Ma'ruf Amin Suggests Tax Reform for Islamic Financial Institution
10 March 2021 09:03 WIB
TEMPO.CO, Jakarta - Vice President Ma'ruf Amin argued that tax reform is necessary for Islamic financial institutions or LKS. He made the statement during the management meeting of the Sharia Economic Community (MES) for the period of 1442-1445 Hijr or 2021-2023.
Ma'ruf observed that Islamic financial institutions are less competitive compared to conventional ones. He suspected the cause to be inaccurate regulations, such as double tax in the murabahah saving scheme.
“This tax reform should be only for sharia banks because its system is surely different from the conventional banks,” said the VP at his official residence in Menteng, Central Jakarta, Monday, March 9.
He also highlighted the importance of empowering micro, small, and medium enterprises (MSMEs) that must be protected from unfair competition. To face new economic flow, Ma'ruf argued that entrepreneurs must cooperate.
“Empowering the people’s economy does not mean contesting the strong and the weak but to build partnerships,” he remarked.
Ma'ruf Amin also discussed the potential development of the halal industry and the waqf program. According to him, waqf can be used as business capital so that the funds will grow and can be beneficial for the economic interests of Muslims.
Read: Ma'ruf Amin on 8% Growth of Indonesia Sharia Economy: Not Optimal Yet
FRANCISCA CHRISTY ROSANA