Islamic finance starts at home, not at the bank, says university head and financial management coach Dr. Murniati Mukhlisin
JAKARTA - Indonesia is home to the world’s biggest Muslim population but Islamic finance comprises only around 10% of financial assets. The government wants Islamic banks, as a sub-sector, to reach at least 15% of total banking assets by 2023 (it was 6.47% last year) and it has a national masterplan to drive growth.
Considering the low uptake of Islamic finance, one woman believes Muslims need a different approach. Dr. Murniati Mukhlisin has been on a mission to teach finance the Islamic way through families, not banks.
“I feel that 90% of Indonesians, whether on campus, in the industry or at the grassroots or family level, don’t really embrace Shariah as their lifestyle,” the Rector of Islamic university Institut Tazkia told Salaam Gateway.
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