Shariah-Based Economy could be the Key Driver of Indonesia’s Economic Growth Post COVID-19: Bank Indonesia

Speaking at the opening of the webinar series on Halal Lifestyle, Global Halal Consumer Trend, on the 16th of September 2020, Bank Indonesia (BI)’s Director of the Department of Shariah Economy and Finance, Prijono (Director), acknowledged that Shariah economic principles had a key role to play in Indonesia’s recovery from the effects of COVID-19.

The Director, however, noted that there were still some advancements to be made for the implementation of Islamic economy and finance in the country to reach its full potential.

According to BI, successful adoption of Shariah economy and finance would require integration of three key pillars via a strategic framework, for succ...