Promoting Waqf for SDGs, BWI-UNDP Signed an MoU
Thursday, January 25, 2018
The Indonesian Waqf Board (Badan Wakaf Indonesia/BWI) continues to promote the productive management of waqf as an alternative source of funding for community welfare and poverty eradication programs.
Meanwhile, the United Nations Development Program (UNDP) is in charge of the Sustainable Development Goals (SDGs). SDGs is a universal call that aims to eradicate poverty in every UN member state.
Both institutions realize that poverty eradication can not be achieved without adequate resources. Financing from religious funds such as zakat, infaq, alms and waqf offer a huge potential for achieving SDGs.
Common views and objectives encourage the two institutions to synergize through a memorandum of understanding signed by the leaders of both institutions today, Thursday (25/1/2018), at Bank Indonesia Building, Jakarta. Mohammad Nuh as chairman of BWI and Francine Pickup as Deputy Country Director of UNDP Indonesia signed the memorandum of understanding, witnessed by the United Nations Resident Coordinator, Anita Nirody, members of BWI, representatives of Bank Indonesia, and several large waqf fund managers (nazhir).
In his speech, Mohammad Nuh conveyed the importance of waqf for prosperity - without denying the importance of social waqf for worship, cemetery, and education.
"Waqf is for the people’s welfare, which also means eradicating poverty," said Nuh.
Nuh appreciated UNDP Indonesia’s common perception. He hopes to strengthen public literacy on waqf and turn waqf into a movement.
Meanwhile, Francine Pickup stated that waqf has the potential to contribute to SDGs. "Developing instruments such as crowdfunding, impact investments, green sukuk or waqf for SDGs and a variety of other partnerships, can help to achieve that potential," Francine said.
After the signing of the memorandum of understanding, the UN Resident Coordinator Anita Nirody presented an SDGs pin to BWI’s Chairman Mohammad Nuh.
Launching of the National Waqf Movement for Prosperity and Dignity
On the same occasion, BWI’s Chairman Mohammad Nuh also launched the National Waqf Movement for Prosperity and Dignity.
Through this movement, Nuh wants all parties to recognize the four roles of waqf.
First, waqf is a transcendent activity. This means that waqf has a worship dimension - every activity associated with waqf must follow the right and true path.
Second, waqf for prosperity. This means that waqf is expected to be managed productively to generate optimal returns that are distributed to community welfare programs.
Third, waqf to develop da'wah (the preaching of Islam). Productive waqf is expected to improve the da'wah movement.
Fourth, waqf to maintain dignity and self-respect. Waqf which is managed productively and generates optimal returns will enable people to become self-reliant.
The waqf movement is initiated by the signing of a Memorandum of Understanding between BWI and UNDP Indonesia on Waqf for Sustainable Development Goals (SDGs).
PR of the Indonesian Waqf Board (Badan Wakaf Indonesia/BWI)