Sharia Economy Highly Resistant to Crisis, Says Economist

TEMPO.CO, Jakarta - Sharia national economy which relies on the real sector is highly resistant to a crisis situation, Professor Dian Masyita of the School of Economics and Business of Padjadjaran University (Unpad) said on Saturday.

The real sector plays a role in fulfilling the people's basic needs and has a wide-ranging multiple effect on many fields including the creation of jobs, she said.

In addition, sharia national economy also has large potential to grow in the country with the largest Muslim population in the world, she said.

However, she added the country still has a lot of challenges to address especially in the sharia financial sector including the people's low literacy rate inclusion.

In the sharia capital market, a lack of products issued by companies also posed a major hindrance to the development of sharia economy, she said.

"There are a lot of common tasks to be accomplished in 2021," she said.

To address the challenges of sharia economy, PT Prudential Life Assurance (Prudential Indonesia) launched PRULink Syariah Rupiah Multi Asset Fund.

"This is one of the solutions to drive the Indonesian people to invest in sharia assets, including sharia stocks," Sharia, Government Relations and Community Investment Director of Prudential Indonesia Nini Sumohandoyo.said.

The program is also aimed at supporting the government's effort to spur the growth of sharia economy which has large potential to develop, she said.

PRULink Syariah Rupiah Multi Asset Fund is sharia-based rupiah-denominated investment fund mix that gives customers access to more stable investment with diversified sharia domestic assets.

Also Read: Jokowi: Sharia Economy is Key to Becoming World's Largest Economy

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