The KNKS Effort to Encourages the Digital Economy through Sharia-Based Digital & Electronic Payment System
16 May 2019

The Indonesia National Islamic Finance Committee (KNKS) did Memorandum of Understanding (MoU) signings with several market player in the event of Indonesia Islamic Economy Masterplan Launching held on 14th May 2019. One of the signings was covered the Memorandum of Understanding (MoU) between biggest four state-owned sharia banks namely, Bank Syariah Mandiri, BNI Syariah, BRI Syariah, BTN Syariah, with PT Fintek Karya Nusantara (Finarya) as the owner of digital payment platform namely LinkAja. The Memorandum of Understanding (MoU) denotes the commitment among the stakeholders on the development of sharia-based digital payment system.

The commitment conducted between PT Finarya and the four state-owned sharia banks will put on LinkAja as the platform of digital payment and electronic money managed by sharia law. The presence of sharia-based digital payment would involve in facilitating the rapidly evolving business transactions in various industries such as e-commerce, bankings, halal travel,  and religious social fund transactions namely Zakat, Infaq, Shadaqah, and Waqf that will be operating in many mosques all over Indonesia. This is  KNKS ‘s initial efforts in realizing economic strengthening in the fronts of the digital economy as stated in one of the main strategies in Indonesian Islamic Economy Masterplan.

Reporter : Khairana Izzati
Editor : Afdhal Aliasar

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