Peran Wakaf Tunai Saat Pandemi Covid-19 di Indonesia

The purpose of this study is to generate a sense of optimism in the community in general and the
government in particular in overcoming the economic recession that is hitting Indonesia. This
countermeasures by looking at the potential of waqf in Indonesia, especially cash waqf as a role
model. This study uses a descriptive qualitative approach. The results show that the cash waqf
instrument has enormous benefits during a pandemic like this, both in the economic sector and in
the non-economic sector. In the non-economic sector, investment returns from cash waqf can be
used to provide direct cash assistance to the community to increase the purchasing power of
vulnerable people affected by Covid-19. In the economic sector, cash waqf profit sharing can also
be used to provide working capital to MSMEs, to finance infrastructure development and to
finance other productive economic businesses, especially for workers who are currently being
laid off a lot. In both the economic and non-economic sectors, cash waqf revenue sharing can
produce a very large multiplier effect and is beneficial for investors in increasing production, and
for the government in increasing government revenue from the tax sector.