As of February 2024, sharia banking assets and financing will grow 'double digits' on an annual basis.
Sharia Financial Market Share Only 10 Percent, Vice President: There Are Many Devils in Sharia BanksPlease note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atVice President Ma'ruf Amin when giving a speech at the Indonesian Sharia Bank Association Gathering event, Jakarta, Monday .
Vice President Ma'ruf Amin even mentioned that the market share that has not increased beyond 10 percent is due to many demons in Islamic banking that hinder people from switching from conventional to Islamic banking."Why? Because there are indeed many obstacles for the greater good," said the Vice President when giving a speech at the Indonesian Islamic Banks Association Gathering, Jakarta, Monday .
From its history, the development of sharia economics in Indonesia began with the sharia financial sector, especially sharia banking. The movement to socialize sharia economics was intensified in the 2000s. In 2020, the government started to develop sharia economics with four main focuses, namely the financial industry, halal industry, sharia business, and sharia social institutions.
The contribution of Islamic banking to the national economy also needs to be boosted. In addition, an effective, innovative, and sustainable public communication strategy is needed to accelerate the improvement of both literacy and inclusion."Especially to counteract the influence of devilish issues that always hinder progress," said the Vice President.
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