On Saturday (18/10), Indonesia Stock Exchange (IDX) facilitated the signing of a Memorandum of Understanding between PT Majoris Asset Management and Istiqlal Global Fund (IGF) during the Capital Market Summit & Expo (CMSE) 2025. This collaboration aims to develop waqf shares and charitable share contributions within Indonesia’s sharia capital market, expanding investor participation and strengthening the value-based funding ecosystem. Witnessed by the Minister of Religious Affairs of the Republic of Indonesia and the President Director of IDX, the initiative marks a strategic step in aligning Islamic philanthropy with transparent, measurable, and professionally managed capital market instruments under OJK supervision.
As the capital market organizer, IDX fully supports this initiative to transform waqf into productive assets that provide sustainable benefits to society. Under this collaboration, IGF will act as the Nazhir (waqf manager), while Majoris Asset Management will serve as the Investment Manager responsible for managing waqf portfolios through sharia-compliant investment contracts. This initiative aligns with the Indonesian Islamic Economic Masterplan 2024–2029 and the National Medium-Term Development Plan (RPJMN) 2025–2029, reinforcing the role of the sharia capital market in driving innovative, inclusive, and sustainable social financing.
