Indonesia Opportunity To Be Center of Islamic Finance in the World

High Level Seminar ISEF 2020 on Halal Lifestyle

Jakarta – Indonesia in chasing bi target to be centre of economic and islamic finance in the world. It is need though and comprehesif strategic to achieve it. Deputy Governor of Central Bank, Sugeng, said in High Level Seminar ISEF 2020 on Halal Lifestyle; “New Strategy and Business Model of Halal Business” in Jakarta, Friday (02/10)

Sugeng remind that global shariah economic has huge scale and got significant attention from non muslim countries “Shariah economic global potency predicted will reach to USD 3.2 Triliun in 2024 and many non muslim countries see this potency. Even United Kingdom start to be centre of shariah finance in west”

Many countries namely South Korea and Thailand focus in developing moslem friendly destination tourism site.

Sugeng continue that Indonesia with muslim majority have big potency to be a big player in global shariah economy.

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“We are really possible, moreever if we see in demand side. Total number of our citizen more than 260 million with muslim mayority, 28 thousand islamic boarding school, 59.7% citizen are millenial and smarthphone ownership reached to 133%” Sugeng added

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In supply side, Indonesia haas 14 Commercial Syariah Bank, 20 Shariah Business Unit, 164 Village shariah bank, and about 4.500 Islamic microfinance institution (Baitul Mal Wattamwil/BMT)

“With all of our potencies, we need comprehensif and integratif strategy to make Indonesia as center of Islamic finance in the world” Sugeng said