Indonesian Government Seeks to Promote the Islamic Economy and Finance Using Four Initiatives: Vice President 

Vice President of Indonesia, Ma’ruf Amin, identified four ways to encourage the development of the Shariah economy and Shariah finance in the country. As mentioned in an official statement made on the 9th of June 2021, the four initiatives include: first – strengthening regulations within the Shariah sector; second – transforming the national Waqf management towards governance, professionalism, and transparency that is digital-based; third – developing Shariah business, providing the correct forms of assistance for Halal MSMEs; and fourth – increasing the capacity of research centres, Islamic economics and finance research.

Why it Matters?

The Government of Indonesia is committed to promoting the domestic Islamic economy...