ABSTRACT
Among the social institutions that exist in Islam, waqf has played a very important role in developing the support for the development of waqf in the country through the Waqf Law. In economic terms, waqf is a means to distribute assets in such a way so as to allow economic prosperity to be enjoyed by the general population. Shares as a waqf object, in the study of Islamic jurisprudence, are associated with waqf cash are included in the category of movable objects. The proposition used to develop shares as waqf is strongly related to the purpose of public interest. The legal arguments of permissibility are based on Mashlahāh mursalah and isthishan. On the basis of Mashlahāh mursalah, waqf of shares bring benefits for the people. The establishment of shares as a waqf object in Indonesia is based on the Waqf Law and the Principles of Sharia. The comparison with the situation in a number of countries has found that waqf share is a part of the development of monetary waqf. Waqf Shares can be made as an effective and sustainable model of CSR. This would be more in line with the expectation attached to the development of waqf in a professional and integrated manner in accordance with the corporate culture and values.
