Indonesian Vice President Emphasises Need to Expand Fintech to Boost Islamic Financial Inclusion

Indonesian Vice President Ma’ruf Amin has emphasised the need to expand and strengthen financial technology (fintech) in the field of Shariah to encourage Islamic financial inclusion in the country, according to local media reports.

Speaking virtually at an international webinar titled 'Digitalization Leading the Islamic Economy in the New Normal’ on the 15th of December 2020, Ma’ruf stated that fintech and other electronic services needed to be strengthened, while noting that the development of digital technology, which had penetrated economic and financial sectors, had made it easier for people to meet their financing requirements.

Ma’ruf also stated that the use of fintech in facilitating economic development and digital finance was a featu...