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Jakarta Post

Insight: The bright prospect of Islamic capital markets

Jakarta   /   Wed, April 11, 2018   /  09:11 am
Insight: The bright prospect of Islamic capital markets According to the Religious Affairs Ministry, almost 40 percent of the haj funds have been invested in sukuk and project-based sukuk since 2010 under an agreement with the Finance Ministry. (Shutterstock/File)

Last week I attended the Islamic Development Bank (IDB) Group’s Board of Governors Annual Meetings in Tunis to represent Indonesia as one of its shareholders. The meeting attracted over 1,000 participants from all IDB Group member countries and offered a vibrant platform for decision makers to discuss various economic, financial and development issues. 

One of the main topics was the prospect of Islamic capital markets. Islamic finance has a pivotal role in shaping the future of the global financial system. It offers an ethical approach that emphasizes the moral values invested in Islamic finance basic principles itself. Thus, the continuous work to further expand and strengthen the Islamic financial industry is an integral part of increasing global economic growth, in parallel with the effort to enhance global financial stability.

In the last dec...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.