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'Waqf' the next best thing in finance

  • Ebi Junaidi
    Ebi Junaidi

    School of Economics lecturer at University of Indonesia

Durham, England | Tue, February 28, 2017 | 05:19 pm
'Waqf' the next best thing in finance Personal touch: A teller serves a customer at the sharia lender Bank Syariah Bukopin's head office in Central Jakarta on Feb. 7, 2017. (JP/Dera Menra Sijabat)

PREMIUM Bank Indonesia (BI) announced recently its plan to issue waqf (Islamic endowment) based bonds as a social welfare mechanism to support struggling commercial assets. The Indonesian Muslim Intellectual Association (ICMI) will also launch the very first waqf venture bank this June. Can waqf become next best thing in Islamic finance? Islamic economics and finance projects initiated in the early ...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.