Indonesia to issue waqf-linked sukuk for West Java hospital facility
JAKARTA - Indonesia’s government will issue a waqf-linked sukuk to finance a facility at a hospital in West Java, Imam Teguh Saptono, vice chairman of Badan Wakaf Indonesia told Salaam Gateway.
The sukuk will be issued in the fourth quarter at the earliest, with an indicative amount of 20 billion Indonesian rupiah ($1.4 million) to 50 billion rupiah.
Cash waqf is a form of trust fund set up with money to primarily support charity services. The upcoming cash waqf-linked sukuk will benefit the Ahmad Wardi Eye Hospital retina center facility.
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