Q&A: What is the Sharia Financial Literacy Index, and what other tools does Indonesia use to inform its Islamic economy strategy?
Indonesia launched its 443-page Shariah Economy Masterplan in May 2019, a move that signalled the country’s serious intent to develop its Islamic economy in a structured way. The development of the Islamic economy is part of Indonesia’s Medium-Term National Development Plan RPJMN 2019-2024. The masterplan was many years in the making, with a lot of smaller steps cumulatively forming the sum of its parts. One of those steps is the national survey to measure financial literacy and financial inclusion.
Why you should read this: This Q&A with Dr Sutan Emir Hidayat, Director of Education and Research of the National Islamic Finance Committee (KNKS), will inform you about the Islamic component of the Financial Literacy Index, as well as what you can expect from the government this year with regards the Islamic economy.
1. When was Indonesia's Sharia Financial Literacy Index developed, and by whom?
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