IslamicFinance.de

In #Indonesia the Financial Service Authority (OJK) is seeking to boost Islamic financial products growth through better access to the financial service industry. According to OJK Commissioner Council member Firdaus Djaelani, better access to financial products will ease service delivery, lead to the affordable price, as well as to other benefits. The market share of Islamic finance in Indonesia is still low at 5.3%. However, Firdaus is optimistic that Islamic finance industry has a huge potential. He believes that people need to participate in enhancing market share of Islamic finance industry, including through engagement in the Islamic Economic Society (MES). The better understanding of Islamic financial products will open up access to financial institutions. Better access for the people and SMEs will also provide a sense of security in financial investment.