THE CONCEPT OF CASH WAQF LINKED SUKUK BY INDONESIAN WAQF BOARD FROM AL-BUTHI MASLAHAH THEORY PERSPECTIVE

This research describes a new instrument in waqf in Indonesia. The instrument is called the Cash Waqf Linked Sukuk (CWLS). CWLS is a new product issued by the Indonesian Waqf Board (BWI) in early 2020 to develop the potential for cash waqf. So far, BWI assesses that the potential for cash waqf is good potential but it has obstacles including the lack of society literacy towards waqf. So as much socialization as possible both from writing, media and scientific research such as this article. This reserach uses a literature approach with documentary techniques in its collection. The collected legal materials were analyzed using the maslahah theory of Sa'id Ramadhan al-Buthi. The results can be concluded that the concept of Cash Waqf Linked Sukuk (CWLS) meets the boundary criteria drafted by al-Buthi