Sharia Financial Education, Time To Go To Financial Independence

BRI Life socializes Islamic finance. (IST)

JAKARTA - The educational activity & Financial Literacy organized by PT Asuransi BRI Life in Manado has succeeded in increasing participants' understanding of Islamic finance, insurance and investment. A total of 44.8% of participants (of the total participants present) answered correctly when the pre-test was carried out at the beginning of the event. This percentage increased to 94.45% of participants answered correctly when the post-test was given at the end of the event.

The event organized by BRI Life is in line with the efforts of the Financial Services Authority (OJK) in increasing the financial literacy index of the Indonesian people which is still low at 9.14% (of the total population in Indonesia), based on the 2022 National Literacy and Financial Inclusion Survey (SNLIK).

This literacy activity, which is packaged in a Sharia Financial Education & Literacy Talkshow format, carries the theme; Ngobrol Wise Financial Management-Towards Financial Independence. The event which took place at the Luwansa Hotel & Convention Center Manado on June 20, 2023 aims to encourage awareness and understanding of Islamic-based finance and expand public access to financial services aimed at achieving financial independence

BRI Life Marketing Director Sutadi appeared to be present at the opening of the event which was attended and attended by dozens of participants, the majority of whom had a teaching staff background at the high school and university levels.

In his speech, Sutadi said, BRI Life strives to be consistent in increasing the level of public awareness of the importance of understanding financial and insurance management, especially in events this time Islamic-based finance, where this is in line with the policies of OJK.

The activity presented three sources, namely; Head of the IDX Representative Office of North Sulawesi Province Mario L. Iroth who discussed Financial Literacy, Financial Independence Gate, points that explained which industries were supervised by the OJK, as well as reviews of the low level of financial literacy & inclusion among the public as well as information about which entities were stopped by the Investment Alert Task Force (SWI).

Furthermore, DR. Mohamad Hidayat MBA MH as the Sharia Supervisory Board of PT Asuransi BRI Life explained related to time value of money. In his discussion, he explained the concept of difference between time value of money (money has time value) and economic value of time (time has economic value), Islamic economic character, prohibition of sharia transaction principles and exposure to conventional and sharia insurance.

At the end of the discussion, Liesdiaty Padema - Head of the Kanal Agency Division of PT Asuransi BRI Life conveyed the material on how to get around a valuable legacy, namely A Precious Legacy, where Insurance, sharia investment and financial independence are one way to deal with a valuable legacy for the family.

This activity is very helpful especially for academics (students, lecturers and teachers) to be wiser in managing money, choosing investment and insurance, in addition to being an implementation in improving BRI Life services to Customers. Hopefully, in the next literacy activity, there will be more circles of people that can be targeted, such as; workers, drivers, housewives and others said Sutadi.