JAKARTA - The government, through the Ministry of Finance, is targeting to build a number of infrastructure facilities worth Rp. 597 billion from waqf funds.
Minister of Finance (Menkeu) Sri Mulyani said that the total waqf money that had been collected until December 2020 amounted to IDR 328 billion. This amount is an accumulation of community funds deposited in a number of banks receiving waqf funds.
In addition, the Minister of Finance also emphasized that Rp. 54 billion was an allocation from Cash Waqf Linked Sukuk (CWLS). Meanwhile, CWLS itself is a new instrument issued by the Ministry of Finance, in which the yields obtained are used to finance various social programs.
"Given the amount and enthusiasm of community participation in waqf, stakeholders or stakeholders will develop cash waqf management to strengthen the Islamic Social Safety Net," he said Monday, January 25.
Sri Mulyani added that efforts to encourage the sharia system to play a more role in the economy are aimed at creating a sustainable sharia ecosystem. Then, the Minister of Finance also said that the rapid economic and financial sectors of sharia, the Islamic social funds sector which includes zakat, infaq, shodaqoh, and waqf are also potential and strategic parts to be developed.
"Through trustworthy, transparent and professional management, cash waqf and waqf-based financial instruments can help accelerate national development and improve people's welfare," concluded Sri Mulyani.
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