REPUBLIKA.CO.ID, JAKARTA -- Vice President (Vice President) KH Ma'ruf Amin said that Sharia economics and finance are becoming a new stream of national economic growth and an engine of inclusive economic growth. This is because the principle of Sharia finance to promote justice and the equalization of welfare is acceptable to all people.

“This is evidenced by the positive economic and financial performance of sharia, driven by the growth of the leading sector of the halal value chain by 3.93 percent,” Ma'ruf Amin said during a speech at the International Seminar and Inauguration of the Center for Sharia Economic Development INDEF in Jakarta on Tuesday (3/9/2024).

In fact, the sharia financial sector is also able to support nearly 23 percent of the national economy. In addition, the development of Sharia finance is also characterized by increasing assets and diversification of Sharia financial institutions.

Sharia capital market assets account for nearly 20 percent of the total national capital market assets. In the future, the Vice President continued, the government continues to ensure and control the sustainability of Sharia economic and financial development by integrating sharia economy and finance into RPJPN 2025-2045 and RPJMN 2025-2029 as the main programs on productivity-based economic transformation.

“I hope this will be a strong foundation for the sustainability of Sharia's economic and financial development in the coming leadership period,” he said.

On the other hand, the journey of Sharia economic and financial development in Indonesia in the last 5 years has developed rapidly. Indonesia on a global level continues to rise from 10th place to 3rd place.

Indonesia also managed to maintain the 2nd position in the halal food sector and the 3rd position in the Muslim fashion sector. Even in 2024, Indonesia managed to rank first on the Global Muslim Travel Index (GMTI).

“This rapid development of sharia finance is evident from the increasing variety of sharia-based financial products that people can enjoy, such as sharia bonds, sharia insurance, even sharia-based business financing,” he said.

The government, Ma'ruf Amin continued, is well aware of the importance of developing the sharia economy, by continuing to spur its growth through strengthening infrastructure and ecosystems. He also emphasized that currently the program is not only rolling at the central level, but is also being developed in the region through the institution of the Sharia Regional Committee for Economic and Financial Affairs (KDEKS).

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