Covid-19 pandemic, momentum to strengthen sharia economics

Rectorate, UIN News Online – The Covid-19 pandemic is seen as a momentum to strengthen the sharia-based economy, said Independent Commissioner of Bank Syariah Indonesia (BSI) Muh Arief Rosyid Hasan. According to Muh Arief, the economic system currently implemented in Indonesia is not running in a balanced way.

“Currently, various industrial sectors are controlled by certain players. Therefore, I hope the sharia economy can be present as a counterweight,” said Arief in a webinar organized by the Student Regiment (Menwa) of UIN Jakarta, Saturday (09/11/2021).

He also believes that efforts to strengthen the sharia economy is deemed very neccesarry. One small step that can be applied to strengthen the Islamic economy, he said, is to start saving in Sharia banks.

“Sharia economics is an economic system that is in line with the principles of sustainable finance, which is parallel to economic, social and environmental interests,” he said.

On the same occasion, Professor of Islamic Economics at UIN Jakarta M Nur Rianto Al Arif, assessed that the momentum of this pandemic has given positive things, namely accelerating the digitization process which makes work more efficient. In addition, the pandemic period is also seen as a momentum to revive the Sharia economics.

“Well, that’s the challenge, especially for the Sharia economics,” he said.

PT Indo Premier Sekuritas Investment Specialist, Peni Ramadani, also invites the public to start looking at sharia-based investment instruments, one of which is by investing in sharia stocks.

According to him, the number of Islamic stock investors in Indonesia is currently only 24.7 percent, while the total ratio is only 4.1 percent. Although the number of enthusiasts in investment instruments is not yet dominant, public awareness of sharia investment continues to increase from time to time.

“Currently, People's awareness of sharia investment is ncreasing,” he said. (usa/ns)