How creating an empowered institution will bolster Indonesia’s Islamic economy
Indonesia’s ambition to deepen its presence and lead the global Islamic economy has long been established on strategy documents, national roadmaps, and high-level vision statements. Execution, however, remains the real test.
The planned transformation of the National Committee for Sharia Economy and Finance, more commonly known as KNEKS, into Badan Ekonomi Syariah or Shariah Economy Agency is now visible on the horizon, with a draft under inter-ministerial discussion and expectations of being signed in the near term.
This shift is not new. Analysts and stakeholders have long advocated that Indonesia’s nascent Shariah governance architecture should evolve beyond a coordinating committee to an empowered institutional body with stronger legal standing. But as final legal instruments progress toward issuance, the practical implications of this transition and its stakes deserve careful examination.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
Rianovel Mare