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Sharia ecosystem must incorporate digitalization, local wisdom: VP


Sharia ecosystem must incorporate digitalization, local wisdom: VP
1 hour ago
Vice President Ma ruf Amin, Coordinating Minister for Political, Law and Security Affairs, Mahfud MD, and Minister of State-Owned Enterprises, Erick Thohir, attended a gathering of the Sharia Economic Community (MES) at The Tower building in Jakarta on Friday (June 4, 2021). (ANTARA/Asdep KIP Setwapres)
Jakarta (ANTARA) - Vice President Ma ruf Amin has said the development of the sharia ecosystem in Indonesia must be based on the use of digital technology and prioritize the local wisdom of various regions.
There needs to be a breakthrough in developing a digital-based sharia ecosystem that is integrated and harmonized with local wisdom, the Vice President said while attending a gathering of the Sharia Economic Community (MES) at The Tower building in Jakarta on Friday. ....

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Rising role of sharia economy in Indonesia


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. ....

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Indonesia incorporates Islamic values in economic recovery policies


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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