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The Financial Executive Gathering 2017 held at the Fairmont Hotel, Jakarta, on Friday (Jan.13), provided an opportunity for the Financial Services Authority (OJK) to disclose a series of its programs. On that occasion, OJK Chairman Muliaman D. Hadad presented a number of points before Vice President Jusuf Kalla and the gathering's participants.

One of the points that Muliaman presented was that the financial services industry (IJK) should make contribution to promote economic growth, for which the OJK has launched seven strategic initiatives and introduced four policies in order to maintain national financial system's resilience and stability. On top of that, the OJK has also prepared a sophisticated formula for developing the Sharia finance field. 

In relation to the formula, the OJK will encourage establishment of new Sharia financial units or institutions in the capital market industry, namely Sharia investment management units or Sharia investment managers that are separate from conventional investment managers and only manage Sharia mutual funds products.

Further, the OJK will also push for the establishment of Jakarta International Islamic Financial Center (JI-IFC), which is designed to be a special economic zone that will serve as a Sharia business and investment center. In the future, the planned JI-IFC is expected to transform Indonesia into the global Sharia financial center.