Indonesia to launch Islamic finance masterplan and committee, sign capital markets MOU with Malaysia at WIEF: finmin Asst Minister

JAKARTA -  Details for a masterplan and national committee for Indonesia’s Islamic finance sector will be released at this week’s World Islamic Economic Forum in Jakarta, Andin Hadiyanto, assistant minister for macroeconomy and international finance at the country's Ministry of Finance, told Salaam Gateway.

Hadiyanto said the masterplan will be put forward by the National Development Agency (Bappenas), which will also be releasing a separate document outlining a new national Islamic finance committee.

HALAL HUB AND HALAL SECURITIES AND INVESTMENT HUB

Details of two other initiatives will also be launched at WIEF, said Hadiyanto. Details for an international halal hub will be released by port operator PT Pelabuhan Indonesia II and a memorandum of understanding for a halal securities and investment hub will be signed by Indonesia Stock Exchange and its Malaysian counterpart, according to Hadiyanto.

“The idea of WIEF this year is to bridge Islamic financing to business, including SMEs. We will launch the Masterplan for Indonesian Islamic Financial Architecture that will accelerate Shariah financing for infrastructure improvement, bridge the funding gap, and open new regional and global market lines to meet the target of Indonesia to become a significant player in global Islamic finance,” Hadiyanto told Salaam Gateway.

The WIEF, an annual event organized by Kuala Lumpur-based WIEF Foundation, will be held this year in Jakarta from 2 to 4 August.  

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