Indonesia regulator looks to seven new ’strategic programmes’ to boost Islamic finance
Photo: Muliaman Hadad, the central bank's deputy governor speaks in an interview in Jakarta June 21, 2010. Hadad is also the chairman of the board of commissioners of the Financial Services Authority (OJK). REUTERS/Crack Palinggi
Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan, OJK) last week released seven strategic programmes as part of its roadmap to develop the Islamic finance industry through 2019, building on its five-year strategy published in Jun 2015.
According to Muliaman Hadad, chairman of OJK board of commissioners, the roadmap is dynamic and can be updated based on current progress and input from stakeholders.
Since 2015, OJK has introduced wide-ranging initiatives to increase financial inclusion and boost the share of the Islamic finance industry to 15 percent by 2023 from around 5 percent currently.
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