Indonesian Islamic P2P lender aims to raise $10 mln on new waqf platform
Photo: Ammana CEO Lutfi Adhiansyah speaking at the event announcing the P2P lender's new waqf giving feature on May 14, 2018 in Jakarta. Salaam Gateway/Yosi Winosa
JAKARTA - Indonesian peer-to-peer lender Ammana aims to raise 150 billion Indonesian rupiah ($10.7 million) this year on its new waqf platform to benefit endowment projects in the country, its CEO Lutfi Adhiansyah told reporters in Jakarta on Monday.
The funds raised from individual donors on Ammana will be channeled to the 23 waqf institutions under the umbrella of the national waqf organization Badan Wakaf Indonesia (BWI).
The Shariah-compliant P2P lender is working with Islamic bank BNI Syariah to process the funds from donors. BNI Syariah is one of 15 banks authorized to receive cash waqf deposits.
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