Indonesia regulator looks to seven new ’strategic programmes’ to boost Islamic finance

Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan, OJK) last week released seven strategic programmes as part of its roadmap to develop the Islamic finance industry through 2019, building on its five-year strategy published in Jun 2015.

The new strategic programmes for 2017-2019 range from public awareness campaigns to developing fintech for Islamic financial institutions.

There is a continued focus on expanding branchless banking, which has not gained as much traction in the Islamic finance industry as in the conventional sector.

New areas of development include Islamic fintech, following regulations for IT-based lending services that were introduced in December 2016.

http://www.salaamgateway.com/en/story/indonesia_regulator_looks_to_seven_new_strategic_programmes_to_boost_islamic_finance-salaam20062017061124/