Deposits Can Be Temporary Cash Waqf

By : Wiyanto Dan Aldo Bella Putra | Monday, August 06 2018 - 16:30 IWST

Ilustrasi Rupiah (ist)
Ilustrasi Rupiah (ist)

INDUSTRY.co.id - Depok - From the Community Service Program (Pengmas) at the University of Indonesia (UI) revealed, the potential for temporary cash waqf using deposits.

Dr. Umanto, one of the program teams said, the potential of waqf is also found in deposit funds in banks that can be temporary waqf with the results given at Nazar, when the contract expires, the profit sharing returns to the deposit owner.

According to him, the cash waqf investment management is in accordance with the amount of waqf funds available so that the amount of investment allocated is also limited.

"For money waqf, investment options are allocated to providing working capital for small businesses. Allocation of money waqf can also be used for assets that are social, unproductive. This is called waqf through real money," he said in Jakarta, Monday (6 / 8/2018).

He stressed. The use of deposits as temporary waqf has been carried out in various countries, for example in Malaysia. There Islamic banks compete in marketing this product because it adds social value and for Islamic banks there is no negative impact, on the contrary. There needs to be support from Islamic banks in Indonesia to develop cash waqf programs with this deposit basis.

"In addition, the security of this model is very good because those who can disburse fixed deposit owners," he said.

News Comment

Today's Industry

Presiden Jokowi (Foto Setkab)

Minggu, 19 Agustus 2018 - 23:25 WIB

President Jokowi: 2018 Asian Games Become an Important Moment of Peace

President Joko Widodo (Jokowi) received an honorary visit from the Prime Minister (PM) of South Korea (South Korea) Lee Nak-Yon and Deputy Prime Minister of North Korea (North Korea) Ri Ryong…

SOE Minister Rini Soemarno

Minggu, 19 Agustus 2018 - 23:22 WIB

Bogor Station Should Be Revitalized Immediately

SOE Minister Rini Soemarno wants revitalization of the Bogor Station to include additional parking spaces and other facilities that can be started this year.

Illustration of Infrastructure Development (Ist)

Minggu, 19 Agustus 2018 - 23:18 WIB

Entikong Border Infrastructure Development Increases Economic Movements

Ministry of Public Works and Public Housing (PUPR) has completed the construction of phase one of the 7th National Cross-border Post (PLBN). At present, the Ministry of Public Works and Public…

Jamkrindo

Sabtu, 18 Agustus 2018 - 23:30 WIB

Thousands of People Enliven Jamkrindo Healthy Walk

Gorontalo - Thousands of people enliven the 5 kilometer healthy walk to commemorate the 73rd Anniversary of the Proclamation of Independence of the Republic of Indonesia held by Perum Jamkrindo…

Dirut BTN Maryono (Fot Rizki Meirino)

Sabtu, 18 Agustus 2018 - 23:00 WIB

The economy starts to stretch, Bank BTN is ready to expand in Bengkulu

Jakarta - PT Bank Tabungan Negara Tbk (BBTN) or Bank BTN is ready to expand in Bengkulu province as economic growth begins to wriggle in the area because the demand for subsidized housing loans…