Cash Waqf Fundraising In The Digital Era

Abstrak

Waqf is one of the Islamic philanthropic instruments that embodies both spiritual and socio-economic dimensions in community development. Over time, the concept has evolved into cash waqf, which enables broader public participation in waqf practices. In Indonesia, cash waqf has gained legal recognition through Law No. 41 of 2004 and the Fatwa of the National Sharia Council (DSN-MUI) No. 2 of 2002. Furthermore, advances in information technology have led to the digital transformation of cash waqf management, particularly through online fundraising models such as crowdfunding platforms. This study aims to explore the potential, challenges, and development of digital fundraising models for cash waqf in the digital era. Employing a descriptive qualitative approach through literature review, the findings indicate that cash waqf holds significant potential as an alternative source of financing for productive sectors such as education, healthcare, and micro-enterprise development. However, its implementation faces several challenges, including low waqf literacy, limited professionalism among waqf managers (nazhir), and inadequate regulatory support for digitalization. Therefore, a collaborative effort involving the government, Islamic financial institutions, and the public is required to build an inclusive, transparent, and sustainable digital waqf ecosystem.