LEGAL ASPECT FOR MANAGING WAQF ASSETS THROUGH COMPANY MANAGEMENT: DEVELOPMENT OF SHARE WAQF

Abstract

Waqf (endowment) in the history of Islam, is a social institution that has made a very significant contribution in the development of Islamic societies, both in the economic, social and cultural fields. The management of assets waqf can be integrated by company productive activities. This article will discuss how the legal aspect for managing waqf through company management .The method used is normative juridical. Research specifications are analytical descriptive. The management of aset waqf through company indicates the ownership of capital in favor of social interests. The benefit of ownership of the company is not only for the owner or but also for others, especially those who are economically living in poverty. This ownership structure is expected to reduce economic inequality in society. Waqf shares can be a development of cash waqf schemes, and have been successfully implemented in several countries and provide great benefits not only for worship, but also education, health, economic welfare, and other social contributions. The management of assets waqf through company in addition to not conflict with the provisions of the applicable legislation and principles of Shariah (Islamic Law)