Photo: A man paying zakat in Medan, Jakarta, in 2018. Adil Armaya / Shutterstock.com

Islamic Finance

Indonesia digitising Islamic social finance payments for mosques and cooperatives to better manage, distribute funds


JAKARTA - Indonesia’s government will digitise the traditional sadaqah donation system used by mosques, and develop a digital platform for zakat and waqf payments to help Islamic finance cooperatives better manage and distribute funds.

The digitisation of mosque sadaqah giving, which will use a QR code technology owned by state-owned digital payment system LinkAja, will start in August at the earliest, Ventje Rahardjo, executive director for the National Committee for Islamic Finance (KNKS), told Salaam Gateway.

“With the payment system we will replace cash donations at (physical) charity boxes,” said Rahardjo.

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tags:

Fintech
Islamic social finance
Sadaqah
Waqf
Zakat