ISEF 2017, Global Wakaf Participates in Intensifying Productive Waqf Education

ISEF 2017, Global Wakaf Participates in Intensifying Productive Waqf Education

ACTNews SURABAYA – In the last few decades, sharia economy has been playing a major role in the development of Indonesia, a country with the world’s largest Muslim population. Due to its essential role in pushing an inclusive and excellent economic development, its advancement needs to be taken seriously.

The echo of sharia economy and development was heard in Indonesia Sharia Economic Festival (ISEF) 2017. The largest and most advanced event of Sharia economy and finance hosted by Bank Indonesia (BI) was held for four days, from Tuesday (7/11) to Saturday (11/11) in Surabaya.

In its fourth time, this ISEF 2017 event included a discussion forum and festival where every stakeholder of sharia economy took part. In these two main activities, various recent studies and best practices in Sharia economy, as well as the development of Sharia-based MSMEs (Micro, Small and Medium Enterprises) were comprehensively discussed.

Among the topic was productive waqf practices in the development of the sharia economics. Through several productive waqf seminars in this event, the education about productive waqf was intensified. Global Wakaf Foundation (GWF) and Global Wakaf Coorporation (GWC) took part in this waqf education session.

During the International Seminar of Waqf Management and Development, Bank Indonesia Deputy Governor Rosmaya Hadi stated that, as a country with the world’s largest Muslim population, Indonesia has a great waqf potential. “Unfortunately, the (waqf) assets haven’t been optimally used,” he added.

Meanwhile, J.E. Robbyantono, GWC Business Director and Indonesia Waqf Board(BWI) Commissioner, also highlited the lack of optimization of waqf practices in Indonesia. From the current waqf potential, approximately 60 trillion Rupiah, only 185 billion has been realized into productive waqf assets.

“While in Islam, wealth needs to be made productive instead of merely being saved. The perfection of the flow of funds or assets lies in productive waqf practices whose benefits can be enjoyed by the whole society,” explained Robbyantono.

He then underlined the lack of understanding of many Indonesians regarding waqf, where the donated wealth will be rewarded with the promise of paradise and wider social benefits. According to him, it could be because the society as the future endowers have not seen the real impact of waqf practices.

According to him, among the ways to convince the society to do waqf is by demonstrating the concrete benefits of waqf. Global Wakaf has been working with Aksi Cepat Tanggap in distributing the benefits of waqf in the forms of humanitarian aid in areas afflicted by conflicts and natural disasters, as well as several community empowerment programs demonstrated to the endowers and the public.

“If the endowers can see the real benefits of their waqf, they will believe the positive impacts of waqf more,” added Robbyantono.

Not only giving waqf education through the seminars, Global Wakaf also introduced waqf though the 2017 ISEF sharia economy festival. The attendees of the festival, from students to sharia economy activists can know further about productive waqf by visiting the Global Wakaf stand in that event. []  

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