IOSR Journal Of Humanities And Social Science (IOSR-JHSS) Volume 23, Issue 2, Ver. 1 (February. 2018) PP 47-50 e-ISSN: 2279-0837, p-ISSN: 2279-0845. www.iosrjournals.org DOI: 10.9790/0837-2302014750 www.iosrjournals.org 47 | Page Cash Management Strategy in Muhammadiyah Organization (Case Study on Muhammadiyah Sumatera Utara) Yenni Samri Juliati Nasution 1 , Yasir Nasution 2 , Ahmad Qorib 3 1 Doctoral Candidate in Islamic Economics at UIN Sumatera Utara, North Sumatra, Indonesia. Lecturer at Faculty of Economic and Business, UIN Sumatera Utara, North Sumatra, Indonesia 2 Professor of Islamic Economics, Faculty of Islamic Economic and Business, UIN Sumatera Utara, North Sumatera, Indonesia 3 Professor of Islamic Economics, Faculty of Islamic Economic and Business, UIN Sumatera Utara, North Sumatera, Indonesia Corresponding author: Yenni Samri Juliati Nasution Abstract: This article tried examining the strategy of cash waqf management in Muhammadiyah organization based on the case studies muhammadiyah’s leadership Sumatrea Utara regio n . This study is conducted by combining the field and library research. Accordance with Analytic Network Process (ANP) results based on the priority scale explains that the strategy used in cash waqf management Muhammadiyah organization Leadership Sumatera Utara, the most priority is the socialization program. The main obstacle is from the internal side of human resources / Nadhir, while from the external side is from wakif, government, alternative investment. Finnaly, the solution given for overcoming the constraints of cash waqf management is investing cash waqf in shariah mutual funds. Keywords – cash waqf, organization, muhammadiyah. --------------------------------------------------------------------------------------------------------------------------------------- Date of Submission: 12-01-2018 Date of acceptance: 05-02-2018 --------------------------------------------------------------------------------------------------------------------------------------- I. INTRODUCTION Waqf in classical Islam history has very significant role in improving Moslem welfare in many sides. Waqf is also one potential resource social funds that closely related to human welfare in addition to zakat, infaq and shadaqah. The development of waqf in Indonesia began becoming dynamized in 2001, some practitioners of Islamic economics gave a new paradigm to society about the concept of cash waqf management to improve the human welfare. Then the Indonesian Ulama Council welcomed the concept by issuing the concept in fatwa allowing the money waqf ( Waqf al-nuqud). The Institutionalization waqf in Indonesia is spearheaded by Muhammadiyah pioneer, KH Ahmad Dahlan in the early twentieth century. The organization efforts of " Islamic Modernist “ collecting, managing, developing, distributing and utilizing zakat funds and other donations effectively and strategically have been realized in real charities of human development and social investment. Muhammadiyah's actual charity has produced 5775 Kindergartens, 5538 primary and secondary educational institutions, 166 colleges, 250 hospitals and clinics, 493 social service facilities (such as orphanages, nursing homes and others) and 10 public financial institutions spreaded throughout the archipelago. Based on the Minister of Religion decree Republic Indonesia Number 547, Executive of Central Muhammadiyah established LAZIS Muhammadiyah on September 16 th , 2002 and confirmed as National Amil Zakat Institute [1]. Especially Sumatra Utara, Cash waqf Muhammadiyah Sumatera Utara (GWMTSU) Movement begins with Muhammadiyah concerns about endowments owned by the Muhammadiyah Unity which doesn’t have any beneficial for human being. This happens because there is no special fund for developing it. Based on the cash waqf movement turned on becoming agenda of 10th Musyawarah (Musywil) in Pematang Siantar 2005. Then along with the development and progress of Muhammadiyah organization then it is formed the special institutions for managing and developing cash waqf in a special institution known as Amil Zakat institutions, Infaq and Cash Waqf (LAZISWA) Muhammadiyah Sumatera Utara [2]. Based on the dynamics presented above, this study tried examining how is the strategy of cash waqf management which is also one of instruments is money waqf, especially how the implementation and management of cash waqf in Muhammadiyah organization Indonesia, as well as analyzing the constraints and the solution.