Cash waqf is an endowment (waqf) in the form of cash money invested in profitable economic sectors with certain percentage provisions used for social services. Waqf with money still having a debate in terms of its management, this has become a concern due to its non-eternal nature. Even though, in Indonesia, there were regulations including Law No. 41 of 2004 which regulates waqf and Government Regulation No. 42 of 2006, its own vulnerability still exist because cash waqf in Indonesia must be deposited in rupiah currency and other currenciy endowments must also be converted into rupiah. While rupiah is very vulnerable to inflation . Thus, there is no guarantee of purchasing power at all times in recording the waqf value by LKS-PWU. Therefore, it is necessary to provide a reserve money prepared by the waqf manager to deal with the possible decline in the cash waqf principal value. For those reasons, this research will discuss what is the urgency of securing cash waqf from depriciation of asset value and how to secure cash waqf from the depriciation.
This research used literature studies (library research) related to cash waqf security to secure cash waqf from depriciation of asset value. In this study the source of the data came from laws, government regulations and organizational regulations. The data collection techniques used were literature or manuscript studies that were analyzed using qualitative methods by examining all available data from various sources. Data reduction was done, after reading, studying, and reviewing all the sources, by summarizing the core of the materials. Subsequently abstraction was performed and finally the data interpretation.
The urgency of securing cash waqf from depriciation of asset value is because cash money is impermanent if it is utilized and it can be utilized by the requirement of securing its material form. Cash waqf security is performed by investing in accordance with sharia. Investments outside the sharia bank must be insured in sharia insurance. Nazhir's expertise in managing and developing the waqf properties must being a concern in order to achieve the purpose, function and designation of the waqf properties.