SANTRI EN – Good news came for Indonesia Ranks 4th in early 2024. In the State of the Global Islamic Economy 2023 (SGIE) Report released by DinarStandard, Indonesia ranked fourth in the Global Islamic Economy Indicator (GIEI).
This achievement is an improvement from the previous year, where Indonesia was in fifth position. This positive performance shows that Indonesia continues to show enthusiasm in developing Islamic economy and finance.
Minister of Finance Sri Mulyani Indrawati welcomed this achievement. According to her, this is the result of the hard work of all stakeholders, including the government, regulators, industry, and the community.
“Alhamdulillah, this is a proud achievement for Indonesia. This achievement shows that Indonesia is increasingly recognized as a major player in the global Islamic economy,” said Sri Mulyani.
The SGIE 2023 report assesses the performance of countries in 73 indicators grouped into four main categories: Islamic Finance, Islamic Economy, Islamic Governance, and Islamic Ecosystem.
Indonesia scored the highest in the Islamic Economy category, especially in the halal food, halal tourism, and halal fashion sectors.
Bank Indonesia Governor Perry Warjiyo said that Bank Indonesia will continue to encourage the development of Islamic economy and finance in Indonesia.
“BI will continue to synergize with the government and all stakeholders to strengthen the Islamic economy and financial ecosystem in Indonesia,” said Perry.
Several strategic steps that BI will take include:
- Strengthening Islamic financial regulations and infrastructure.
- Increasing literacy and education for the community about Islamic economy and finance.
- Developing innovative Islamic financial products and services.
- Strengthening international cooperation in the field of Islamic economy and finance.
With various efforts, it is hoped that Indonesia can continue to improve its ranking in the GIEI in the coming years.
Indonesia Ranks 4th Great Potential for Islamic Economy
Indonesia has great potential to become a leader in the global Islamic economy. This is supported by several factors, including:
- The largest Muslim population in the world.
- A large and growing domestic market.
- Strong government support.
- The Islamic economic ecosystem that continues to grow.
By optimizing this potential, Indonesia can become a global Islamic economy hub and provide benefits for the entire community.
Indonesia Ranks 4th Challenges Faced
Despite its great potential, Indonesia still faces several challenges in developing Islamic economy and finance, including:
- Lack of competent human resources.
- Limited access to Islamic finance.
- Islamic financial products and services that are not yet diverse.
- Lack of coordination between stakeholders.
To overcome these challenges, close cooperation is needed between the government, regulators, industry, and the community. With strong cooperation and synergy, Indonesia can realize its aspiration to become a leader in the global Islamic economy.
Indonesia Ranks 4th Expert Interview:
This news can be supplemented with interviews with Islamic economic experts to get their views and analysis on Indonesia’s achievements in the GIEI 2023 and the prospects of Islamic economy in Indonesia.
Data and Statistics:
This news can be supplemented with the latest data and statistics on Islamic economy and finance in Indonesia to strengthen the argument and provide a clearer picture of the development of Islamic economy in Indonesia.
Success Stories:
This news can be supplemented with successful examples of the development of Islamic economy and finance in Indonesia to show that Indonesia has great potential to become a leader in the global Islamic economy.
Indonesia’s fourth ranking in the GIEI 2023 is a proud achievement. However, there is still much homework to be done to realize Indonesia as a leader in the global Islamic economy.
With strong cooperation and synergy from all stakeholders, Indonesia can achieve this target and provide benefits for the entire community.
