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The potential of Awqaf in Indonesia

The Arabic word Waqf (plural Awqaf) in English may be understood as an inalienable religious endowment, typically donating a building or a plot of land or even cash for Muslim religious or charitable purposes. According to Chapra (1992:301): “The institution of Awqaf...

Indonesian Islamic banking and micro-financial services

Mulyaman D Hadad, the chairman of the newly-created Indonesian Financial Services Authority (known locally by the acronym OJK), recently suggested that the Islamic banking industry in the republic should broaden fi nancial access to micro and small businesses in order...

Establishing a major Indonesian state-owned Islamic bank

The discussion on creating a major Indonesian Islamic state-owned bank has been taken to a whole new level in the last few months. Arising whenever the discussion on ways and means to increase market share of Islamic banking in Indonesia is brought to the table, this...

The development of the Islamic insurance industry in Indonesia

Currently, there are 43 Islamic insurance players in Indonesia. Six of them are fully-fl edged Islamic insurance companies and the remaining are Islamic windows of conventional insurance companies. Out of the six mentioned, two are Islamic life insurance companies...