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Jakarta Post

Correct inaccuracies on waqf in sharia economy

  • Fahmi M. Nasir and Hidayatul Ihsan


Kuala Lumpur/Padang   /   Wed, June 19, 2019   /  02:46 pm
Correct inaccuracies on waqf in sharia economy In Indonesia, waqf revival has been very significant in the past decades after the consolidation of regulation and bureaucratic procedures in the waqf sector in the form of Law No. 41 of 2004 on Waqf and the establishment of the Indonesian Waqf Board (BWI) in 2007. (Shutterstock/File)

The 2019-2024 Indonesian Sharia Economy Master Plan (MEKSI) was launched on May 14 by President Joko “Jokowi” Widodo. The final goal of this master plan is to transform Indonesia into a major player in the sharia economy. This will be achieved by implementing four main strategies such as empowering Indonesia’s halal value chain, strengthening the sharia financial sector, enhancing the role of micro, small and medium enterprises and utilizing and empowering the digital economy. National Development Planning Minister Bambang Brodjonegoro in his opening remarks said in preparing the master plan, the government had coordinated with regulators at ministerial and institutional levels and had received many inputs from practitioners in the industrial sectors, academia, associations and other stakeholders. We can thus assume the master plan is of the highest quality. Howev...

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