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RI should become center of Islamic finance: President

President Joko “Jokowi” Widodo said on Sunday that Indonesia should become the center of the global sharia finance system owing to its huge potential for building such a financial system.

“I warmly welcome the proclamation of the Islamic finance campaign. We need to pay close attention to the sharia financial service sector. It has rapidly grown but is not yet optimal if we look at its potential,” he said as quoted by Antara.

The President was speaking during the launch of the “I Love Shariah Finance program initiated by the Financial Services Authority (OJK) in Senayan, Central Jakarta.

Jokowi said they are the country with the largest number of micro financial institutions in the world, and the biggest Islamic debt paper [sukuk] publisher as well. They are the one and only country that issues retail Islamic debt papers so that they can be widely used and developed.

Jokokwi also said If such huge potential could be developed well, Indonesia could become a center for the development of international sharia finance. 

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