REFORMULATION OF ALLAH’S OWNERSHIP ON WAQF (THEORETICAL ANALYSIS TOWARD SYĀFI’I SCHOOL)

Abstract

Waqf is the act of someone who holds some of his property and gives the benefits of the property. Waqf in Indonesia generally follows the opinion of the Shafi'i school that said the waqf property belongs to Allah. This opinion is not right in the Islamic ownership perspective which said that every property must be owned by humans unless it is specified by the Shari'a. This research is normative Islamic law research with the theory of ownership in Islam and the maslaha theory. This research found that Allah's ownership of waqf property needs to be reformulated to equate it to the theory of ownership in Islam and to be useful for human life. This reformulation is by establishing the legal entity as the owner of the waqf property because the legal entity can represent God's ownership.