The development of Sharia economy and finance is becoming\nincreasingly relevant amidst current economic dynamics. As the Central\nBank, Bank Indonesia is committed to continuously supporting the\ndevelopment of Sharia economy and finance as a new source of economic\ngrowth.<\/p>\n
\u201cThe development of the Sharia economy aims not only to increase\neconomic activity but also to present an economic system that is\ninclusive, equitable, and provides widespread benefits to society,\u201d\nstated the Head of the Bank Indonesia Representative Office for West\nJava Province, Junanto Herdiawan, during the Tabligh Akbar event at the\nTrans Studio Bandung Mosque on Sunday (28\/6\/2026).<\/p>\n
The strategic role of the Sharia economy is reflected in Indonesia\u2019s\nvast potential. The contribution of the Halal Value Chain (HVC) sector\nto the national Gross Domestic Product (GDP) has reached 27.34 per cent\n(KEKSI, 2026). Global Muslim consumer spending across six main sectors\nhas reached 2.6 trillion USD and is projected to surge to 3.56 trillion\nUSD by 2029 (SGIE 2025\/2026).<\/p>\n
In West Java, the Sharia economy possesses very strong prospects due\nto the large Muslim population base and the growth of halal MSMEs,\nMuslim fashion, halal culinary, pesantren (Islamic boarding schools),\nand Muslim-friendly tourism. With this social, economic, and cultural\ncapital, West Java has a significant opportunity to become one of the\nnational epicentres for halal economic development. However, there\nremains substantial room for strengthening literacy, given that\nIndonesia\u2019s Sharia economic and financial literacy level in 2025 stood\nat 50.18 per cent.<\/p>\n
Junanto noted that in response to this condition, more massive and\ninclusive Sharia economic literacy education efforts are required to\nprovide a sustainable multiplier effect for the community. Realising\nthese efforts necessitates close collaboration between stakeholders,\nincluding the government, industry players, academics, and community\nleaders.<\/p>\n
Consequently, the Bank Indonesia Representative Office for West Java\nProvince organised an educational activity through a Tabligh Akbar\ntitled \u201cLiving Peacefully through Blessed Sustenance: Efforts to Build a\nHappy Family according to Sharia.\u201d This education is part of the Sunda\nKarsa Fest: West Java Creative Works - West Java Sharia Economic\nFestival (WJSEF) 2026, an annual agenda aimed at expanding the Sharia\neconomy as part of a halal lifestyle and strengthening West Java\u2019s role\nin supporting national Sharia economic progress.<\/p>\n
In addition to the Tabligh Akbar, WJSEF 2026 also features various\nother Sharia economic education and experience activities, including the\nSharia Economic Forum, Santri-preneur, and Moneytalk; various Sharia\ncompetitions such as Halal Chef, Modest Fashion, and the Sharia Economic\nOlympiad; Wakafee as a waqf post to support community welfare\nprogrammes; and showcases for Sharia MSMEs and Halal Beauty, alongside\nSharia banking and financial services.<\/p>\n
The theme of the Tabligh Akbar is particularly relevant as the Sharia\neconomy originates from the aspect of life closest to the community: the\nfamily. In an increasingly dynamic era, every family desires a peaceful,\nharmonious, and prosperous life. In this context, it is vital for every\nfamily to ensure all economic activities remain within Sharia corridors,\nfrom methods of earning income to managing family finances and\nspending.<\/p>\n
These values are the foundation of the Sharia economy. It is not\nmerely about Sharia financial institutions or halal products, but about\nhow economic activities are conducted while upholding principles of\njustice, public interest, transparency, and responsibility.<\/p>\n
The enthusiasm of West Java residents towards the Sharia economy was\nreflected by the presence of approximately 3,000 congregants at the\nTabligh Akbar, hailing from study groups, majelis taklim, and the\ngeneral public in the Greater Bandung area. This presence demonstrates\nthat the Sharia economy is no longer viewed as a concept distant from\nthe people, but as a way of life that can be applied starting from the\nsmallest unit: the family.<\/p>\n
In his lecture, Ustadz Hilman Fauzi invited congregants to build\nhappy families according to Sharia by striving to seek sustenance\nthrough halal means and avoiding the haram. He emphasised that\nsustenance should be understood not just in terms of quantity, but also\nin terms of blessings (barakah).<\/p>\n
Ustadzt Hilman stressed the importance of building family awareness\nto avoid usury (riba), online loans, \u2018paylater\u2019 schemes, and dubious\n(syubhat) transactions, while strengthening family financial cooperation\nbased on the principles of necessity, utility, and Maqashid Sharia.<\/p>\n
Bank Indonesia will consistently expand Sharia economic and financial\nliteracy, strengthen a robust and competitive halal ecosystem, encourage\nSharia MSMEs to scale up, and establish the Sharia economy as a\ncollective effort in building an \u201cExtraordinary West Java.\u201d This\nstrengthening will serve as a tangible contribution from West Java in\nsupporting the vision of Indonesia as a global halal industry hub.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/sharia-economy-highly-prospective-for-development-in-west-java-1782712419", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }