Role of Money Waqf and Its Contributions in Minimizing Government and External Debt Poverty in Indonesia

Waqf is known in Islam as the Jariyyah charity worship that will be carried out after the death of a Muslim, but in this study, the writer discusses that waqf not only contributes to the worship of Islam alone even for the benefit of a country where it can prosper the Indonesian people to pay the country's debt. In 2019, the Government has established a Sukuk cash waqf link in cooperation with 2 Islamic banks, Muamalat Bank and BNI Syariah Bank, both banks collect funds from the public in the form of certified cash waqf. This is certainly very beneficial for the State of Indonesia where every Muslim and non-Muslim who has excess or no excess assets makes cash waqf at the bank. In this study, the authors explain the important role of cash waqf or money waqf which is very different from previous research. In this study, there are several important roles of waqf money in minimizing government foreign debt and minimizing poverty that occurs in Indonesia.