The Indonesia Sharia Economic Festival (ISEF) 2024 has unveiled four strategic programs to strengthen the national sharia finance and economic ecosystem. Bank Indonesia (BI) Governor Perry Warjiyo announced these initiatives during the ISEF 2024 opening ceremony in Jakarta on Wednesday, stating, “We officially launch these four initiatives to advance Indonesia's sharia economy.” The programs include Halal Traceability, the Sharia Restricted Investment Account (SRIA), digital transformation of pesantren (Islamic boarding schools), and the National Strategy for Sharia Economic and Financial Literacy and Inclusion (SNLIEKSI). The Halal Traceability app is designed to enhance the halal product assurance system, allowing traceability of ingredients from origin to consumer, reinforcing Indonesia's ambition to become a leading global halal producer.
Additionally, the digitalization of pesantren aims to modernize business and financial practices, including digital payment systems, marketing, financial reporting, and administration. Warjiyo extended gratitude to pesantren entrepreneurs for their collaboration, expressing hope that this platform will promote economic independence within pesantren through digital technology, fostering integrated business and financial management. The SRIA initiative, a result of the Financial Sector Development and Strengthening Law (UU P2SK), will allow Islamic banks to gather funds from investment clients and allocate them to specific projects based on profit-sharing agreements. Lastly, SNLIEKSI seeks to improve sharia finance literacy and inclusion through collaborative, integrative modeling. "These four initiatives, God willing, represent our shared commitment to advancing the sharia financial economy for greater prosperity and purpose," Warjiyo concluded.
