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This article is aimed to oversee the rule and significance of cash waqf in Indonesia as a new social tool to alleviate poverty. Library research is employed to analyze the development of cash waqf in Indonesia. Cash waqf is introduced as a new concept of waqf to solve many social problems in society. In Indonesia it has been legalized by both Islamic scholar and national law so that Muslims have a chance to maximize its utilization. To improve and extend cash waqf functions for social purposes it is important to every waqf organization to develop its human resources capacity, mainly in its professionalism, commitment, and understanding of cash waqf importance for development.

Kata kunci: Waqaf tunai, Waqaf produktif, Ekonomi Islam

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