Research Questions Heri Pratikto Sutrisno

59 PROSIDING Seminar Nasional dan Call For Papers Ekonomi Syariah“Indonesia Sebagai Kiblat Ekonomi Syariah” be reserved for children and grandchildren, kin- sfolk, and then after they are the needy. En- dowments so called experts or awqaf endow- ments dzurri family.Another form is the awqaf endowments for sheer virtue called awqafkhairi 5 Endowments basically have beenin- troduced in Indonesia yetthe term ofmoney endowment cash is still a new thing. Endow- ments are better known for this is simply the form of endowments immovable, which can be land, wells, buildings such as masjids and madrassas .As mentioned earlier, that discus- sion is a discussion of the awqafmuamalah dynamic aspect, which has continued to de- velop. So it is not an unusual thing if the terms appear in the cash awqaf endowments devel- opment. A cash awqaf funds or money collected by the institution managing the awqafNazhir through the issuance of cash awqaf certificate purchased by the public. In another sense can also be interpreted in cash awqaf donating prop- erty in the form of money or securities that are managed by banking institutions or Islamic fi- nancial institutions whose profits will where- withal, but capital cannot be reduced to char- ity, while the endowment funds collected can then be rolled out and invested by Nazhir to in various business sectors are lawful and produc- tive, so that the benefits can be utilized for the development of the people and the nation as a whole 6 As government regulations governing the awqaf PP28 of 1977 and Regulation of the Minister of Religion 1 Year 1978 on the Imple- mentation Regulation Government Regulation No.28 Year 1977 on Land Owned. But in PP 28 Year 1977 regarding the awqaf land owned regulated specifically only owned land.In PP 28, 1977 are set out on the cash awqaf law in Indonesia have no problem, because the MUI has declared a fatwa about the allowance of cash awqaf endowment cash. 7 Other regulation coming into force of their endowment money is Act No. 41 of 2003, concerning awqaf money mentioned in the four chapters, namely Articles 28, 29, 30, 31, even awqaf money specifically set on the tenth of the Act by title “Endowments in Form of Money”. The legal basis of cash awqaf endow- ments equals to the basic laws of objects, namely the Qur’an, hadith, and ijma.Based on the decision of the Commission fatwa Indone- sian UlamaFatwa Council MUI legal basis arguments is derived from the Qur’an about money endowments awqaf an-nuquud in- clude: 1. Do your virtue, so that you get a victory Al-Hajj: 77. 2. You never get to virtue perfect before you spend most of that which ye love.And whatever you spend, Allah knows Ali Imran: 92. 3. Parable income incurred by those who spend their wealth in the way of God is like a seed that grows seven grains, the grains grow every hundred grains, God multiplies reward for whom He wills.And Allah Area His gift, Knowing Al- Baqarah: 261 8 Compared with endowments objects, designation awqaf money cash is more flexible.The benefits of cash awqaf by Usman 2009: 114, among others: 1. Endowments money amounts can be var- ied, a person who has limited funds can begin to provide awqaffunds without hav- ing to wait being a landlord in advance, 5 Irfan Syauqi Beik, Wakaf Tunai dan Pengentasan Kemiskinan, ICMI online Halal Guide, September 2006 6 Muhaimin Iqbal, “Dinar Solution”, GEMA INSANI, Jakarta 2008 7 National Law Development Agency, Ministry of LawandHuman Rights ofthe Republic of Indonesia, “Legal Aspects of Endowment,” Jakarta 2011. 8 OrganizersFoundationTranslatorinterpreterof the Qur’an, “The Qur’anandTranslations,” Jakarta 1993.