Cash Waqf in the Era of the Industrial Revolution 4.0 in Sharia Financial Institutions from a Sharia Economic Perspective

Abstrak

This study examines the issue of cash waqf management in the Industrial Revolution 4.0 era, particularly in Islamic Financial Institutions, which is characterized by the digitalization of financial services, fintech innovation, and changes in people's transaction behavior. The research focuses on how the integration of digital technology can increase the effectiveness, transparency, and accountability of cash waqf management in accordance with Islamic economic principles. The purpose of this study is to analyze the role of Islamic Financial Institutions in optimizing technology-based cash waqf, identify implementation challenges, and formulate a management model that aligns with the maqasid of sharia. The study uses a qualitative approach with a literature review method and descriptive-analytical analysis of regulations, scientific literature, and digital-based cash waqf practices in Indonesia. The results show that the use of digital platforms, electronic payment systems, and technology-based reporting can expand waqf participation, increase fundraising efficiency, and strengthen public trust. However, challenges remain in digital literacy, sharia supervision, and data security. In conclusion, digital transformation in the management of cash waqf in Islamic Financial Institutions has great potential to support the economic empowerment of the community if accompanied by strengthening governance, adaptive regulations, and ongoing public education.