Evaluating the Cash Waqf Contributions towards Sustainable Development in Cash Waqf Institutions in Indonesia During 2011-2020

The contribution of waqf practice and development based on history is questionable. Meanwhile inequality is a real social problem and must be addressed. As earlier research did not review the empirical studies of Cash Waqf implementation, this paper utilises the sustainable development theoretical framework and Sustainable Development Goals (SDGs) in three key domains: Poverty Alleviation; Good Health and Wellbeing; and QualityEducation - to evaluate the ethical and social performance of Cash Waqf Institutions with an empirical approach. This research analyses the determining factors of the disclosure performance using data panel analysis from the annual report of enlisted 16 Cash Waqf Institutions in Indonesia during 2011-2020. A content analysis technique is used to evaluate the ethical and social performance of the sample. The findings show ‘Quality Education’ as the main focus of the Cash Waqf fund for this sample group during period of investigation. Analysis established that within the ‘Good Health and Wellbeing’ SDG domain, its corresponding indicators lacked any substantial prioritisation from the Cash Waqf allocation fund. n Lessons learnt from this study could be directed towards Cash Waqf Institutions, Government bodies, trustee boards, and future research related to Cash Waqf in Indonesia.