REPUBLIKA.CO.ID, JAKARTA -- The Financial Services Authority (OJK) sets the direction of sharia financial policy through a roadmap and stakeholder collaboration.

Chief Executive Officer of OJK Financial Services, Education and Consumer Protection Supervisor Friderica Widyasari Dewi said that the direction of sharia financial development policy is outlined through the roadmap for each sector.

“Recognizing the strong link between the development of the sharia financial sector and the literacy level and also the inclusion of sharia finance in the community, we also launched a roadmap on supervision of financial services enterprises, education, and consumer protection 2023-2027 that lists the directions and priority programs for improving literacy and inclusion of sharia finance from four key strategies,” Friderica or Kiki, who is familiar with her address, said in ISEI's national webinar Urgency. Halal Products for Sustainable Indonesian Economy' in Jakarta, Monday (26/8/2024).

On December 12, 2023, the OJK has launched a Roadmap for Supervision of Conduct of Financial Services Enterprises, Education, and Consumer Protection for 2023-2027, which focuses on four priority programs.

First, acceleration and collaboration of sharia financial education programs. Second, the development of the sharia financial inclusion and access model.

Third, strengthening literacy infrastructure and financial inclusion of sharia, and third, support and alliance of LIKS strategies with ministries/institutions and stakeholders.

“Developing partnerships with stakeholders that have potential or slices of synergy and collaboration,” he said.

Furthermore, Kiki explained that OJK is also accelerating the country's sharia finance industry by working with relevant stakeholders that include organizations, media, financial sector, local government, and academia.

“In particular, the OJK has established POKJA LIKS, a Sharia Financial Literacy and Inclusion Working Group that includes relevant parties such as DSN MUI, several other sharia organizations and also other stakeholders,” he explained.

The Sharia Financial Literacy and Inclusion Working Group (POJK/LIKS) was formed as a coordination and communication forum to provide input on efforts to improve literacy and financial inclusion of Sharia.

More recently, the OJK initiated the Financial Intelligent National Movement Program (GENCARKAN) to promote the achievement of 98 percent financial inclusion in 2045.

“So I believe this should be a collaboration and synergy together to develop the halal and sharia industry in Indonesia,” Kiki said.