Deposits Can Be Temporary Cash Waqf
By : Wiyanto Dan Aldo Bella Putra | Monday, August 06 2018 - 16:30 IWST

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.
Read Also
Increased by 156%, The value of Chinese investment in Indonesia Will…
Innovation at the forefront of Hong Kong's 13th Business of IP Asia…
PHC Corporation Announces that Indonesia-based Life Science Equipment…
Trilliant to Focus on the Energy Transition, Grid Modernization and…
The 8th Maritime Silk Road (Fuzhou) International Tourism Festival…
Today's Industry

Rabu, 29 November 2023 - 20:06 WIB
President Jokowi Joins Tree Planting Activity in Pulogadung Industrial Area
President Joko “Jokowi” Widodo Wednesday (11/29) participated in the Joint Tree Planting Movement at the PT Jakarta Industrial Estate Pulogadung (JIEP) Forest in the Pulogadung Industrial…

Rabu, 29 November 2023 - 20:02 WIB
President Joko 'Jokowi' Widodo has called on people across the country to promote tree-planting movement as part of efforts to tackle climate change and global warming.
President Joko “Jokowi” Widodo has called on people across the country to promote tree-planting movement as part of efforts to tackle climate change and global warming. “This tree-planting…

Rabu, 29 November 2023 - 19:56 WIB
Intellectual Property Drives Technological Innovation to Address Climate Change
The Ministry of Foreign Affairs of the Republic of Indonesia and the Permanent Representation of Indonesia (PTRI) to the United Nations, World Trade Organization, and Other International Organizations…

Rabu, 29 November 2023 - 19:50 WIB
The Indonesian Team Outstanding Achievement at the Mining Emergency Response Competition (MERC)
In the Mining Emergency Response Competition (MERC) held at Langley Park, Perth (24-26/11), the INA Garuda Mine Rescue Team achieved remarkable success for Indonesia. The INA Garuda Mine Rescue…

Rabu, 29 November 2023 - 19:45 WIB
Minister of Trade and Deputy Minister of Foreign Affairs Meets Discussed the Progress of the IEU-CEPA Negotiations
Minister of Trade, Zulkifli Hasan received a visit from the Deputy Minister of Foreign Affairs, Pahala Mansury at the Ministry of Trade Office, Jakarta, Wednesday (29 Nov). The meeting discussed…
News Comment