The Model Investment Management of Cash Waqf

This study aims to analyze the management of waqf through money and its implications for the development of social institutions in the Muslim community. The research departs from the phenomenon of cash waqf management in Nazhir waqf which is not in accordance with the mandate of the legislation, namely cash waqf must be managed and invested in Islamic financial institutions. This study uses a qualitative method (qualitative method) with a phenomenological approach. The data were obtained through in-depth interviews and documents on Baitul Maal Muamalat, LAWAZIS DDI, Yatim Mandiri, and LAZISNU PCNU Parepare, and the Ministry of Religion. The results showed that the form of cash waqf management at waqf institutions was in the form of waqf through money. This form of waqf is not invested in Islamic financial institutions. However, the receipt of waqf donations through cash is directly channeled to waqf programs in the form of real assets. The implications of waqf management through money on the development of social institutions are very significant. Yatim Mandiri allocates waqf through money for scholarships, and means of learning studios for the Qur'an and mathematics. Baitul Maal Muamalat allocated waqf through money for the construction of the Adetarinah mosque in Antang. LAWAZIS DDI allocates waqf through money for the construction of the DDI secretariat and the Tahfidz Institute in Makassar. LAZISNU PCNU Parepare allocates waqf through money for land acquisition and construction of facilities and infrastructure for the Zubdatul Asrar Islamic boarding school in Parepare.Penelitian ini bertujuan untuk menganalisis pengelolaan wakaf melalui uang dan implikasinya terhadap perkembangan pranata sosial masyarakat muslim. Penelitian berangkat dari fenomena pengelolaan wakaf uang pada nazhir wakaf yang tidak sesuai dengan amanat peraturan perundang-undangan, yaitu wakaf uang harus dikelola dan diinvestasikan pada lembaga keuangan syariah. Penelitian ini menggunakan metode kualitatif dengan pendekatan fenomenologis. Data diperoleh melalui wawancara mendalam dan dokumen pada Baitul Maal Muamalat, LAWAZIS DDI, Yatim Mandiri, LAZISNU PCNU Parepare, dan Kementerian Agama. Hasil penelitian menunjukkan bahwa bentuk pengelolaan wakaf uang pada lembaga wakaf berupa wakaf melalui uang tidak diinvestasikan di lembaga keuangan Islam. Namun, penerimaan donasi wakaf melalui uang langsung disalurkan ke program wakaf dalam bentuk harta riil. Implikasi pengelolaan wakaf melalui uang terhadap perkembangan lembaga sosial sangat signifikan. Lembaga Yatim Mandiri mengalokasikan wakaf melalui uang untuk beasiswa, dan sarana sanggar belajar Al-Qur'an dan matematika. Baitul Maal Muamalat mengalokasikan wakaf berupa uang untuk pembangunan masjid Adetarinah di Antang. LAWAZIS DDI mengalokasikan wakaf melalui uang untuk pembangunan sekretariat DDI dan Lembaga Tahfidz di Makassar. LAZISNU PCNU Parepare mengalokasikan wakaf berupa uang untuk pengadaan tanah dan pembangunan sarana dan prasarana Pondok Pesantren Zubdatul Asrar Parepare