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The institutions of 'waqfs,' that is foundations, stand before us as an intermediate option between collectivist and individualistic societies. These foundations provide for societal and individual needs in many areas including religion, education, finance, health, and infrastructure. One of the most important forms is the cash waqf, which acts as both a charity and financial intermediary and has evolved to become an option to today's conventional lending mechanism. Waqfs have historically solved the most important financial needs of the period by considering the sensitivities of the society. This study will discuss the potential solutions that the cash waqfs can bring to the problems that modern-day societies are currently experiencing in finance., Introduction In our global world, the economic problems caused by the modern economic mind do not only affect the country where the crisis emerges. As the rate of integration in [...]

1. Preamble In the wake of the 2007-2009 financial and economic meltdown, a lot of intellectual and practical work is being done in the area of monetary and economic reform. [...]