8 hours ago
3
Officer serving customers at BCA Syariah Jatinegara office, Jakarta, Wednesday (4/9/2024).
REPUBLIKA.CO.ID, JAKARTA — PT Bank BCA Syariah was officially appointed as a Sharia Financial Institution for the Beneficiary of Waqaf Money (LKS PWU) based on the Decree of the Minister of Religious Affairs of the Republic of Indonesia No. 600 of 2025. The decree was submitted and ratified on July 8, 2025 in Jakarta.
This designation makes BCA Sharia one of the sharia banks authorized to receive, manage, and channel money waqf funds in a legal and structured manner. The handover of the permit was carried out in conjunction with the signing of the Integrity Pact between BCA Sharia and the Ministry of Religious Affairs of the Republic of Indonesia.
President Director of BCA Sharia Yuli Melati Suryaningrum, affirmed that this trust is a great responsibility for the company. “Alhamdulillah, BCA Sharia has been designated as LKS PWU. This is a noble mandate to expand the company's effectiveness in the sharia economic ecosystem, while providing positive social impact for society,” Yuli said in his statement, Thursday (10/7/2025).
With this new status, BCA Sharia is required to strengthen the money waqf management system. The main focus will be on service development, partnerships with ZISWAF agencies, as well as public literacy to make the potential money waiter more productive and target strategic sectors.
The money waqaf itself has great potential but is still not optimally cultivated. Data from the Indonesian Waqaf Agency (BWI) previously stated that the potential of waqaf money in the country reaches more than IDR 180 trillion per year. However, the realization of its distribution is still far from the target.
The appointment of BCA Sharia as LKS PWU was assessed as an important step in promoting accountability and effectiveness of waqf management in the sharia banking sector. Commitment to transparency and sharia principles is the main condition that must be maintained.
“BCA Sharia always strives to apply professionally and transparently according to Sharia principles, including in carrying out this trust. Hopefully this trust will complement BCA Sharia's role in meeting the needs of increasingly diverse customers,” Yuli added.
The move also adds to the row over sharia banks that the government designates as managers of waqf money. The government hopes that BCA Sharia's presence in the waqf realm can strengthen the pillars of Islamic social financing that is more inclusive and productive.
