Remodeling Qard Hasan with Cash Waqf Fund : Economic Stability Solution Post Covid-19

This paper aims to innovate the existing financing model in Islamic Banking, with the combination of two instruments which are Cash Waqf and Qard Hasan. This study adopted content analysis as a tool to remodel Qard Hasan (QH) by highlighting Cash Waqf (CW) as a source of funding mechanism to facilitate B40 and M40 households in Malaysia. This model aims to provide an alternative for personal financing during the economic crisis and particularly post- Covid-19. QH via CW model was developed with strict Standard Operating Procedure to ensure stability to the targeted parties. Moreover, when the chance to borrow is easy, the purchasing power will increase, and the economy will be boosted.