Abstract
Prior to the 15th century, when there was a shortage of money on the market, entrepreneurs, artisans, and other individuals faced a significant obstacle when it came to procuring resources for their investments or work. This lack of financial resources prompted people to develop new methods and institutions to address this issue. Over time, a variety of financial institutions sought to collect depositors’ excess assets and lend them to those in need at predetermined interest rates. These institutions were influenced by the religious convictions, customs, and traditions of the societies in which they existed. One of these institutions was Cash Waqf (CW). The CWs played a significant role in addressing the financial challenges encountered by entrepreneurs, artisans, and other individuals who struggled to obtain the necessary resources to pursue economic endeavors. The profits earned from
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