BSI Seeks to Raise Awareness of Cash Waqf Amongst Civil Servants Following Private Sector Dominance  

Following participation worth IDR 1 billion, from 50 State Civil Status Apparatus (ASN) wakifs in Indonesia’s Cash Waqf Linked Sukuk Retail SWR002 Series (SWR002 Series) offered by the Ministry of Finance (MoF), Bank Syariah Indonesia (BSI) has collaborated with the MoF to conduct routine socialisation and education sessions to public and private agencies.

Why it Matters?

BSI aims at increasing the literacy of cash Waqf amongst the ASN category. As part of its socialisation efforts, BSI encourages employees or state civil apparatus to participate. With public interest in the SWR002 Series showing strength, based on the overall results, there is significant potential for the issuance for Retail Waqf amongst different civil sector groups.