The important role of waqf as a source of funds and low Muslim’s awareness on cash waqf collectionversus it potential cash waqf in Indonesia push this study. This study aims to determine the level ofunderstanding of the Muslim societies in Surabaya on cash waqf and the factors that influence it, eitherinternal or external factors. Descriptive statistics, Z test, and multiple regression analysis are used for primarydata collected by distributing questionnaires to the Muslim societies in Surabaya. The results show that themost Muslim do not understand cash waqf. The level of understanding is influenced by by internal andexternal factors. The internal factor is knowledge of religion and the external factor is access to informationmedia. To improve understanding of the Muslim societies about cash waqf needs to increase religiousknowledge and access to information media, either print or electronic media.

Abstract. The Implementation and Legality Review of Movable Treasure Endowments in Indonesia: Endowments of Money and Shares. Endowment or Waqf is a non-market wealth distribution methods alongside zakah, infaq, and sadaqa. Particularly in Indonesia, waqf practice is identical with fixed asset donation notably land and building. The utilization of most waqf asset in Indonesia is not economically productive, such as mosque and cemetery. The aims of this study are to analyze the precept of cash and share waqf and its implementations. This study is classified as a literature review with qualitative approach. A Meta-synthesis method is applied as analyzing tools. Results shows that most Islamic scholar allow cash and shares to be used as waqf object. Both cash and share waqf can be implemented into two models. Cash waqf can be implemented as mutual fund or converted into other fixed asset. While share waqf implementation can be done through corporate waqf and individual share waqf. Abstrak. Kajian Hukum dan Implementasi Wakaf Harta Bergerak di Indonesia: Wakaf Uang dan Saham. Wakaf adalah metode distribusi kekayaan non-pasar bersama zakat, infaq, dan shadaqah. Khususnya di Indonesia, praktik wakaf identik dengan sumbangan aset tetap, terutama tanah dan bangunan. Pemanfaatan sebagian besar aset wakaf di Indonesia tidak produktif secara ekonomi, seperti masjid dan pemakaman. Tujuan dari penelitian ini adalah untuk menganalisis kas dan share wakaf dan implementasinya. Penelitian ini diklasifikasikan sebagai tinjauan pustaka dengan pendekatan kualitatif. Metode Meta-synthesis diterapkan sebagai alat analisis. Hasilnya menunjukkan bahwa sebagian besar ulama Islam mengizinkan uang tunai dan saham untuk digunakan sebagai objek wakaf. Baik kas dan share wakaf dapat diimplementasikan ke dalam dua model. Wakaf uang tunai dapat diimplementasikan sebagai reksadana atau dikonversi menjadi aset tetap lainnya. Sedangkan pelaksanaan wakaf saham dapat dilakukan melalui wakaf korporat dan wakaf saham individu

Zakat has known as one of the vital instrument in economic that holds some benefits for increasing aggregate demand, expanding job opportunities, reducing poverty and triggering economic growth. As one of the large cities in East Java Province, Malang has a potential issue through commerce zakat which most of the people's livelihood engaged to and composition of regional income (PDRB) is dominated by a commerce sector. On the other hand, it is not supported by the real condition in the field that shows the opposite compared to the low percentage of commerce Zakat payer. Based on the reason, the author is triggered to investigate and to elaborate the complexity of Moslem's decision in performing commerce zakat payment. This research relies on Multistage Sampling Method involved 100 participants by taking location at Malang. Furthermore, the accumulated data field is analyzed through Logit Method to identify the influential factor of the decision in Zakat payment. Processed data binary logit regression determines the most influential factor of Moslem's decision in performing commerce zakat payment in Malang which relies on the level of income and their knowledge about Zakat's scheme. According to this result, businessmen or traders who have high income level and moderate comprehension of laws, percentage, extrapolation, nisab, and paying period of commerce zakat have bridged up into a higher probability to perform commerce zakat. Whereas level of age, formal education, non-formal education, motivation, availability of Amil Zakat Institution (LAZ) and business period do not affect the decisions.

This paper analyzed the behavior of muzakki (zakat contributor) in Indonesia in selecting zakat methods. In the Prophet and Khulafa 'al-Rasyhidin era, muzakki paid zakat to zakat officer either for apparent or non-apparent property. However, in Uthman b. Affan era, it was different. The question is how muzakki in Indonesia pay zakat for their property? Using descriptive statistics, Pearson Chi Square and Contingency Coefficient test, the main findings reveal that zakat is paid through three methods – directly to mustahiq, through zakat institution and combination of both methods. Muzakki prefer mosque than formal zakat institutions, Badan Amil Zakat (BAZ) and Lembaga Amil Zakat (LAZ). The methods selection to pay zakat is significantly associated with monthly income, education and age. Zakat payment through BAZ and LAZ is mostly carried out by muzakki who have high monthly income, high level of education, and at young age.

This article aims to analyze the effect of zakat directly and indirectly on household consumption of mustahik. The approach of this research is quantitative. Data obtained from 50 mustahik (receiver of zakat) BAZNAS Probolinggo Municipality with Proportional Random Sampling method and analyzed by Path Analysis. The results showed that zakat and the number of household members directly and indirectly affect the household consumption of mustahik. Furthermore, household income as an intermediate variable also affects the household consumption of mustahik, whereas education and age have no effect on the household consumption of mustahik, either directly or indirectly.Keywords: Poverty, Consumptive Zakat, Productive Zakat, Household Consumption, BAZNAS Probolinggo Municipality.