BI Reveals Business Meeting Transactions At ISEF Reaches IDR 2 Trillion

JAKARTA - Bank Indonesia (BI) revealed that the implementation of the Indonesia Sharia Economic Festival (ISEF) 2024 recorded business meeting transactions of IDR 2 trillion which reflected the development and economic potential of sharia (expert) in the country.

The nominal includes commitment transactions and financing realization of IDR 641 billion, trade commitment and realization of IDR 295 billion, and a commitment to cooperate with the Islamic financial ecosystem of IDR 1 trillion, starting from Road to Fesyar, Road to ISEF activities, Sharia Economics and Finance Festivals (Fesyar), to ISEF 2024.

In addition, in 2024 ISEF will feature 5,000 leading Islamic MSME business actors from various regions ranging from the halal fashion sector, food, to Islamic financial products with a record total sales turnover of IDR 115 billion to November 2, 2024.

On the other hand, the public's high interest in the entire series of ISEF activities is reflected in the number of attendances that reach 1.5 million visitors, both offline and online, from within and outside the country.

Senior Deputy Governor of Bank Indonesia Destry Damayanti said, ISEF is not only a festival, but also a collaboration forum that brings together various parties to build a sustainable sharia ecosystem together.

"Synergy, innovation, digitization, and compliance with ex-examination principles are needed to realize Indonesia's ex-ecretary vision as the world's Islamic economic and financial center," he explained in his statement, Monday, November 4.

Destry conveyed that to support the program, ISEF initiatives and programs as a collaboration between the National Committee for Sharia Economics and Finance (KNEKS), the government, industry, and various other related parties need to be strengthened so that they can provide benefits for the benefit of the people and the people of Indonesia and encourage the Indonesian ex-Indonesian industry to be more competitive at the global level.

Meanwhile, during the 2024 ISEF, 71 series of ISEF 2024 activities have been held, including 17 domestic and international seminars and forums, 20 fashion performances, 10 talk shows, tabligh akbar and studies, as well as family run activities.

Meanwhile, the Indonesia International Modest Fashion Festival (IN2MF) as one of the series of ISEF activities that carried the modest fashion Indonesia won an award from the Indonesian World Record Museum (MURI) in the wastra-based fashion festival category with the largest collection of 1,622 collections, and involved 208 local designers, and 10 international designers.

The closing event of the ISEF 2024 was also combined with the announcement of winners from a number of main competitions such as Youth Sharia Sociopreneurship Competition (YSSC), Indonesia International Halal Chef Competition (IN2HCC), National Sharia Economic Competition (KESN), and ISEF Award.

This year's ISEF Award was given to institutions and individuals who contributed greatly to the development of the sharia economy.

Destry said that with the achievement of the 2024 ISEF, Indonesia's commitment to become a key player in the sharia economy at the global level and to support sustainable and inclusive economic growth.