Newly Launched Shariah Economic Brand to Drive Indonesia’s Islamic Finance Industry Forward

Indonesia has launched its Shariah Economic Brand, a logo and identity aiming to boost the development of the country’s Shariah economy. Speaking at the official launch of the National Movement for Cash Waqf and Inauguration of the Sharia Economic Brand held at the State Palace on the 25th of January 2020, Indonesian President Joko Widodo shared his acceptance of the new Shariah Economic Brand emphasising it as a useful tool increase the added value of the Shariah economy in Indonesia and also to raise public awareness for the support of Shariah economic activities in the country.

Widodo commented that Shariah economic development was taking place even across countries without large Muslim populations such as Thailand, Japan and the United States of America. According to...