Jakarta (ANTARA) - Vice President Ma'ruf Amin underscored the importance of improving the management and distribution of Islamic social funds to alleviate poverty in Indonesia.

Amin made the statement while delivering an opening speech at the inauguration of the Center for Sharia Economic Development (C-SED) of the Institute for Development of Economics and Finance (INDEF) in Jakarta on Tuesday.

On the occasion, Amin underscored that the Islamic economy and finance have huge potential to boost Indonesia's economy.

"In 2030, the contribution of the Islamic economy to the national gross domestic product (GDP) is projected to hit USD10 billion, or accounting for 1.5 percent of the total GDP value," he highlighted.

Considering this, Amin underlined that the government has decided to focus on several pillars while devising and implementing strategies for the development of the Islamic economy and finance in the country.

The crucial pillars are strengthening regulations and institutions, scientific and technological innovations, digitalization, and literacy building.

He further remarked that support from all relevant stakeholders is paramount to pursuing the four main pillars.

The vice president then underlined that INDEF can play a crucial role in this cause.

He expressed hope that the institute would play an active role by providing in-depth insights, identifying opportunities, and offering solutions to matters impeding the development of the Islamic economy and finance.

The vice president also expected the INDEF to participate in initiatives aimed at boosting people's knowledge and comprehension of Islamic economic and financial products by organizing seminars, issuing publications, and collaborating with non-governmental organizations.

Amin stated that such initiatives are expected to help the government bolster people's understanding and acceptance of the Islamic economy and accelerate the implementation of brand-new innovative Islamic economic products.

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Translator: Andi F/Benardy F, Tegar Nurfitra
Editor: Rahmad Nasution
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