Indonesia eyes bigger Islamic finance market share after launch of social security agency's Shariah service
JAKARTA – Indonesia’s workers social security agency BPJS Ketenagakerjaan will start offering Shariah services from next month, a move the government hopes will help boost Islamic finance market share.
The move comes as part of the government’s Islamic economy masterplan 2020-2024 that stipulates BPJS Ketenagakerjaan provide Shariah-compliant services to provide Islamic options for workers.
Aceh will make Shariah-compliant services mandatory from August and other provinces are expected to provide Islamic services alongside conventional offerings by 2024.
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