Indonesian Vice President Encourages Digitisation of Islamic Financial Services to Boost Economic Growth

Indonesian Vice President Ma’ruf Amin has encouraged the digitisation of Islamic financial services to boost economic growth of the country, according to local media reports.

Speaking at the close of the 2020 Fintech Summit and the 2020 National Fintech Week in Jakarta, Amin stated that Indonesia’s substantial potential for development of Shariah economics and finance should be supported by innovation in financial services, such as developing financial technology (fintech) facilities and a process of digitising transactions in accordance with Shariah principles.

Amin noted that the COVID-19 pandemic had highlighted the important role of fintech in the economy, as activ...