All this time, the people’s perception of waqf is that it only allows land asset donation, while it actually [...] could be paid with cash or securities.
Jakarta (ANTARA) - Vice President KH Ma'ruf Amin proposed the National Cash Waqf Movement (GNWT) to increase public participation in waqf, charitable endowment in sharia law, for larger social fund accrual to expedite development and boost public prosperity.

"I have discussed this with the president, and he approved that we are going to run the National Cash Waqf Movement that will later be launched with the involvement of Muslims officials," Amin stated during the virtual celebration of National Santri (Islamic students) Day 2020 on Thursday.

Amin, concurrently a Muslim preacher from the Islamic organization Nahdlatul Ulama, emphasized that waqf, apart from its objective of social funding, might as well become an endless virtue of alms.

"Waqf will always continue to grow, as it is invested as the great endowment fund of Muslims. This is for the development of our social fund," he stated while calling to improve Muslim literacy on waqf to realize this movement.

Amin pointed to several surveys that indicated Muslim literacy on waqf remaining in low category, with an index number of 50.48 percent, while for zakat, mandatory alms for Muslims, the index number had reached 66.78 percent in the average category.

"All this time, the people’s perception of waqf is that it only allows land asset donation, while it actually [...] could be paid with cash or securities," Amin pointed out.
Related news: Govt allotted Rp2.6 trillion for pesantren economic recovery program

Related news: Santri Day commemoration expected to offer momentum to maintain unity

EDITED BY INE

Translator: Fransiska Ninditya, Suwanti
Editor: Fardah Assegaf
Copyright © ANTARA 2020