Cash Waqf: Exploring Its Role and Potential Impact on Poverty Alleviation in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM)

Anwar M.  Radiamoda; Imamuddin; Aidil Alfin

doi:10.30983/iciefs.v3i1.911

Authors

Anwar M. Radiamoda Mindanao State University, MSU, Marawi City, Philippines; Al-Madinah International University, Malaysia
Imamuddin Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi
Aidil Alfin Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

DOI:

https://doi.org/10.30983/iciefs.v3i1.911

Keywords:

Bangsamoro, Cash Waqf, Islam

Abstract

Cash waqf, an Islamic form of charitable endowment, has emerged as a vital instrument for reducing poverty in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). As a versatile and scalable financial mechanism, it allows for the pooling and distribution of monetary resources to support a wide range of social and economic initiatives. In a region facing some of the highest poverty rates in the Philippines, cash waqf presents a sustainable approach to empowering communities by financing education, healthcare, infrastructure, and entrepreneurial activities. With the establishment of dedicated waqf institutions and partnerships with both government and non-governmental organizations, cash waqf has the capacity to meet urgent needs while advancing long-term development objectives. This study examines its mechanisms, implementation challenges, and role in poverty alleviation, underscoring its potential to strengthen economic resilience and transform the socio-economic landscape of marginalized communities in BARMM.

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