Yotta Laboratories & BAZNAS (Zakat National Board)

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Yotta Laboratories & BAZNAS (Zakat National Board)

BAZNAS (ZAKAT NATIONAL BOARD) OF WEST JAVA PROVINCE
WITH
YOTTA LABORATORIES LIMITED
CONCERNING
DEVELOPMENT OF ZAKAT MANAGEMENT DIGITISATION SCHEME THROUGH YOTTA TRAPS PROTOCOL IN WEST JAVA

The Zakat National Board (Baznas) of West Java Province, the Republic of Indonesia, and Yotta Laboratories, a specialist institution engaged in technology

DESIRED to engage mutual cooperation concerning the development for the digitization of the zakat management scheme in West Java Province using the technology from Yotta Laboratories;

CONSIDERING the effort to improve the quality of the zakat management system as well as achieving socio-economic justice in West Java requires strategic attempts through cooperation and collaboration with many stakeholders, including multinational companies that possess the financial, technical, and managerial capacity.

PURSUANT to the prevailing laws, regulations, and administrative procedures in the Republic of Indonesia;

HEREBY DECLARE the intention of The Parties to establish a Letter of Intent concerning the Development of Zakat Management Digitisation Scheme through Yotta Traps Protocol in West Java (hereinafter referred to as the ‘LoI’), in the following area of cooperation: Designing and developing a Zakat management system using the Yotta Traps protocol; Building a pilot project for the digitisation of the current West Java Zakat management scheme; Technical and administrative collaboration for supporting the implementation of the pilot project trial in West Java.