Jakarta (ANTARA) - Indonesian Vice President Ma'ruf Amin drew attention to four strategies to develop the sharia banking industry, including by increasing its resilience and competitiveness.

"We must prioritize the quality of governance and risk management to build resilience for the national sharia banking industry," he stated at the Indonesian Sharia Bank Association (Asbisindo) gathering in Jakarta on Monday.

He then pressed for innovative sharia banking products and services that highlight uniqueness and diversity for the benefit of the people.

"Please explore opportunities for consolidation between sharia business units to strengthen competitiveness and make more significant contributions," Amin emphasized.

The second strategy pertains to increasing capacity and quality of sharia banking human resources (HR) as well as accelerating sharia banking digitalization.

The vice president believes that human resources and technology are absolute prerequisites to strengthening the sharia banking industry. Hence, accelerating business process digitalization and adjusting to technological developments are deemed crucial.

"Increasing capacity and quality must cover all levels of human resources, from technical and operational, managerial to sharia banking supervisors," he stressed.

The third strategy is the contribution of sharia banking to the national economy.

In this strategy, Amin called for increased access to sharia financing for micro, small, and medium enterprises (MSMEs) to encourage the realization of inclusive and sustainable economic development.

Apart from that, the sharia banking industry should be able to increase the role and contribution of sustainable project financing, including through sharia government and business entity (KPBU) cooperation schemes, he added.

Lastly, the fourth strategy entails strengthening synergy and collaboration to increase sharia financial literacy and inclusion.

Amin affirmed that sharia banking can be a driver of synergy and active collaboration in the halal industry and sharia social finance sectors.

Hence, the vice president considers it important to support the implementation of national sharia banking development, in line with the road map guidelines provided by financial authority institutions.

"An effective, innovative, and sustainable public communication strategy is also needed to accelerate increased literacy and inclusion in sharia banking," he revealed.

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Translator: Benardy Ferdiansyah, Resinta Sulistiyandari
Editor: Rahmad Nasution
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