The impact of the COVID-19 outbreak on the Islamic financial industry of Indonesia
This article is a chapter out of the e-book, "Impacts of the COVID-19 outbreak on Islamic finance in the OIC countries" that is available as a pdf download from HERE. Read the article in the e-book for the complete set of tables, charts and references.
The novel coronavirus COVID-19 started in the city of Wuhan in China in December 2019 and reached Indonesia on March 2, 2020 with the first two confirmed cases in the city of Depok, Greater Jakarta. Since then, the virus has spread quickly. According to the Health Ministry, as of May 1, 2020, there were 10,551 confirmed cases with 800 deaths and 1,591 recovered patients. This means Indonesia has a 7.58% fatality rate, one of the highest in the world.
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Raditya Sukmana, Imam Wahyudi Indrawan, and Shochrul Rohmatul Ajija