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Ranking in Islamic Economy Rises, Indonesia Needs Consistency
Indonesia’s sharia economy and finance have developed rapidly in recent years.
JAKARTA, KOMPAS – Indonesia’s sharia economy and finance have developed rapidly in recent years. However, consistency in the implementation of a long-term policy is needed to enable Indonesia to catch up other countries in the sector.
In the 2020/2021 State of the Global Islamic Economy Report (SGIER) released by DinarStandard, a research company based in Dubai and New York, Indonesia was ranked fourth of 57 countries, rising from the fifth position in 2019 and 10th position in 2018. Indonesia’s position is below Malaysia, Saudi Arabia and the United Arab Emirates.