Seven Strategic Actions to Develop Islamic Fintech and Islamic Finance in Indonesia: OJK  

The Deputy Commissioner of the Financial Services Authority in Indonesia (OJK) has detailed a strategy of seven action points in order to develop Shariah-compliant fintech and Shariah-compliant finance in the country.

Why it Matters?

The Deputy Commissioner explained these points at a webinar on the 27th of May 2021; they are aimed at creating more Islamic banking opportunities and unique Shariah-compliant business products, thereby optimising the Shariah ecosystem in Indonesia. He added that the Government of Indonesia must have a comprehensive action plan with regard to the Islamic finance industry, in line with the Islamic Banking Development Roadmap for Indonesia 2020-2025.

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