Waqf as Method of Mobilizing Funds in Indonesia...Waqf as Method of Mobilizing Funds in Indonesia...
Transcript of Waqf as Method of Mobilizing Funds in Indonesia...Waqf as Method of Mobilizing Funds in Indonesia...
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ASEAN INSIDERS by origin and passion
Waqf as Method of Mobilizing Funds in Indonesia
Dr. Akhmad Affandi Mahfudz Director Zahir Syariah Indonesia
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Waqf: The Neglected Instrument in Mobilizing the Funds
WAQF
The establishment of Waqf Bank
Poor literacy: Waqf means only for land
Not effective funds for the
destitute
Waqf aimed for social and
no benefit
Small contribution
from corporate
Small project financing
from waqf funds
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Current State of Waqf in Indonesia
435,768 Certificates USD320,547
102 Nazhir of Qash Waqf
15 Nazhir of IFI
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The Untapped Potential of Waqf in Indonesia
USD 220,600
USD 6 Billion
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The Impact of Waqf in Mobilizing the Funds
• Investment - investing for both a financial return and a
social return
• Social banking – investing deposits in social enterprises
• Charitable banking - banking with a specific focus on the
needs of charities
• Championing Financial Inclusion - Providing banking
services and advice to financially excluded individuals
• Crowdfunding platforms for funding social ventures
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Mobilizing Waqf Funds for Project Financing
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