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Indonesia targets 50% in sharia economic literacy

Vice President Ma'ruf Amin aims to boost Indonesia's sharia economic literacy index from its current 23.3% to 50%. Speaking at the 6th National Conference of the Sharia Economic Community in Jakarta, Amin emphasised Indonesia's potential and the need to elevate the literacy index. The rise in public literacy is expected to increase the use of sharia financial products, boosting the sector's contribution to the national economy. Currently, the 23.3% literacy rate has led to a mere 10.9% market share in sharia finance. However, Amin highlighted Indonesia's global growth in the sharia financial sector and its position as the third-largest shareholder in the Islamic Development Bank. He stressed the importance of sharia economics for national growth, particularly supporting MSMEs and smaller communities.


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