Danamon Encourages Wise THR Management, ZISWAF, and Smart Investments for a More Meaningful Ramadan

Press Release / 18 March 2025

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Jakarta, 18 March 2025 - As a customer-centric organisation, PT Bank Danamon Indonesia Tbk (Danamon) encourages the Indonesian people to manage their Eid Al-Fitr Allowance (THR) wisely and responsibly. Danamon also emphasizes the importance of allocating a portion of the THR for religious charity through ZISWAF (Zakat, Infaq, Sedekah, and Wakaf) during Ramadan, as well as for investment.

"The holy month of Ramadan is an ideal time for us to reflect on how we can manage our finances wisely and strategically. While spending patterns may change significantly during this period, we encourage people to look beyond consumption, plan for their financial future, and continue sharing with others through ZISWAF," said Herry Hykmanto, Director of Sharia & Sustainability Finance at PT Bank Danamon Indonesia Tbk.

"THR is often used to meet various needs during Ramadan and ahead of Eid celebrations, such as shopping for new clothes, household essentials, gifts for relatives, and even greeting stickers. However, we also want to remind everyone to set aside a portion of their THR for ZISWAF," added Herry.

Making the Most of Blessings with the Ease of Fulfilling ZISWAF Obligations and Various Investment Instruments

Still in the spirit of Ramadan Lebih Berkah, Danamon also encourages the public to fulfill their zakat obligations and share through the Danamon Sharia Business Unit (UUS Danamon), which offers ZISWAF Receipt Services via the Social Banking App. This app simplifies zakat payments by partnering with credible Zakat Collection Institutions (LAZ), making the process easier, more convenient, and highly reliable. UUS Danamon has collaborated with six (6) trusted LAZs, including LAZISMU, Dompet Dhuafa, Al Azhar, Daarut Tauhiid Peduli, Al Bahjah, and the National Zakat Collection Agency (BAZNAS).

"We believe that by allocating THR for investment and ZISWAF, people can not only strengthen their financial well-being but also contribute to the prosperity of the community. This is a meaningful way to embrace the spirit of Ramadan and welcome Eid al-Fitr," said Herry.

In addition to encouraging the payment of ZISWAF, financial experts recommend allocating 20% to 50% of THR funds for savings and investments, while the remainder can be used for primary and secondary needs. To help maximize THR management, Danamon offers a Sharia Deposit product based on the Profit-Sharing principle (Mudharabah), providing flexibility in choosing the deposit term and currencyeither IDR or USD. Customers can select tenors of 1, 3, 6, or 12 months, with a minimum placement of Rp8 million for IDR accounts and one thousand dollars for USD accounts. Through this product, UUS Danamon ensures security and flexibility, offers competitive profit-sharing, and channels funds into profitable real-sector investments aligned with Sharia principles. Most importantly, it serves as a valuable tool for customers to plan their investment programs effectively.

"We believe that by allocating THR for ZISWAF and investment, individuals not only contribute to the well-being of the community but also enhance their own financial stability. This is a meaningful way to embrace the spirit of Ramadan and welcome Eid al-Fitr," said Herry.

Smartly Managing THR with Various Promos for Ramadan with More Blessings

Currently, Danamon offers cashback benefits of up to Rp40,000 for transactions made through QRIS D-Bank PRO. This is a great opportunity for those looking to purchase takjil (snacks for iftar) to enjoy during iftar with family, friends, or colleagues. For more details on other E-Banking programs, visit danamon.co.id/id/personal/promo/promo-e-banking.

Danamon aims to support customers in observing Ramadan, not only spiritually but also financially. Through wise THR management, smart investments, and acts of worship through ZISWAF, Danamon encourages all customers and the people of Indonesia to come together in making Ramadan more meaningful and blessed.

As Eid al-Fitr approaches, Danamon emphasizes not only the importance of managing THR wisely but also the need to stay vigilant when conducting transactions and safeguarding personal data. Customers are advised never to share OTPs, debit/credit card PINs, CVV/CVC codes, mobile banking usernames, or passwords, nor lend personal devices to others for transactions. For more information on fraud tactics and how to prevent them, visit the official Danamon website at bdi.co.id/jangankasihcelah.

For more information about the Ramadan Lebih Berkah program, please visit bdi.co.id/ramadan. For other Danamon services, customers can visit the official Danamon website at www.danamon.co.id or contact the Danamon Call Center at 1-500-090.

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