CASHWAQF AND FINANCING ISLAMIC SCHOOLS

Abstract

The present study provides a general overview of the concept of Waqf, and an in-depth discussion of how cash Waqf can fund, educational institutions such as Islamic schools, their maintenance, teachers and students in need. It discusses jurists’ opinions regarding the legal ruling of cash Waqf and points out predominant opinions relating to the issue at hand. The study also expounds proposed practical models for cash Waqf to fund Islamic schools. The study uses descriptive, inductive and analytical methods. Based on the discussions, the study concludes that if cash Waqf is implemented in a proper way, it can play a significant and effective role in funding Islamic schools.

Keywords

• cashwaqf
• financing
• Islamic school