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Sharia Finance Can Boost the Economy: OJK

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29 September 2016 19:56 WIB

Sharia Bonds. TEMPO/Eko Siswono Toyudho

TEMPO.CO, Jakarta - The Financial Services Authority (OJK) continues to push for the sharia financial industry. The industry is expected to continue growing and quite unaffected by global economic downturn conditions.

OJK's deputy commissioner for capital market supervision Sarjito said that with an optimal contribution, the sharia finance industry can help boost the economy.

"The industry's performance continues to improve," he said at the OJK's FSA International Conference on Islamic Finance in Jakarta, Thursday, September 29.

Sarjito said that as of until 2015, the industry's total assets have grown by an average of 10 percent to Rp617 trillion. This is a significant growth rate compared to other sectors.

Earlier, Finance Minister Sri Mulyani Indrawati said Indonesia needs to take advantage of the sharia finance sector's market opportunities. The industry, she said, has been growing rapidly on a global scale, garnering public interest on the investment instruments it offers.

Sri said that Indonesia's sharia finance industry continues to grow. In the last 8 years, the total value of sukuk (Islamic bond) issuance of has reached Rp538.9 trillion, with outstanding value of Rp391.1 trillion.

GHOIDA RAHMAH | ANTARA



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