Indonesia: President calls for reform of alms managemen

  • President Joko Widodo has called for reform of alms and endowment management as well as sharia-based financial industry to support poverty alleviation and economic inequality eradication program.
  • “In developing sharia-based financial industry, it must give the benefit to productive sectors, including efforts in povery alleviation to reduce inequality,” the President said at the opening of the National Sharia Financial Committee plenary session here on Monday.
  • Jokowi said, the number of sharia-based micro finance institution and micro endowment bank, especially in boarding schools, should be increased in 2018 thus it could spread across Indonesia.
  • Jokowi said, Indonesia has a huge potential to develop sharia-based economy in various sectors including halal food, pharmaceutical industry, muslim garment industry, and sharia-based tourism sector.
  • Meanwhile, Religious Affairs Minister Lukman Hakim Saifudin said, the government would issue a presidential decree on alms collection for civil servants. Under the regulation, the government would offer a 2.5 percent voluntary cut on muslim civil servant`s salary for alms.

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