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Rising role of sharia economy in Indonesia
15 hours ago
16 hours ago 4th May 2021
Muslim fashion showed in an exhibition held on the sideline of Sharia Fair in Surabaya, East Java recently. ANTARA PHOTO/Moch Asim/wsj.
We can see that the role of sharia economy has continued to increase, thereby necessitating to put in place a reliable instrument, and we can develop this Indonesia is indubitably catching up with other countries in the development of the sharia economy, although the world s largest Muslim population nation was considered as being rather late in paying heed to Islamic economics.
The world s fourth most populous country has realized the need to tap the potential of sharia economy, as the State of Global Islamic Economy Report 2020-2021 indicated that Muslim consumers expenditure on halal food, beverage, pharmaceuticals, and tourism had reached US$2.02 trillion in 2019.
Indonesia incorporates Islamic values in economic recovery policies
30th April 2021 30th April 2021
Vice President Ma ruf Amin delivered his keynote address to an online discussion on Sharia Business and Academic Synergy (SBAS), on December 9, 2020. (Asdep KIP Setwapres) Having the world s largest Muslim population, it s very natural for Indonesia to start looking at Islamic or sharia economic principles to strengthen its economic resilience and untap potential of the sharia economy.
The sharia economy is believed to enable the nation implement the recovery of its economy battered by the COVID-pademic, toward a just, sustainable, and green economy.
To develop the sharia economy at its full potential, the government in 2020, issued a presidential decree on the National Committee for Sharia Economy and Finance (KNEKS).
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Indrawati highlights increasing role of sharia economy in Indonesia
5 hours ago
20th April 2021 1 hour ago
Finance Minister Sri Mulyani Indrawati. ANTARA/HO-Finance Ministry/pri/sh
This potential must inspire business operators to work on the halal industry Jakarta (ANTARA) - Finance Minister Sri Mulyani Indrawati drew attention to the rising role of the sharia economy in Indonesia, thereby necessitating a reliable instrument to proffer benefits to the public. We can see that the sharia economy’s role has continued to increase, thereby necessitating to put in place a reliable instrument, and we can develop this, Indrawati stated during a national seminar on sharia economy and finance here on Wednesday.