Indonesia and IDB studying feasibility of new Islamic microfinance scheme - fin min official
JAKARTA - Indonesia's government is studying the feasibility of a new Islamic Micro Finance for Indonesia (IMFI) scheme to boost access to Shariah-compliant capital for small businesses, Syurkani Ishak Kasim, Director for Climate Finance and Multilateral Policy at Indonesia’s Ministry of Finance, told Salaam Gateway.
Kasim said the IMFI will involve several foreign and local authorities working in collaboration with the IDB, including the Ministry of State-Owned Enterprises (BUMN), Financial Services Authority (OJK), and Bank Indonesia (BI), the country’s central bank.
“We are examining Shariah financing models that are applicable for Indonesia. The IMFI is one of our efforts to promote more Islamic finance and micro finance in Indonesia,” Kasim told Salaam Gateway on April 29.
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