T This study aims to examine the practice of program-based cash waqfmanagement at wakaf salman itb and dompet dhuafa, focusing on theaspects of fundraising, management, and distribution in supporting theholistic empowerment of converts to islam (mualaf). it further analyzes andsynthesizes the program-based cash waqf management models implementedby these two institutions to formulate a conceptual recommendation modelthat can be adopted by mualaf centers. in addition, this study identifies theopportunities and challenges of implementing cash waqf as a financinginstrument for mualaf empowerment in indonesia.this research employs a qualitative approach using a case study methodinvolving two islamic philanthropic institutions, namely wakaf salman itband dompet dhuafa. the data were analyzed using a descriptive-analyticalapproach to describe the practices of program-based cash waqfmanagement, particularly in supporting mualaf empowerment programs.furthermore, a conceptual synthesis was conducted to develop a program-based cash waqf management model that can be adopted by institutionsengaged in mualaf empowerment. the findings reveal that both institutionsutilize cash waqf primarily to finance the development of physicalinfrastructure, such as mosques and residential facilities. meanwhile, theempowerment programs implemented by both institutions arepredominantly funded through zakat and remain largely oriented towardspiritual and social development. this study is expected to contribute to thedevelopment of the islamic economics literature, particularly regarding theutilization of cash waqf as a sustainable financing instrument for theempowerment of vulnerable groups.