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Jakarta Post

New hope for development of waqf

  • Yunice Karina Tumewang and Ebi Junaidi

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PREMIUM
Yogyakarta   /   Tue, December 19, 2017   /  11:27 am
New hope for development of waqf Muslims pay zakat fitrah alms at Istiqlal Mosque in Jakarta. During Ramadhan, Muslims are obliged to pay the special alms that will be distributed to those in need. (JP/Seto Wardhana)

In late November this year, President Joko “Jokowi” Widodo inaugurated 27 members of the Indonesian Waqf Board (BWI), with former communication and information minister Mohammad Nuh being elected as the chairman of the board. The appointment of the board’s members marked the beginning of a new journey of waqf development in Indonesia that is full of great opportunities and potential for an Islamic endowment. It brings new hope to accelerate the role of waqf in improving the welfare of the people. The BWI is an independent state agency established under Law No. 41/2004. Its task is to develop and promote endowment funds in Indonesia. The BWI will not take over the endowment assets that had been managed by existing nāzir (waqf asset managers). Instead, it is expected to guide and ensure that those assets can be better managed so that they can provide a greater b...

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