Integration of Waqf into Innovative Financial Products

There are some contemporary innovative financial products that have been linked with waqf, such as the cash waqf linked Sukuk issued by the Government of Indonesia and the Waqf unit trust which is introduced in Malaysia. There are numerous other cash waqf linked innovations such as the waqf share scheme to finance waqf development projects by issuing shares of the project to the contributors; compulsory cash waqf schemes; mobile waqf model; corporate waqf scheme; waqf takaful model; cash waqf deposit product; waqf fund model for education; and waqf using blockchain technology.