This study uses a descriptive qualitative method. Data collection comes from interviews with parties who are tied to the management of Cash Waqf Linked Sukuk (CWLS), especially the SW001 series at the Indonesian Waqf Board (BWI) as well as collecting data and reviewing various written sources related to CWLS practices at BWI). The results of this study indicate that: First, the practice of managing the CWLS SW001 program which involves stakeholders, one of which is the Indonesian Waqf Board as the sole nazhir wherein the nazhir invests the cash waqf using a mudharabah contract to issue SBSN by the ministry of finance in a private placement so as to channel the use of investment returns in the form of discounts. and compensation for the construction of the Achmad Wardi Eye Hospital in Banten. The results are collected and placed in CWLS for the purpose of developing new waqf assets (renovation and purchase of medical equipment, community services such as free cataract surgery and procurement of ambulances. Second, the influence of CWLS SW001 on community welfare is the achievement of CLWS in the form of health services (retinal devices and glaucoma). ) at the Achmad Wardi Eye Hospital is very helpful for the people around Banten. Given the very high cost of health operations and the returns obtained through CWLS as a form of financial recovery during the COVID-19 pandemic, CWLS has a significant effect on the welfare of the community.