In the disruptive era, cash-waqf has greater potential for humanitarian and economic development impacts. Therefore, this study aims to find the initiative of involvement of Muhammadiyah members in cash-waqf by analyzing their level of understanding of it. The primary data were taken based on the answers of registered members from many different backdrops of Muhammadiyah Charity Business in Yogyakarta. The method used in this study is a quantitative descriptive using the Multiple Linear Regression technique. The result showed that the involvement of Muhammadiyah members in the socio-religious organizations, their access to the mass-media and financial technology, their compliance to the religion, and their access to the Islamic institution are significantly influence the cash-waqf understanding. It means that the knowledge regarding cashwaqf has been sufficiently understood. Hence, Muhammadiyah communities are ready to participate in the implementation of cash-waqf in Yogyakarta. This paper is also strived to analyze the need of various cash-waqf literacies in innovating the waqf development for sustaining the benefits in the long-run. Keywords-Muhammadiyah cash-waqf, involvement in socio-religious organizations, mass media access and financial technology, religious compliance, institutional access