Cash Waqf: An Innovative Instrument of Personal Finance In Islamic Banking

With an exploration for a new application of Awqaf in a modern banking environment, Cash Waqf and the need for reviving and restructuring its potential applications in a contemporary environment is discussed, including the observance of cash lending through operationalization of cash Waqf fund as a non-profit based instrument for personal finance within a banking context. Understanding the dynamics of establishment of Cash Waqf instrument, its operational issues, as well its advantages and disadvantages, will open gates to new areans for financial developments.