Cash Waqf Linked Deposit
Cash Waqf Linked Deposit (CWLD) is a Rupiah-denominated deposit placed as a temporary cash waqf. All profit-sharing returns from CWLD are not received by the Depositor (Wakif), but are instead transferred to the Nazhir to be utilized and distributed to the Mauquf Alaih in accordance with the intended purpose of the waqf.
Cash Waqf Linked Deposit (CWLD) is a temporary cash waqf product initiated by the Financial Services Authority (OJK) and offered through an Islamic Financial Institution Receiving Cash Waqf (LKS-PWU).
CWLD Features
- The deposit amount is equal to the amount placed as waqf
- Deposit placement starts from IDR 1,000,000
- The minimum placement term is 1 year
- The deposit is withdrawn upon completion of the specified waqf term
- Profit-sharing returns are transferred to the Nazhir's account for distribution to the Mauquf Alaih in accordance with the intended purpose of the waqf
CWLD Benefits
- The Wakif receives an Akta Ikrar Wakaf (AIW) and a Sertifikat Wakaf Uang (SWU)
- The deposit principal is returned to the Wakif upon completion of the temporary waqf period
- The Wakif can contribute to improving social welfare through the benefits of waqf
- Waqf funds are managed and distributed in accordance with Sharia principles and the intended purpose of the waqf
Parties Involved in CWLD
- The Depositor (Wakif) is the party who places a deposit as a temporary cash waqf
- Bank Muamalat Indonesia (LKS-PWU/Pejabat Pembuat Akta Ikrar Wakaf (PPAIW)) serves as an Islamic Financial Institution Receiving Cash Waqf
- The Nazhir is the party responsible for managing and distributing the benefits of the waqf in accordance with its intended purpose
- The Mauquf Alaih is the party that receives the benefits of the waqf in accordance with the Wakif's declaration of intent as stipulated in the Akta Ikrar Wakaf
CWLD Series 001 is currently in the offering period, with details as follows:
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Programe Name |
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Cash Waqf Linked Deposit (CWLD) – Baitulmaal Muamalat – PT Bank Muamalat Indonesia Tbk – Seri 001 – Program Gerobak Surya UMKM |
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Programe Description |
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The Solar-Powered MSME Cart Program provides solar-powered carts to support the use of electrical equipment for food and beverage businesses. The program includes the provision of 2 solar-powered carts with a total value of IDR 35,000,000. |
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Participant |
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All existing and new to bank customer |
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Coverage Area |
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National |
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Time Periode CWLD |
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12 Months |
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Minimum placement CWLD |
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IDR 1.000.000 |
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Early Redemption CWLD |
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CWLD cannot be withdrawn before the maturity date |
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Fitur |
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Akta Ikrar Wakaf (AIW) and Sertifikat Wakaf Uang (SWU) |
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Product Information |
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Frequently Asked Question (FAQ) Cash Waqf Linked Deposit (CWLD).
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No |
Questions |
Answers |
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1. |
What is the Cash Waqf Linked Deposit? |
Cash Waqf Linked Deposit (CWLD) is a Rupiah-denominated deposit placed as a temporary cash waqf. All profit-sharing returns generated from the CWLD are not received by the Depositor (Wakif), but are instead transferred to the Nazhir to be utilized and distributed to the Mauquf Alaih (beneficiaries) in accordance with the intended purpose of the waqf. |
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2. |
What is the term of Cash Waqf Linked Deposit program that customers can choose? |
12 months |
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3. |
Who can participate in the Cash Waqf Linked Deposit program? |
Individual and Non-Individual Customers |
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4. |
What programs are run on Cash Waqf Linked Deposit (CWLD)? |
The Solar-Powered MSME Cart Program provides solar-powered carts to support the use of electrical equipment for food and beverage businesses. The program includes the provision of 2 solar-powered carts with a total value of IDR 35,000,000. |
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5. |
What is the name of the ongoing Cash Waqf Linked Deposit (CWLD) program? |
Cash Waqf Linked Deposit (CWLD) – Baitulmaal Muamalat – PT Bank Muamalat Indonesia Tbk – Seri 001 – Program Gerobak Surya UMKM |
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6. |
Who serves as the Nazhir for the Cash Waqf Linked Deposit (CWLD) program? |
Baitulmaal Muamalat |
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7. |
What are the requirements to participate in Cash Waqf Linked Deposit (CWLD) program? |
Customers are required to fill out the following documents:
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8. |
How to register for the Cash Waqf Linked Deposit (CWLD) program? |
Customers can visit the nearest Bank Muamalat branch and complete the required documents listed in Point 7 (seven) |
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9. |
What are the benefits of the Cash Waqf Linked Deposit (CWLD) program? |
Wakif gets Akta Ikrar Wakaf (AIW) and Sertifikat Wakaf Uang (SWU) |
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10. |
When can I register for the Cash Waqf Linked Deposit (CWLD) program? |
15 September 2026 to 15 Oktober 2026 |
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11. |
Where can the Cash Waqf Linked Deposit (CWLD) program be further asked? |
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