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)
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.

News Comment

Today's Industry

Bentley Systems Announces the Availability of OpenBuildings Station Designer

Minggu, 19 Mei 2019 - 14:58 WIB

Bentley Systems Announces the Availability of OpenBuildings Station Designer

Bentley Systems, Incorporated, the leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, today…

Ponemon Institute

Selasa, 16 April 2019 - 11:16 WIB

2019 Ponemon Study on Automation and Cybersecurity Staffing in Asia Pacific, United States and the UK shows an evolving Asia Pacific cybersecurity arena

2019 Ponemon Study on Automation and Cybersecurity Staffing in Asia Pacific, United States and the UK shows an evolving Asia Pacific cybersecurity arena

Hypertherm software

Selasa, 16 April 2019 - 10:57 WIB

Hypertherm Unveils New Home for Cam Software Content

Hypertherm unveils new home for CAM software content HANOVER, N.H. — April 16, 2019 — Hypertherm, a U.S. based manufacturer of industrial cutting systems and software, is unveiling a brand-new…

Etihad Airways airline (Foto Ist)

Kamis, 11 April 2019 - 12:44 WIB

ETIHAD AIRWAYS TO INTRODUCE BOEING 787 ON SERVICES TO KUALA LUMPUR AND BRUSSELS

ETIHAD AIRWAYS TO INTRODUCE BOEING 787 ON SERVICES TO KUALA LUMPUR AND BRUSSELS

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions

Kamis, 11 April 2019 - 12:34 WIB

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions