uhammadiyah is one of the organizations that initiated the development of cash waqf in West
Sumatra. This institution experienced many obstacles because cash waqf is a new thing in society.
People's understanding of waqf objects so far is in the form of objects that are not used up. This
study aimed to explore the West Sumatra Muhammadiyah cash waqf's productivity to develop sharia
investment and micro, small and medium enterprises in Padang. This research is a field research
study with a qualitative approach. The data is in the form of primary data obtained through in-depth
interviews with selected informants through snowball sampling—secondary data as supporting data
to complete information and theory about cash waqf. Data analysis used an interactive model of
qualitative analysis with data reduction, data presentation, verification, and conclusion. The
findings of this study indicate that the productivity of cash waqf carried out by the West Sumatra
Muhammadiyah Cash Waqf Board is in the form of capital investment and work (business).
However, development in the form of work or business has not been fully implemented. This is not
due to constraints in development efforts but in the productivity of micro and small businesses
caused by unprofessional management and the lack of other development models that are more
appropriate to make the business productive for each of the various productive investment units.
Investments that are made and can produce waqf funds are more in the form of capital investment
than work investment.
Keywords: Cash waqf; Investment; Muhammadiyah; Productivity.