.
Purkon, A. (2022). Regulations of Waqf Management in Contemporary Indonesia. Jurnal Ilmiah Ekonomi Islam, 8(02), 1237–1246. https://www.jurnal.stie-aas.ac.id/index.php/jei/article/view/5326/2262%0Ahttps://jurnal.stie-aas.ac.id/index.php/jei/article/view/5326
Ramadhani, T. A., Inda, T., Rahma, F., & Harahap, M. I. (2023). Factors Affecting Surplus Underwriting of Tabarru Funds in Sharia Life Insurance Companies. 3(3), 646–658.
Presiden Republik Indonesia. (2021). Presiden Jokowi Luncurkan Gerakan Nasional Wakaf Uang. Published on https://www.presidenri.go.id/siaran-pers/presiden-jokowi-luncurkan-gerakan-nasional-wakaf. Accessed 18 August 2023
Zulhadi, T., Arisman, A., & Hengki, H. (2023). Analysis of the Effect of Contribution Income, Claims on Tabarru Funds in the Sharia Business Unit of PT. Prudential Life Assurance Indonesia, 2016-2021. Al-Kharaj: Journal of Islamic Economic and Business, 5(1), 115–127. https://doi.org/10.24256/kharaj.v5i1.3615
