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LinkAja launches Indonesia's first sharia e-wallet, backed by 1,000 mosques
LinkAja, which has more than 40 million users and 500,000 merchants nationwide, is aiming to attract 1 million users to its sharia feature in 2020.
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A woman shows electronic payment platform LinkAja on her smartphone. (tribunnews.com/File)
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lectronic payment platform LinkAja has officially launched Indonesia’s first sharia-compliant e-wallet payment app, which provides Islamic financial services and manages customers' balances in accordance with Islamic law.
LinkAja has forged cooperation with around 1,000 mosques and 242 zakat and waqf agencies to expand the use of the cashless app to a wide customer base, the platform’s sharia service division head Widjajanto Djaenudin said.
“Customers can use the sharia feature to pay for qurban [animal sacrifices], infaq [donations], Islamic boarding school tuition fees, waqf and to top up their balance through sharia banks,” he said in a teleconferenced press briefing following the official launch of the new e-wallet payment feature.
Through the sharia feature, customers’ funds are deposited at state-owned sharia banks, which include Bank Negara Indonesia Sharia, Bank Mandiri Sharia and Bank Rakyat Indonesia Sharia, to avoid interest charges, regarded as usury in Islamic law.
LinkAja, which has more than 40 million users and 500,000 merchants nationwide as of Tuesday, is aiming to attract 1 million users to its sharia feature in 2020 and to help develop Indonesia’s sharia digital economy ecosystem, LinkAja’s COO Haryati Lawidjaja said.
“Through our sharia service products, we are focusing on developing Indonesia’s sharia economic ecosystem. We hope to empower mosque-centered economic activities, digitalization at Islamic boarding schools and digital payment for zakat, infaq and waqf,” she said.
LinkAja also aims to expand its sharia feature to other Muslim majority countries once it has dominated the local market, Finarya’s president commissioner Heri Supriadi said.
