Discussion on Cash Waqf: Perpetuity, Legal Aspect, and Scheme of Investment Between Madzahib and Islamic Scholars

Authors

  • Ahmad Fanani Universiti Brunei Darussalam, Brunei Darussalam (Corresponding Author)
  • Muhamad Abduh Universiti Brunei Darussalam, Brunei Darussalam

DOI:

https://doi.org/10.21111/aliktisab.v7i1.10154

Keywords:

Cash Waqf, Perpetuity, Legal Aspect, Scheme of Waqf Investment

Abstract

••• English ••• The discussion on waqf is very interesting, especially in cash waqf which has recently been widely used in Islamic business instruments even though some Islamic scholars had different positions about it. In-depth, the problem appeared because the madzahib prohibited the using of cash waqf in business and its make policy makers on waqf productive confused, therefore the discussion and solution of the madzahib and Islamic scholar’s opinions are needed, as well as the scheme of waqf investment through traditionally and contemporarily methods are required. Objectively, the research will discuss the comparison of madzahib opinions on cash waqf perpetuity and legal aspect depend on Islamic jurisprudence and snapshoot the scheme of waqf investment traditionally and contemporarily. The methodology in this research is qualitative methodology where is conducting the documentation method to compile the madzahib and Islamic scholar’s opinion on cash waqf perpetuity and legal aspect, as well as the scheme of waqf investment through traditional and contemporary methods. Concluded, the perpetuity and legal aspect of cash waqf used in investment depend on Syafi’i, Hanbali, Maliki, and Hanafi is prohibited due to impermanent source to use in waqf investment, but in the same time they pursued a solution of this problem by remaining the primary function of money as a medium of value or a tool to obtain permanent assets, therefore, some scholars allowed in creating traditional and contemporary scheme of waqf investment by using the cash waqf in according to the opinions. ••• Indonesian ••• Pembahasan tentang wakaf sangat menarik, terutama dalam wakaf tunai yang akhir-akhir ini banyak digunakan dalam instrumen bisnis Islam meskipun beberapa ulama Islam memiliki pendapat yang berbeda tentangnya. Secara mendalam, permasalahan muncul karena madzahib melarang penggunaan wakaf tunai dalam bisnis dan membuat penyusun kebijakan wakaf produktif menjadi bingung, sehingga diperlukan pembahasan dan solusi dari pendapat madzahib dan ulama, serta skema investasi wakaf melalui metode tradisional dan kontemporer. Secara obyektif, penelitian ini akan membahas tentang perbandingan pendapat madzahib tentang kekekalan wakaf uang dan aspek hukumnya berdasarkan pada fiqh Islam, serta memotret skema investasi wakaf secara tradisional dan kontemporer. Metodologi dalam penelitian ini adalah metodologi kualitatif dengan menggunakan metode dokumentasi untuk menghimpun pendapat para madzahib dan ulama Islam tentang kelangsungan dan aspek hukum wakaf uang, serta skema investasi wakaf melalui metode tradisional dan kontemporer. Dapat disimpulkan bahwa, keabadian dan aspek hukum dari wakaf tunai yang digunakan dalam investasi menurut Syafi'i, Hanbali, Maliki, dan Hanafi itu dilarang karena sumbernya tidak permanen untuk digunakan dalam investasi wakaf, tetapi pada saat yang sama mereka mengupayakan penyelesaian masalah ini dengan kembali kepada fungsi utama uang sebagai media nilai atau alat untuk mendapatkan aset permanen, oleh karena itu, penggunaan uang diperbolehkan dalam membuat skema investasi wakaf tradisional dan kontemporer sesuai dengan pendapat madzahib.

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Published

2023-07-27

How to Cite

Fanani, Ahmad, and Muhamad Abduh. 2023. “Discussion on Cash Waqf: Perpetuity, Legal Aspect, and Scheme of Investment Between Madzahib and Islamic Scholars”. AL-IKTISAB: Journal of Islamic Economic Law 7 (1):113-40. https://doi.org/10.21111/aliktisab.v7i1.10154.

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Vol. 7 No. 1 (2023)

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