Economy, Islamic Finance A New Source of Growth

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.