Realizing Sharia Lifestyle Need Supported Demand
By : Herry Barus And Aldo Bella Putra | Saturday, November 04 2017 - 17:00 IWST

Ketua DK OJK Wimboh Santosa dan Menkeu SriMulyani (Foto Rizki Meirino)
INDUSTRY.co.id - Jakarta - Chairman of the Board of Commissioners of Financial Services Authority (OJK) Wimboh Santoso said efforts to create "lifestyle" or lifestyles that support sharia economy ecosystems need to be supported by public demand in related industrial products.
"If you want to 'lifestyle' (sharia), then there must be demand. The potential is large for the demand of sharia industry sectors," said Wimboh in public discussion in Jakarta on Friday (3/11/2017)
Sharia industry products include halal food, financial services, recreation, clothing, cosmetics, and medicines.
Wimboh sees that the sharia economy in Indonesia, as one of the countries with the largest Muslim population, is still lagging behind other countries.
This can be seen from the Global Islamic Economy Indicator Score 2016-2017 which shows the competitiveness of Indonesia's sharia economy is only ranked 10, or left behind from Malaysia and countries in the Arabian Peninsula.
In addition, Indonesia's sharia financial competitiveness is only ranked seventh, also still lags behind Malaysia and countries in the Arabian Peninsula.
"Malaysia is further ahead of us, but there is indeed a big commitment from its government to develop sharia economy," said Wimboh.
He especially highlighted the opportunities for developing the Islamic financial system in Indonesia, where the first stage that needs to be done is to improve the living standards of the community to bring the demand for sharia industry.
Efforts to improve the living standard are realized through the development of Islamic financial institutions which then hope can stimulate the community into the sharia sector.
Then, continued Wimboh, sharia economic development can also be done by penetrating the already established community to start a sharia lifestyle.
"Right now we are starting to improve in the form of 'rebranding', the more important is how to create sharia business," he said.
Read Also
FAB to Provide Over AED500 Billion (USD135 Billion) in Green Finance…
CTBC Supports Taiwanese Employees to Go Overseas
Rakuten Card’s Systems Development Subsidiary in Vietnam Relocates…
Increase in New Loan Disbursement Drives Growth in KB Bukopin's Interest…
PermataBank Holds Annual General Meeting of Shareholders 2023 and…
Today's Industry

Jumat, 28 Maret 2025 - 22:21 WIB
SUNeVision Initiates MEGA IDC Phase Two Development
SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…

Jumat, 28 Maret 2025 - 22:07 WIB
TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of 50th Anniversary
PT Metrodata Electronics Tbk (MTDL), the largest technology Company with the most complete IT and telecommunications products in Indonesia, managed to record a revenue of IDR 25 trillion in…

Jumat, 28 Maret 2025 - 22:00 WIB
Wireless Logic Selected By Thales As IoT Connectivity Partner
Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…

Jumat, 28 Maret 2025 - 21:53 WIB
Microvista Expands International Presence with Mobile CT System ScanExpress
The German specialist in industrial computed tomography and non-destructive testing, Microvista, announces the European expansion of its innovative mobile CT system, ScanExpress. The system…

Jumat, 28 Maret 2025 - 21:44 WIB
Turning Loss into Profit, INOV Optimistic in Maintaining Positive Performance this Year
PT Inocycle Technology Group Tbk (INOV:IJ) Indonesia's leading and largest PET waste recycling Company managed to book sales of IDR 629 Billion in 2024, an increase of 4.8% compared to the previous…
News Comment