Bank Indonesia Calls The Pandemic Momentum As A Turning Point For The Awakening Of The Sharia Economy

Sharia illustration. (Photo: By courtesy)

JAKARTA - Bank Indonesia (BI) continues to push for the transformation of the economy and Islamic finance as a source of new economic growth in the midst of a challenging situation due to the pandemic.

BI Governor Perry Warjiyo said this transformation was intended to provide more space for sharia instruments to contribute to national economic growth more optimally.

"The transformation of the Islamic economy and finance is pursued through the development of the halal value chain ecosystem in leading sectors, as a source of new economic growth," he said at the launch of the 2020 Sharia Economic and Financial Report (LEKSI) book which was held virtually today, Wednesday, March 31. .

Perry added that the principles of Islamic economics and finance are basically encouraging the optimization of the use of all resources and technology, which will always lead to productive economic activities.

"In this case, the role of sharia sector policies in national economic recovery runs through three things. First, through its role as part of the main policy mix of Bank Indonesia, including in the synergy between authorities, "he said.

Second, continued Perry, through his role in supporting the resilience of sharia businesses through sharia economic empowerment based on the principle of partnership, both at sharia MSMEs, as well as in pesantren economic units.

Third, through its role in the optimization of Islamic social finance (zakat, infaq, alms, and waqf) in accordance with the principles of its use, which inclusively mitigates increased poverty and widening inequality.

"LEKSI is one of the programs to improve economic literacy and Islamic finance in Indonesia as well as a medium to show real commitment and support from Bank Indonesia in the transformation and development process in the country," he said.

For information, LEKSI contains various details of information, but in broad terms it can be grouped based on four dimensions, namely sharia economic and financial development policies, developments and programs, sharia financial developments and programs, as well as education and outreach.