Govt seeking to expand sharia economy market share


Jakarta (ANTARA) - Finance Minister Sri Mulyani Indrawati has said that her ministry has been expediting efforts to increase the market share and role of the sharia economy in the national economy.

"So far, the Finance Ministry has taken steps to increase the share and role of the Islamic economy in the Indonesian economy," she informed at a press conference here on Tuesday.

Indrawati said the first step taken by the Finance Ministry was to support the state Islamic securities instruments so that Indonesia became the main issuer of sharia-compliant bonds (Sukuk) in the global market.

Moreover, the development of sharia securities in retail is improving as the number of investors, most of whom are millennials, is also increasing, she noted.

In addition, the Finance Ministry has issued the Finance Ministerial Regulation Number 57 of 2021 for small and medium enterprises developing halal products so that they are not troubled with tariffs in obtaining halal certification, she added.

She also said that budget-wise, the state budget is also supporting the Halal Product Guarantee Agency in guiding MSME players with regards to halal products.

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