Indonesia Government Focusing on Four Areas to Develop Islamic Economy and Finance: Vice President

Ma'ruf Amin, Vice President of Indonesia, has stated that the Government of Indonesia is focusing on four areas to develop the Islamic economy and finance. The first being development of the Halal industry, second the development of the Islamic finance industry to support industry and trade, third the development of Islamic social funds and fourth the development and expansion of Shariah business activities.

Why it Matters?

In developing the Halal industry, the Government would be prioritising policies favouring micro, small and medium-sized enterprises (MSMEs). This includes simplification of licensing and guidance, access to financing and marketing and facilitation of Halal certification. It would also encourage partnership programmes between small...