REPUBLIKA.CO.ID, SURABAYA -  Bank Indonesia (BI) sets East Java as pilot project for sharia area. Having strong pesantren culture, the province meets several requirements in order to implement Islamic economy.

Head of BI Office Regional Representative IV Dwi Pranoto said, the central bank engaged in developing East Java as the biggest sharia economic region. "Our mission is to carry out the economy based on sharia," Pranoto said last weekend.

BI will hold Sharia Economic Festival (ISEF) 2014 from November 5-9 to accelerate the Indonesian sharia economy and finance. The event will be attended by 57 Central Banks and Monetary Authorities of Organization of the Islamic Conference (OIC) Member Countries.

The event consists of series of programs, which are Financial Services Authority (OJK) International Seminar entitled An Integrated Development of Islamic Finance Toward Financial Stability and Sustainable Economic Development, National Talk on Empowering Islamic Boarding Schools to Answer Global Challenges and Drive the Sharia Economy and Finance, OIC Experts Workshop and Meeting of Central Banks and Monetary Authorities of OIC Member Countries, National Seminar entitled Indonesia - A New Direction of the World's Sharia Finance and National Seminar on the Role of Islamic Financial Inclusion in Driving Economic Development and Poverty Alleviation.

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