The Role of Cash Waqf as a Source of Micro Business Financing for Strengthening the Local Economy: A Case Study in Gunung Kawi District, Malang Regency

According to Iman (2017), the waqf system is a socio-economic alternative to help poor and underprivileged groups in society, through waqf-based entrepreneurship in improving welfare According to Tohirin (2010), cash waqf is a solution to the Indonesian SMEs' lack of access to formal banking institutions The role in question is how cash waqf can move and unify the potential and output of SMEs in an area 2 LITERATURE REVIEW 2 1 The Improvement of Welfare through Cash Waqf Cash Waqf is an instrument that can improve welfare [ ]it is shown by Ahmed (2007) that community empowerment through waqf will improve the standard of life through increased income According to the rating, the proposed long-term solutions are 1) cash waqf blueprint, 2) more specific arrangements, 3) promoting waqf as one of the national endowments, and 4) synergy with zakat management