President Joko Widodo asked the National Committee on Sharia Finance to take measures in developing the high potential of sharia economy in Indonesia. On opening of the Plenary Meeting of the Committee on Monday at the Presidential Office in Jakarta, the President said the development of Sharia economic potential should be aimed at becoming the main driver of the national economy. In addition, according to him, the development of sharia financial industry should also be aimed at encouraging productive development. The President also hopes the National Committee of Sharia Finance to expand the Islamic Micro Finance Institution at boarding schools in Indonesia. In addition, the President also highlighted the importance of zakat and waqf management reform to be able to overcome the poverty and to suppress inequality.


"I want to emphasize that in the development of sharia economy we should not only become the target market and industrial products of other countries and consumers. With the huge market potential in our country, we must be the main driver of sharia economy. In addition, the development of Islamic finance industry must be really beneficial for productive things including supporting efforts to reduce poverty in order to suppress the number of inequality" the President said.

As a country with the largest Muslim population in the world, Indonesia has enormous potential to develop the financial and economic sectors of sharia. President Joko Widodo mentioned that in the sharia financial industry sector, sharia banking assets continue to increase in 2017, reaching 435 trillion rupiah or about 5.8 percent of the total banking assets of Indonesia. And so does the syariah capital market where the market share of Sukuk Indonesia reached 19 percent of all sukuk published by various countries.

In addition, total assets of the non-bank Islamic financial industry have also doubled in the last 5 years. According to the President, Indonesia also has enormous potential in collecting religious social funds, such as pilgrim funds, zakat funds, waqf funds, as well as funds of infaq and alms. Some sectors of Islamic economics that can be developed include the fashion industry, Muslim fashion, halal food industry, pharmaceutical industry and also the tourism sector./// (VOI/Andy/AHM)


Human rights violations on Rohingya ethnic group in Rakhine, Myanmar are highlighted by the United Nations High Commissioner for Human Rights (UN) at the Jakarta International Conversation on Human Rights held by the Indonesian Ministry of Foreign Affairs in Jakarta on Monday 5/2). In his remarks, the UN High Commissioner for Human Rights, Zeid Ra`ad al Hussein said genocide and ethnic cleansing are likely to have taken place in Rakhine, Myanmar. The statement is based on the direct testimony of the refugees.

"The atrocities recounted by the refugees, who constitute well over half the Rohingya living in northern Rakhine, include brutal killings, enforced disappearances, arbitrary detention, atrocious sexual violence, and destruction of homes and livelihoods. Although any definitive finding should be made by an appropriate tribunal, my Office considers that acts of genocide and ethnic cleansing may have occurred," UN High Commissioner for Human Rights, Zeid Ra`ad al Hussein said

Zeid Ra`ad al Hussein added that in addition to violating the Rohingya ethnicity in Rakhine, the Government of Myanmar also refused to grant citizenship, legal status and birth certificates to the Rohingya in Rakhine which has implications for the loss of their rights as citizens of Myanmar. According to him, this humanitarian crisis is very serious and impact on the security of Southeast Asia region. Therefore, he hopes the Government of Myanmar can solve this crisis by focusing on the socio-economic development plan in Rakhine. ///(VOI/REZHA/AHM)


At the session of National Committee for Sharia Finance President Joko Widodo (Jokowi) has remarked that the potential of Islamic finance development in Indonesia is very great, considering the country has largest Muslim population in the world.

"Therefore, we have to be serious to work on this potential. I see that this potential shows an improvement," President Jokowi said in a meeting held at the Presidential Office here on Monday.

According to the President, sharia banking assets continue to increase in 2017 amounted to Rp435 trillion (about US$32.2 billion), or about 5.8 percent of the total assets of Indonesian banks.

In addition, the sharia capital market in Indonesia also continues to improve with market share of sukuk (the Islamic financial certificate) reached 19 percent of all sukuk which are issued by various countries.

The government also noted that non-bank Islamic finance industry assets have doubled since 2013.

"We also have enormous potential in the collection of religious social funds such as pilgrims, zakat funds, waqf funds, and alms," the President said.

He explained that the potential of sharia industry and trade that can be immediately developed among others Muslim fashion industry, halal food industry, pharmaceutical industry and tourism industry.

"We have the highest halal food consumption level in the world," Jokowi said, adding that the country is the world`s fifth largest market for Muslim clothing, halal medicine and cosmetics.

Halal refers to what is permissible or lawful in Islamic law. It is frequently applied to permissible food and drinks.

The Head of State urged all people to become the driving force of sharia economy in the country and also abroad. (antaranews)

The Indonesian Army (TNI AD) wants the targeted achievement of strategic planning in 2018 at the 100 first day program of tge Indonesian Military (TNI)  commander, Air Marshal Hadi Tjahjanto.  It was stated by the Indonesian Army Chief of Staff, General Mulyono to Media on the sidelines of Leaders Meeting of The Indonesian Army 2018 at the headquarter in Jakarta on Monday (05/02).  Mulyono said the targets achieved are like boards of organization, doctrine, personnel, capability development, material and the use of power for war and non war. However, related to the main weaponry system , TNI AD will focus on supporting facilities equipment.
"I complete it, I will not procure new main weaponry system, but only completing what we have bought.  I see that the new main weaponry system in 2018 and 2019 will come. What we have already purchased must be completed to be operated, " Mulyono said. 
General Mulyono explained the Indonesian Military continously pays attention to prioritized scale in procuring new weapon which is based on the budget,  so the Indonesian Military wants all the main weaponry system can be operated soon at the second strategic planning// (VOI/Ahmad Faisal/AHM)