Bolster literacy about sharia finance and economy amid pandemic: VP

Bolster literacy about sharia finance and economy amid pandemic: VP

Vice President Ma'ruf Amin. ANTARA/HO-Asep KIP Setwapres/pri.

The commitment of all parties to work in synergy should not be dampened by the pandemic situation. Otherwise, this situation could help boost the accelerated utilization of digital technology, so that its education and coverage can be wider.
Jakarta (ANTARA) - Vice President Ma’ruf Amin has urged all parties amid the COVID-19 pandemic, when nearly all activities have gone online, to boost literacy regarding the sharia economy on digital platforms.

Amin made the statement during the 2021 National Scientific Meeting (Temilnas) XX organized virtually by Diponegoro University’s Islamic Economy Study Friendship Forum (FoSSEI) here on Monday.

“The commitment of all parties to work in synergy should not be dampened by the pandemic situation. Otherwise, this situation could help boost the accelerated utilization of digital technology, so that its education and coverage can be wider,” the VP underscored.

The public’s literacy on sharia economy and finance becomes a crucial factor in pursuit of success in sectoral development.

“The higher economic and financial sharia literacy in the community, the higher the halal and sharia-compliant goods and services utilized by the community,” he emphasized.

High level of public literacy and utilization of sharia products can help boost sustainable economic growth and sharia finance in Indonesia, he affirmed.

Citing the Financial Services Authority’s (OJK’s) report, Amin noted that the national sharia financial literacy level was considered to be low, at only 8.93 percent.

Meanwhile, according to Bank Indonesia’s data in 2020, the national sharia social finance and economic literacy index had reached 16.2 percent.

“This condition reflects the hard work that must still be boosted in a bid to improve the people's understanding of sharia finance and economy,” he asserted.

The public’s literacy can be increased through formal education -- academically, vocationally, and professionally -- or through non-formal education via dissemination of information.

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