The purpose of this paper is to analyze the role of Islamic banks as providers of<br />Islamic wealth management product in relation with the enhancement of waqf funds.The<br />authors use qualitative research that refers to the meanings, concepts, definitions,<br />characteristics, metaphors, symbols and descriptions of the matter understudy by employs<br />content and descriptive analysis in order to get finding of the study. The data collection<br />is generated from Islamic sources: Qur’an, Sunnah and some Islamic literatures, and<br />other sources such as books, journals, report documents, magazines and articles from<br />internet. These sources will be put in to coding and analyzed to answer the research<br />problem of study. The role of Islamic wealth management is not only focusing on worldly<br />investment helping the clients’ need, but also hereafter investment. One of the instruments<br />of wealth distribution that can be used for hereafter investment is waqf that helps the<br />clients’ wealth to obtain blessing (barâkah) of Allah. By waqf, Islamic wealth management<br />instrument can accomodate all models of waqf funds from cash waqf, insurance waqf,<br />corporate waqf, etc. There are three options to of putting their wealth in waqf funds,<br />they are: (i) family waqf, (ii) public waqf, and (iii) combination of waqf. All benefits of<br />these waqf can contribute the the development of ummah. This paper is one of the very<br />few conceptual studies concerning the practice of Islamic banking in implementing the<br />product of wealth management for social purposes which is enhancement of waqf funds<br />for the benefit of ummah.