Key insights and market outlook
Bank Indonesia (BI) highlights the importance of enhancing public literacy about Shariah economics to support its growth and contribution to the national economy. Currently, Shariah economics contributes around 43.2% to the national economy and is expected to grow further by 2030 due to demographic changes. BI's Head of Shariah Economics and Finance Department, Imam Hartono, emphasized that clear information dissemination is crucial for broader public understanding.
Bank Indonesia (BI) has emphasized that enhancing public literacy about Shariah economics is crucial for the development and growth of this sector. The central bank believes that better public understanding will drive the expansion of Shariah economics and strengthen the national economy's foundation. According to Imam Hartono, Head of Shariah Economics and Finance Department at BI, clear and easily understandable information dissemination is essential to help the public recognize the potential of Shariah economics more broadly.
The Shariah economy's contribution to the national economy continues to grow, currently standing at approximately 43.2%. This growth is expected to continue, driven by demographic changes leading up to 2030. The increasing significance of the Shariah economy underscores the need for enhanced literacy and awareness among the public and stakeholders.
As Indonesia moves towards 2030, the role of Shariah economics is anticipated to become even more prominent. Bank Indonesia's efforts to improve literacy are seen as a critical step in supporting this growth and ensuring that the public can fully leverage the benefits offered by Shariah economic principles.
Shariah Economy Growth Projection
Financial Literacy Initiative