Regulatory AlertsOJK Circular No. 36/SEOJK.06/2025 on the Implementation of the Micro Waqf Program
The Financial Services Authority (OJK) issued Circular No. 36/SEOJK.06/2025 to regulate the implementation of the Micro Waqf Program by Sharia-based Microfinance Institutions (LMK) under POJK No. 41 of 2024. The regulation mandates specific requirements for program capitalization, third-party fund management, financing distribution, and anti-fraud compliance while defining the roles of program owners and operators. It further outlines the procedures for program termination and the redistribution of any remaining assets to other eligible Sharia-based institutions.
Share