Cash waqf is an Islamic financial instrument which recently is developed by most Muslim
scholars. This Islamic financial instrument is believed to be one alternative to solicit social
funds from people, other than zakat, with a purpose to gain sustainable benefits without
reducing the amount of used fund. Cash waqf is not similar to zakat that is a mandatory and
an Islamic pillar for Muslims across the world. Cash waqf is a preferable (sunnah) that is
encouraged to be carried out by Muslims to gain ceaseless reward from God. Muslims who …