Indonesia promotes Islamic economic, financial strategy

Jakarta: Indonesian Vice President Ma’ruf Amin said the government had taken various strategic steps to promote economic and financial growth in line with Islamic law in order to realise the target of halal value chain growth of 4.5 – 5.3% in 2023 according to the target.

Addressing a programme hosted by Metro TV on April 25, Amin said to achieve this goal, Indonesia has taken several steps, such as strengthening the sharia business, improving the capacity of sharia businesses, and promoting the exports of halal products.

To improve the Islamic economic and financial sector, it is necessary to develop technology-based infrastructure and digitalisation, and enhance cooperation between the government, the community, and businesses, he said.

Indonesia planned to launch a master plan for developing its halal industry and halal industrial estates (KIH) to optimise the Islamic financial economy through the application of financial and non-financial incentives such as halal certification in KIH, and providing certificates and finance for sharia businesses to develop and elevate their business.