Bank Indonesia (BI) sees the Islamic economic and financial system as not only about religion but can discuss the broader aspects. This can be seen from the application of sharia economic and financial system does not only happen in Muslim countries.

Senior Deputy Governor of Bank Indonesia Destry Damayanti said that many non-Islamic countries currently use the sharia economic and financial system.

The reality that is happening today is that many non-Muslim countries have practiced an inclusive Islamic financial system," he said at the National Seminar on Sharia Economics and Finance, Wednesday (4/21/2021).

a detail, some of these countries are England and London. In the UK sharia finance practice is very common and London is now the center of islamic business and finance in the European region.

Furthermore, earlier this year, the Central Bank of England, the Bank of England, has even launched a special liquidity instrument on a sharia basis. It is an alternative facility for liquidity for banking in the UK.

"So banks and islamic financial institutions in the UK can get access according to sharia principles from the central bank," he explained.

Destry explained, based on refinitiv and ICB reports global Islamic financial assets will continue to increase from previous years. Where global Islamic financial assets are recorded AT US$ 2.88 trillion in 2019 and will be expected to reach US$ 3.69 trillion in 2024.

"That is, the development of the sharia economy globally continues to increase," he explained.

According to him, Indonesia is also no less. This can be seen from the development of Sharia financial market also continues to develop and not only through Sharia banking but through the capital market and even sharia fintech.

In this regard, BI will continue to support its development, one of which is through the Blue Print Of Sharia Economic and Financial Payment System. In this case, there will be three pillars that bi will be key to promoting sharia economic development in Indonesia.

"Firstly sharia economic empowerment with the development of halal value chain ecosystem. Second, the deepening of the sharia financial market. The third strengthening of assessment and education research," he added.