Ministry of Finance Indonesia to Enable Continued Growth in the Shariah Financial Sector

Middle Policy Analyst at the Fiscal Policy Agency (BKF) of the Ministry of Finance (MoF) Indonesia, Mochamad Imron has stated that the MoF is prepared to offer its full support to develop the Islamic financial services sector in Indonesia. According to Imron, the MoF has the main task of regulating the development of Islamic finance in the country, and also plays a role in moving the market, through the creation of instruments that people can invest in, such as state Sukuk.

Why it Matters?

Director of Shariah Financial Services National Committee for Shariah Economics and Finance (KNEKS), Taufik Hidayat, noted that the Islamic financial services industry is still relatively small, and emphasized the importance of policy support from the government to pr...