When we think of waqf, or Islamic endowment, many of us picture mosques, schools, or wells built centuries ago. It feels like something historic, a concept that belongs to another era. But in Indonesia, Dompet Dhuafa is showing that waqf
Worldwide, microfinance programs tend to have significantly higher interest rates compared to commercial banks. For instance, Grameen Bank’s interest rate is around 20%, while BRAC’s is most probably 25%. Some international microfinance programs even charge higher rates. One of the
A few days ago, Professor Jasser Auda spoke about Waqf at a seminar. He believes Waqf is one of the principal pillars of Islamic economics. Rather than viewing Waqf solely as an act of charity, he sees it as the