Govt Gives More Incentives to Boost Sharia Economy

To boost Indonesia’s sharia economy, Financial Service Authority (OJK) will give a lot of incentives to Sukuk instrument. Every Sukuk issuance will secure levy deduction. Previously, Ministry of National Development Planning together with the National Committee on Sharia Finance is preparing a sharia economy roadmap, which could overcome the persistent current account deficit (CAD).

The minister Bambang Brodjonegoro on July 25 said the sharia economy especially halal goods and halal tourism could be an effective recipe to overcome Indonesia’s CAD. Since 2011, Indonesia suffers current account deficit due to the commodities demand slowdown and commodities price fell.