Economy, Islamic Finance A New Source of Growth

By : Wiyanto Dan Aldo Bella Putra | Tuesday, September 18 2018 - 15:30 IWST

 Dody Budi Waluyo Deputi Gubernur BI (Foto Dok Industry.co.id)
Dody Budi Waluyo Deputi Gubernur BI (Foto Dok Industry.co.id)

INDUSTRY.co.id - Jakarta - Development of the Islamic financial economy is needed to strengthen the economic structure and financial markets in supporting sustainable economic growth. This is based on the promising potential of sharia economic and financial development.

Dody Budi Waluyo, Deputy Governor of Bank Indonesia, said that the issues related to the potential for sharia economic development were raised in international seminars.

"Global economic and financial turmoil is one of the challenges in achieving inclusive and sustainable economic growth," he said in Jakarta, Tuesday (09/18/2018).

According to him, global imbalances are widening. The gap in terms of mastering the factors of production, education and income can hinder the realization of an economy that grows evenly, fairly, proportionally and sustainably. Sharia economic and financial development is expected to be one of the efforts to strengthen the current and future global economic and financial market structures.

"Islamic economy and finance have great potential as a source of new economic growth and to improve the current account deficit," he said.

News Comment

Today's Industry

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…

Ilustrasi pabrik beras. (Foto: DetikFood)

Rabu, 21 Februari 2024 - 08:40 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE. “We believe that there is enough rice for the fasting…