INDONESIA: Sleman Regent, Harda Kiswaya, launched the local government owned Bank Syariah Sleman’s Sharia Financial Institution for Cash Waqf Recipients (LKSPWU). Designated by Indonesia’s Ministry of Religious Affairs, the bank is now licensed to manage cash Waqf. The bank’s new offerings include saving accounts, gold and Hajj financing, mobile cash services and MSME financing based on Zakat and Waqf.
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