Cash Waqf and Crowdfunding: A Study Of Online-Based Cash Waqf in Pasif Amal Of Indonesian Waqf Education Foundation

Abstract

This research focuses on exploring the effectiveness of the crowdfunding strategy for online-based cash waqf by referring to the cash waqf turnover practice on the Indonesian Waqf Education Foundation's Pasif Amal website. The idea of cash waqf leads to actions that break through the previous limited values that were less inspired even though this waqf has been legislated. There are two problems raised in this research. First, how the practice of the dimensions of cash waqf crowdfunding strategies in the Pasif Amal institution, Indonesian Waqf Education Foundation. Second, how the effectiveness of the cash waqf crowdfunding strategy in Pasif Amal Indonesian waqf education foundations and the implications for the legalization of cash waqf.

To answer these problems, this research uses a qualitative method with the approach of Soerjono Soekanto's legal effectiveness. This research concludes that in the passive crowdfunding strategy, the Indonesian Waqf Education Foundation (YEWI) has changed the view that has so far been understood that the meaning of waqf is not limited to land alone but has represented goods in the form of money in cash. In this study, it confirms that Pasif Amal institutions are then linked to the level of effectiveness in which they have been effective and can even become a new concept in the world of waqf where there is already legality, even the institutions themselves in countries where the practice is less than optimal.