Photo for illustrative purposes only. Men praying in Jakarta, Indonesia, on JAKARTA, Indonesia. April 18, 2017. Creativa Images / Shutterstock.com

Islamic Finance

Indonesia’s top Muslim clerical body launches 1 trln rupiah waqf-based fund for new office building


JAKARTA - The Indonesian Ulema Council (MUI) has launched a new waqf-based mutual fund of 1 trillion Indonesian rupiah ($70.8 million) to finance the purchase of its own new building, Lukmanul Hakim, its head of economy division told Salaam Gateway.

Continue reading

Free, in under 30 seconds

Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.

Joined by 12,000+ Islamic economy professionals
  • 5 free articles every month
  • Weekly Islamic-economy newsletter
  • Save articles to read later

tags:

Endowment
Fund
Waqf