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🇮🇩 Indonesia /Economy & Trade

Indonesia's Sharia Economy Society Unveils 2030 Development Roadmap

From Republika · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • - Indonesia's Sharia Economy Society (MES) has outlined a roadmap for developing Islamic economics by 2030, aiming to establish the country as a global hub.
  • The plan involves four stages: strengthening organizational foundations, accelerating expansion, scaling up programs globally, and consolidating achievements.
  • The initiative seeks to broaden the benefits of Islamic economics for the wider community.

The Masyarakat Ekonomi Syariah (MES) has detailed a four-stage development plan for Islamic economics, aiming to position Indonesia as a global center for the sector by 2030. The roadmap focuses on strengthening the organization's foundation, accelerating program implementation, expanding its reach, and ultimately consolidating Indonesia's global standing.

The roadmap for achievement has been compiled in stages, starting from the foundation to strengthening the Islamic economy in its global role.

— Ferry JuliantonoFerry Juliantono, Minister of Cooperatives and Chairman of MES, explaining the phased approach to developing Islamic economics.

Ferry Juliantono, Minister of Cooperatives and Chairman of MES, explained that the plan will unfold over five years, with each phase targeting distinct objectives. The initial phase in 2026, "Foundation and Consolidation," will focus on solidifying MES's organizational structure and program frameworks. This will be followed by the "Acceleration and Expansion" phase in 2027, aimed at broadening the scope and impact of Islamic economic activities.

The subsequent phase, "Strengthening and Scalability," from 2028 to 2029, will concentrate on solidifying previous achievements and extending program reach and partnerships internationally. The final stage in 2030, "Consolidation and Refinement," will aim to perfect all accomplishments and cement Indonesia's position in the global Islamic economy landscape.

2027 is the Acceleration and Expansion phase, broadening reach, speeding up program implementation, and increasing tangible impact.

— Ferry JuliantonoFerry Juliantono detailing the focus of the second phase of the Islamic economic development plan.

While MES emphasizes program development, KH Adi Hidayat, Chairman of the MES Expert Council, highlighted the crucial need for public readiness. He stressed that robust systems and programs are insufficient without a prepared populace, advocating for increased public awareness about prioritizing Islamic economics as a matter of faith and worship. Friderica Widyas, Chairwoman of the OJK and Vice Chairman of MES, also contributed to the discussion.

MES's vision is extraordinary. However, good systems and programs are not complete if it's not clear who will implement them. Efforts are needed to build public awareness first that prioritizing Islamic economics is part of the values of faith and worship.

— KH Adi HidayatKH Adi Hidayat, Chairman of the MES Expert Council, emphasizing the importance of public readiness in the development of Islamic economics.
DistantNews Editorial

Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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