The Islamic economy and finance in Yogyakarta have shown significant development, becoming an integral part of the region's economic activities and community life. This indicates that Islamic economy has substantial potential as an inclusive and sustainable solution for Yogyakarta's economy. Vice President K.H. Ma’ruf Amin emphasized the synergy between various economic potentials and opportunities with Islamic economic and financial principles to enhance inclusive and sustainable community welfare. Speaking at the inauguration of the Regional Committee for Islamic Economy and Finance (KDEKS) and the Grebeg UMKM DIY 2024 event, he noted that over one-third of Yogyakarta's economy is supported by sectors aligned with the halal value chain, including manufacturing, agriculture, accommodation, and food and beverage industries. Additionally, tourism and higher education activities contribute around 60% to the provincial economy, making Yogyakarta a city of students, a cultural tourism destination, and a productive MSME hub.
Ma’ruf Amin further explained that the Islamic economy and finance are inclusive, serving all communities as a system for the overall good. For Muslims, it is obligatory as it encompasses faith, worship, and economic activities. To accelerate the development of Islamic economy and finance nationwide, the National Committee for Islamic Economy and Finance (KNEKS) has established KDEKS in 31 provinces, including DIY, with only seven provinces remaining. In alignment with Ma’ruf Amin's views, Ibrahim, the Head of Bank Indonesia Yogyakarta, underscored the importance of supporting inclusive Islamic economy and finance, highlighting the growing demand for halal products due to the predominantly Muslim demographic. He emphasized the universal values of Islamic economic principles, such as justice, inclusivity, transparency, cooperation, and sustainability. DIY Governor Sri Sultan Hamengkubuwono X, represented by Vice Governor KGPAA Paku Alam X, highlighted the strategic role of Islamic economy and finance in supporting MSMEs through fair and transparent financing, improved access to capital, better risk management, and business sustainability.
