This article seeks to examine the strategy of managing cash waqf in the organization of muhammadiyah of muhammadiyah region of north sumatera. This study was conducted by combining from field research and library research. Referring to the results of the Analytic Network Process based on the priority scale explains that the strategy used in the management of cash waqf in the organization of Muhammadiyah Leadership Area Mumammadiyah North Sumatra, the most priority is the socialization program. The main obstacle is from the internal side of human resources / Nadhir, while from the external side comes from wakif, government, alternative investment. In the end, the solution given in overcoming the management constraints of cash waqf is investing cash waqf in shariah mutual funds.