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Tuesday, December 23, 2008

Central bank to continue promoting sharia-based economy

Boediono, Bank Indonesia (BI) governor

Jakarta (ANTARA News) - Bank Indonesia (BI) governor Boediono said here on Tuesday that the central bank would continue promoting the shariah-based economic system in the country.

"There must be no doubt that BI supports the development of shariah-based economy," he said in his speech when installing executive board members of the Shariah Economic Community (MES).

He said right now the world was looking forward to a shariah economy following its disappointment over the present economic system that had led to an economic crisis.

He said BI did not only support from outside but also inside the organization for the development of the economic system. "At least two BI deputy governors are board members of the Shariah Economic Community. So it is guaranteed," he said.

Two BI deputy governors, namely Muliaman Hadad, is general chairman of the MES, and Siti Fadjriah as MES' deputy to the advisory board.

Muliaman Hadad after his instalment said he would continue developing the shariah-based economic system because it could be one of the supporting factors of the country's economy.

"I think it needs to be articulated again that the shariah-based economic system is not only an economic foundation for preventing an economic crisis like we are experiencing now but it is also a solution to a crisis," he said.

Former MES chairman Aries Muftie meanwhile said that according to a World Bank report in 2020 Indonesia would be one of the countries with a strong economy.

"And according to the report the development of the country's economy is supported by its shariah-based financial sector," he said.

In view of that, he said the development of the shariah-based economic system had to be boosted to support national development.
"Right now the shariah-based economy only contributes not more than three percent of the country's total economy. It has to be further boosted to support the national economy," he said.

Source : Antara

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