Indonesia to appoint six industry professionals to exec board of nat’l Islamic finance committee
JAKARTA – The Indonesian government is appointing six members to serve on the executive board of the National Committee for Islamic Finance (Komite Nasional Keuangan Syariah, KNKS) that will lead the improvement and expansion of the country’s Islamic finance industry.
The high-level committee, chaired by President Joko Widodo with vice president Jusuf Kalla serving as vice chair, is to start operating by the end of this year.
“The committee will be led by professionals. We expect they will strengthen Islamic financial institutions by formulating incentives and a regulatory system for the industry as well as promoting the benefits of Islamic financial products to the public,” said Widodo at a press conference in Jakarta yesterday.
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