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Collective ijtihad is a mechanism in solving various contemporary issues by scholars and experts. It plays a vital role in the development of waqf property, this includes optimizing the potential and contribution of waqf property to various sectors of economic development. Considering the tendency of the public to contribute waqf in cash as opposed to immovable property such as land and building, the approval and compulsion of cash waqf has restored the function of waqf as a third economic sector. In Malaysia, the emergence of a cash waqf scheme is allocated under the state jurisdiction as it is part of the administration of Islamic religion. Accordingly, the cash waqf scheme offered by the State Islamic Religious Council (SIRC) will refer to the existing state’s statutory provisions or SIRC will refer to the ruling by the State Fatwa Council. Thus, this study is a conceptual study for the role of collective ijtihad on the emergence of cash waqf schemes in states of Malaysia.

Peranan Ijtihad Jama'i dalam Pembentukan Skim Wakaf Tunai di Malaysia