JAKARTA - Minister of Finance (Menkeu) Sri Mulyani said that in developing a sharia economy it is necessary to absorb the moral principles contained in it.

According to him, sharia economics which is sourced from the Qur'an and Hadith has the principles of monotheism, balance, justice, freedom, and responsibility, brotherhood, and humanity.

"These values are universal values that aim to realize the benefit of the universe or well being for all," he said virtually at the opening of The 1st Islamic Economics Education Summit (IEES), Thursday, October 28.

The Minister of Finance revealed that sharia principles already have their own mechanism to avoid economic actors from losses and uncertainties.

"Instrumentally, Islamic economics seeks to achieve justice by avoiding elements of exploitation and injustice or often technically called usury. Here we also avoid the elements of speculation and gambling. These are elements that can have a negative impact on the economic activities of a country which are forbidden according to Islamic law,” he said.

Therefore, the state treasurer encourages the implementation and development of the sharia economy as a new source of growth because it is considered to provide certainty of benefits and has real mitigation measures.

"Sharia economic values that are open and inclusive for everyone are in line and compatible with the ideology of Pancasila and the 1945 Constitution. It must be remembered that sharia economic development is not only to develop industry but also to construct scientific disciplines themselves in order to produce reliable human resources, "said Minister of Finance Sri Mulyani.

Based on the editorial notes, Indonesia is the country with the largest Muslim population in the world who spends US$173 billion on halal products or equivalent to Rp2,508 trillion annually. This amount is about 12.6 percent of the world market share of halal products and is considered to be a great potential in developing the national sharia economy.


The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)