Cash Waqf Acceptance Service

Danamon Sharia has been designated as LKS-PWU or Islamic Financial Institution – Recipient of Cash Waqf (charitable endowment). As such, it offers professional and accountable cash waqf acceptance services managed by a credible waqf manager, Nazhir (Waqf Trustee). Now, waqf is more convenient, secure and trustworthy.

BENEFITS OF DANAMON SHARIA CASH WAQF ACCEPTANCE SERVICES

  1. EASY DONATION OF CASH WAQF
    Donors can conveniently make cash waqf donations at all Bank Danamon branches, Bank Danamon digital channels and bank digital partnerships which are accessible through socialbanking.id.
  2. FREE TO DETERMINE WAQF VALUE
    Now, wealth or landownership is not a requirement for waqf. Everyone can donate starting from Rp. 10,000.00 (ten thousand rupiah). Donors who deposit cash waqf less than IDR 1,000,000.00 (one million rupiah) will receive proof of waqf slip while deposits with value of over IDR 1,000,000.00 (one million rupiah) earn a Cash Waqf Certificate (SWU).  
  3. TRUSTED NAZHIR PARTNER
    Danamon Sharia cooperates with a trusted Nazhir, registered with BWI (Indonesian Waqf Board).
  4. DIFFERENT WAQF PROGRAM OPTIONS
    Donors can determine the waqf funds to be donated for a chosen program or project.
  5. TRANSPARENCY IN THE USE OF WAQF FUND
    Donors can check and monitor the status, use and progress of waqf funds through web-based waqf sites and applications operated by Bank Danamon’s digital partners.  Download the social banking application or visit socialbanking.id.

TERMS AND CONDITIONS OF SERVICE

The required terms and conditions of waqf refer to the following:

  1. Waqif (donors) may be composed of individuals, organizations or legal entities:
    • Individual Waqif
      - Mature / adult
      - Sound mind 
      - Capable of performing legal actions and/or proceedings
      - Legal owner of the property
    • Organizational Waqif
      Assets can be considered waqf if these fulfill the organization's provisions, such as legal ownership of property and in accordance with financial capacity.
    • Wakif Badan Hukum
      Assets or properties can be considered waqf if these fulfill the regulations of the legal entity to endow legally-owned waqf property/ies in accordance with its articles of association.
  2. Legal Entity Waqif
    • Religious facilities and activities;
    • Education and health-related facilities and activities;
    • Assistance to the needy, abandoned and orphaned children, and educational scholarships;
    • Economic progress and improvement of society; and/or
    • Other general welfare activities that comply with Sharia, and applicable laws and regulations.

WAKAF OPTIONS
The Danamon Sharia Cash Waqf Acceptance Service offers various Waqf options

  1. Cash Waqf
    Money received for waqf is managed efficiently and distributed to waqf beneficiaries.
  2. Waqf Using Cash
    Money received for waqf can be used to purchase property, whether immovable or movable, as intended by the waqf to be managed productively for social needs.

WAKF MANAGEMENT PARTNER (NAZHIR)
Currently, Danamon Sharia collaborates with waqf management institutions (Nazhir) notably Waqf Al Azhar, Indonesian Waqf Board or Badan Waqf Indonesia (BWI) and Dompet Dhuafa which has been registered and recommended by BWI.

WAQF PROGRAMS

  1. Al Azhar Waqf - Waqf Development Center for Islamic Culture & Syiar Jababeka Area – 
  2. Waqf Al Azhar - Waqf Development Center for Islamic Worship & Learning in South Tangerang Area
  3. Al Azhar Waqf - Waqf Development Center for Islamic Worship & Learning in Bintaro Area 
  4. Al Azhar Waqf  - Productive Waqf Development of Sacrificial Animals through Fostered Villages
  5. Dompet Dhuafa - Waqf for the Construction of Hasyim Asyari Hospital (IGD Room)
  6. BWI - State Building Waqf (Akbari) – Mobile Screening of Achmad Wardi Eye Hospital

WAQF PROCEDURE

  1. Danamon Branch
    Bank Danamon currently accepts cash waqf at all its branches throughout Indonesia.
  2. Digital Bank partner app
    You can visit socialbanking.id socialbanking.id or the mobile app mobile app. 

WAQF PROGRAM MONITORING PROCESS

You can monitor the progress of the waqf program via Mobile App or through website socialbanking.id.

For more information about the Cash Waqf Acceptance Service, click here

For detailed information, please contact: Hello Danamon
For other relevant information pertaining to the Bank's waqf program partners, please contact:

  • Al Azhar Waqf (021) 739 6232
  • Dompet Dhuafa (021) 2787 4080
  • Indonesian Waqf Board (021) 8779 9232