Indonesia Shariah Economic Festival 2020 Recorded Transactions Worth IDR 5.03 Trillion: Bank Indonesia

The 7th Indonesia Shariah Economic Festival (ISEF) which was held virtually in 2020, has recorded transactions worth IDR 5.03 trillion, according to Bank Indonesia (BI), as reported in local media.

BI stated that the transactions consisted of financing agreements, business to consumer retail transactions, business to business transaction commitments, as well as productive waqf commitments.

According to Sugeng, Deputy Governor of BI, who was speaking at the closing ceremony of ISEF 2020 held on the 31st of October 2020, enthusiasm for the annual event was not dampened, despite being held virtually due to the COVID-19 pandemic. Sugeng added that the response provides ‘guidance...