NewzThe Indonesian Ministry of Religious Affairs and the Jakarta Provincial Government are collaborating to launch a cash waqf (endowment) initiative targeting a total of Rp500 billion. The program is designed to mobilize financial resources through Islamic philanthropic instruments to support broader social and economic development goals within the capital region.
This initiative represents a strategic partnership between central and regional authorities to institutionalize cash waqf as a sustainable funding source. By formalizing this movement, the government aims to increase public participation in charitable giving while enhancing the management and distribution of funds for community welfare.
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