Jakarta, CNBC Indonesia \u2014 Bank Indonesia has launched three flagship\nprogrammes at the 2026 Indonesia Sharia Economic Festival (ISEF),\ntargeting the strengthening of Islamic financial markets, zakat\ngovernance and human-resource development.<\/p>\n
The first programme is the Islamic Financial Market Code of Conduct\n(ICoC), a set of guidelines for Islamic financial-market transactions\ndrawn up by the Indonesian Money Market and Foreign Exchange Market\nAssociation (APUVINDO) and IIGMA, in collaboration with Bank Indonesia\nand the Financial Services Authority (OJK). It is intended to strengthen\nmarket integrity and efficiency.<\/p>\n
\u201cThis is a code of conduct for transactions in the Islamic financial\nmarket, issued by APUVINDO. We are working with the association and\nIIGMA, and it was drawn up jointly with Bank Indonesia and, of course,\nOJK, and refined in 2026,\u201d Bank Indonesia Governor Destry Damayanti said\nat the opening of ISEF 2026.<\/p>\n
The second programme is the launch of the Zakat Core Principles (ZCP)\nImplementation Index 2.0, an updated index developed by the National\nZakat Agency (BAZNAS) and Bank Indonesia. It adds a risk-management\ndimension to strengthen zakat governance.<\/p>\n
Destry said the additional risk-management dimension is intended to\nsupport professional zakat governance aligned with global standards.<\/p>\n
The third programme is an international scholarship scheme to support\neducation for overseas students through Islamic social funds. It aims to\ndevelop highly skilled human resources, make productive use of ZISWAF\n(zakat, infaq, sadaqah and waqf) funds, and broaden understanding of the\nIslamic economy.<\/p>\n
Destry said the scholarships were created in response to strong\ninterest among international students in studying Islamic principles in\nIndonesia.<\/p>\n
\u201cBank Indonesia is working with the Ministry of Higher Education,\nScience and Technology on this, because Indonesia\u2019s approach to Islamic\nprinciples is considered quite good at present for fostering global\npeace,\u201d Destry said.<\/p>\n
Destry said the three programmes reflected cooperation between Bank\nIndonesia and ministries, institutions, associations and other\nstakeholders, including Islamic boarding schools.<\/p>\n
\u201cTogether, we can continue to develop the Islamic economy and deliver\nbenefits to the wider public,\u201d she said.<\/p>\n
ISEF 2026, themed \u201cAccelerating Sustainable Islamic Economic and\nFinancial Growth through Synergy and Digital Transformation\u201d, is being\nheld at the Jakarta International Convention Centre (JICC) in Jakarta\nfrom 14 to 18 October 2026.<\/p>\n
This year\u2019s festival is organised by Bank Indonesia in collaboration\nwith ministries and government agencies, as well as regional\ngovernments.<\/p>\n
ISEF 2026 is also supported by national and international strategic\npartners, including the Islamic Development Bank (IsDB), the Islamic\nFinancial Services Board (IFSB), the International Islamic Liquidity\nManagement Corporation (IILM), the Hajj Financial Management Agency\n(BPKH), the Halal Product Assurance Organising Agency (BPJPH), BAZNAS,\nthe Indonesian Waqf Board (BWI) and the Indonesian Sharia Banking\nAssociation (ASBISINDO), alongside other partners from regulatory\nbodies, industry and academia.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bank-indonesia-launches-three-flagship-isef-2026-programmes-including-scholarships-1791989518", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }