Indonesia to issue waqf-linked sukuk to finance home construction for earthquake victims
JAKARTA - Indonesia’s government will issue a waqf-linked sukuk on October 14 to build affordable homes for victims of the recent earthquakes in Lombok and Palu, Nanda Putra Setiawan, executive director at waqf institution Wakaf Al-Azhar, told Salaam Gateway.
Wakaf Al-Azhar and eleven other institutions that make up industry body the Forum Wakaf Produktif, will act as partners to Badan Wakaf Indonesia, the country’s waqf board, to distribute the sukuk’s proceeds to beneficiaries.
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