摘要：There is a gap between the potency and real data of cash waqf raising in Indonesia. Hence, an effective strategy is needed to develop the potential of cash waqf. This research aimed to analyze whether the Islamic Bank can be an alternative to the institutional development of cash waqf in Indonesia (Nazhir) and analyze the strategies needed to optimize the cash waqf management. This research used descriptive quantitative and qualitative approaches based on literature studies, observation, and questionnaires by using an analytical network process (ANP) method. The alternative selection of cash waqf management strategy through competent and professional Nazhir is determined by five criteria; including Accountability, Product, Human Resources, Regulation, and Network. In Nazhir selection’s analysis in optimizing cash waqf management, these five criteria have an important role in accordance with their respective functions to produce management strategies and cash waqf development through competent and professional Nazhir. The results showed that Islamic Banking is the most recommended Nazhir in determining the potential strategy of cash waqf development with the highest weighted score. Accountability is the most influential criterion in determining the cash waqf development strategy with professionalism in management as the most influential sub-criteria.
