Indonesia’s Growing Islamic Economy Success

Bank Indonesia (BI) has reaffirmed its commitment to positioning Indonesia as the global center for sharia economics and finance. BI Governor Perry Warjiyo highlighted the country’s remarkable achievements since the launch of Islamic economic development initiatives in 2015, particularly Indonesia’s emergence as the world leader in modest fashion.

“Alhamdulillah, 10 years of Indonesia has become one of the players in the global Islamic financial economy. Indonesia is number 1 in modest fashion in the global world, the world’s modest fashion Qiblat is Indonesia,” Perry stated during the 2025 National Economic and Sharia Finance Facilities event on Wednesday, August 13.

Current Position in Global Islamic Finance

In the Islamic finance sector, Perry emphasized the significant role of Bank Syariah Indonesia (BSI) as the largest Islamic banking institution in the country. Globally, Indonesia has secured a position among the top three countries in Islamic finance, demonstrating the nation’s growing influence in this sector.

Six Strategic Pillars for Global Leadership

1. Santri Gate Initiative

This comprehensive movement focuses on empowering Islamic boarding schools (pesantren) as centers of economic activity. The strategy includes:

• Strengthening productivity within pesantren communities
• Digitalizing business operations
• Implementing more professional financial governance
• Integrating pesantren into the national halal value chain

2. Export Winner Strategy

This approach aims to expand Indonesian halal products into international markets through:

• Establishing sharia entrepreneurship networks based on Islamic boarding schools
• Strengthening market access for local producers
• Improving export systems and infrastructure
• Building strategic international cooperation agreements

3. Halal Gema Movement

This initiative accelerates the development of halal ecosystems nationwide by:

• Increasing availability of halal raw materials
• Fast-tracking halal certification processes
• Strengthening halal centers across the country
• Enhancing consumer protection mechanisms

4. Greet Sharia Program

Through this strategy, BI will enhance the role of Islamic financial institutions, including:

• Developing Islamic-based foreign exchange markets (PUVA)
• Expanding access to Islamic financial services
• Improving financial inclusion through sharia-compliant products

5. Ziswaf Channel Development

This strategy promotes national collaboration in managing Islamic social finance through:

• Developing zakat (obligatory charity) systems
• Strengthening infaq and alms collection mechanisms
• Enhancing waqf (religious endowment) management
• Creating synergies among stakeholders to expand sharia-based social financing

Future Vision and Implementation

Governor Perry emphasized that these future steps must be implemented with greater strength and structure to ensure Indonesia truly becomes the mainstream force in global Islamic economics and finance. The comprehensive approach addresses various aspects from grassroots economic empowerment to international market penetration, positioning Indonesia for sustained leadership in the global Islamic economy.

Original Article:

VOI. (2025, August 14). 6 BI strategies towards the main current of global sharia economics and finance. https://voi.id/fr/economie/504909