INDONESIA - WAQF - Indonesia Should Be Emulated For Creativity In Developing Endowment Land

www.bernama.com.my - SEPANG, May 17 (Bernama) -- Malaysia can emulate Islamic bodies in Indonesia in their creative development of endowment land despite financial constraints.

Minister in the Prime Minister's Department Datuk Seri Jamil Khir Baharom said they used endowment land for schools, universities and hospitals.

"We agree to study how they are able to develop the economy and Muslims in their spirit of volunteerism despite not being government agencies. (source)

INDONESIA - HALAL - Tatarstan wishes to have closer ties with Indonesia

www.thejakartapost.com - The Republic of Tatarstan aims to improve its relations with Indonesia as President Rustam Minnikhanov expressed his intention to visit Indonesia at the end of September to meet various economic, trade, industry and tourism stakeholders.

The intention was conveyed to Indonesian Ambassador to Russia, Djauhari Oratmangun, during a visit to the Tatarstan capital city of Kazan on Thursday, the Indonesian Embassy in Moscow said in a media statement sent on Saturday.

Minnikhanov emphasized Tatarstan’s intention to increase tourism cooperation with Indonesia.  (source)

INDONESIA - BANKING - Endowments Mandatory Managed Assets Through Islamic Financial Institutions

JAKARTA: Indonesia confirms Bank management and development of cash waqf property can only be done through investments in financial institutions products sharia or Islamic financial instruments.
Mulya E. Siregar, Director Directorate of Bank Indonesia Sharia Banking, explaining the requirement that a decision of the Minister of Religious Endowments Board after consideration of Indonesia and related agencies.
"The management and development of waqf property made money also follow the provisions of Islamic bank deposit guarantee institution according to the legislation," said Mulya E. Siregar in a workshop on Management of Endowments Opportunities for Empowerment of Micro and Small today.  (source)

INDONESIA - OPINION - Fence in "House of God" by Endowments (Waqf)

pkesinteraktif.com - By Abdullah Ubaid
Mahsiswa Islamic Economics Graduate Program of UIN Jakarta.

Not just as a place of prostration, as meaning harfiyahnya, mosques in Indonesia is the center of socio-religious activities. In fact, Prophet Muhammad, 14 centuries ago, made the mosque as a center of government, military bases, educational centers, and also the living prisoners of war. Thus revealed Ismail Raji al-Faruqi, Palestinian origin Islamic cultural experts. Therefore, the main anchor tub mosque Muslims. If the anchor was tampered with, the people were acting. This phenomenon is the recent public attention, the controversy about the eviction of the house of Worship.  (source)

INDONESIA - ARTICLES - Indonesia: Synergy of Islamic finance and SMEs

ANY SETIANINGRUM discusses why Islamic banking and financing products must be able to take a major role in the development and strengthening of the small and medium-sized enterprises in Indonesia.

Islamic banking in Indonesia provides financing to small and medium-sized enterprises (SMEs) which are a mirror of the economy of the majority of the people. Thus improving the welfare of SMEs is a community effort. In the Islamic economic system, moral values and ethics is an inherent value and it cannot escape the moral responsibility and ethics. (full story here - 19-Oct-2011- Volume8.Issue41)

INDONESIA - WAQF - Urgency Empowerment Synergy in Endowments

Since 2005, the Ministry of Religious Affairs has been promoting productive endowments empowerment program of assistance by way of having money to nadzir waqf land in strategic locations and have productive endowments programs. The amount of aid each project varies between 100 million s / d 2 billion dollars. (source)

INDONESIA - BANKING - Sharia Bukopin Target Endowments USD 1.1 Billion

REPUBLIKA.CO.ID, JAKARTA - Bank Syariah Bukopin target capable of collecting cash waqf USD 1.1 billion by the end of 2011. According to the Director of Syariah Bukopin, Riyanto, this time his side has been able to collect the cash waqf Rp 900 million.

Cooperation with the group''will continue to do,''he told reporters on Monday (15 / 8) night. In addition to Bukopin, he said Sharia Bukopin also works closely with the Baitul Maal Bukopin. (source)

ARTICLE - The Economic Significance of Waqf: A Macro Perspective

The economic significance of waqf : a macro perspective

Mochammad Arif Budiman

State Polytechnic of Banjarmasin, Indonesia; International Islamic University of Malaysia (IIUM) - Faculty of Economic and Management Sciences

Dimas Bagus Wiranata Kusuma

affiliation not provided

8th International Conference on Tawhidi Methodology Applied to Microenterprise Development, January 2011

Abstract:     

There has been an accusation among few scholars blaming that the institution of waqf could not any longer perform its economic role in the modern times. To them, instead of being a vital institution as it was at pre-modern era, waqf nowadays seems to be an impediment to the development in most of Islamic countries. This paper however is meant to clarify such an accusation and attempts to point out the economic significance of waqf in the context of modern economy. (download)

ARTICLE - The Role of Waqf for Environmental Protection in Indonesia

The Role of Waqf for Environmental Protection in Indonesia

Mochammad Arif Budiman

State Polytechnic of Banjarmasin, Indonesia; International Islamic University of Malaysia (IIUM) - Faculty of Economic and Management Sciences

Aceh Development International Conference (ADIC), Kuala Lumpur, March 26-28, 2011

Abstract:     

Indonesia is now suffering from critical environmental problems. These heavy problems obviously need to be surmounted and appropriate solutions should be taken in order to reduce further potential calamities. Waqf as a charitable institution in Islam is expected to play its significant role to carry out environmental protection and therefore to ensure a more sustainable development in the country. This paper tries to elaborate potential of waqf institution for environmental protection and to reveal advantages and benefits of making waqf a means for environmental protection.(download)