NewsBank Danamon Syariah Cash Waqf Service

Bank Danamon Syariah Cash Waqf Service

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As the Ministry of Religion has officially appointed Bank Danamon Indonesia as one of the Sharia Financial Institutions to Receive Cash Waqf (LKS-PWU), the Sharia Business Unit of Bank Danamon Indonesia recently launched a digital based cash waqf distribution service through socialbanking.id application, a sharia financial technology.
 

On the virtual launching, President Director of Bank Danamon Indonesia, Yasushi Itagaki mentioned, “The appointment of Danamon Syariah as LKS-PWU is in-line with the company’s mission to encourage people to support the Indonesian economy through waqf activity. This muamalah activity brings the spirit of social development for a better economy especially to the community.”

Danamon Syariah will work with digital partners to facilitate the payment of cash waqf through the Bank Danamon branch application. This program is suitable for millennials, who are familiar with digital technology.

This cash waqf payment will later use Bank Danamon’s digital infrastructure. Yasushi added, “Only by using a smartphone, this cash waqf can be done at anytime and anywhere, even starting from the amount of 10,000 rupiah, anyone can contribute.”