Empowering the Next Generation of Sharia Economists: Bank Indonesia's Initiative

Strategic Insights -

Bank Indonesia's Senior Deputy Governor, Destry Damayanti, highlighted the crucial role of the younger generation in driving the sharia economic transformation. She emphasized the need for an entrepreneurial spirit that combines competitiveness with ethical values, honesty, justice, and sharia principles to foster business continuity and sustainability. To support this initiative, Bank Indonesia will launch the Creative Youthpreneurs Industrial Innovation Support Program to strengthen the Muslimpreneur ecosystem. This program aims to create business models that are not only financially profitable but also beneficial for the community, sustainable, and competitive globally.

Key Takeaways:

  • Bank Indonesia will launch the Creative Youthpreneurs Industrial Innovation Support Program to nurture the creation of business models for the sharia economy that are beneficial to the community, sustainable, and competitive globally.
  • The program aims to strengthen the Muslimpreneur ecosystem and provide support for youth-led entrepreneurship.
  • Bank Indonesia will strengthen synergy between government agencies, businesses, and academics to support youth-led entrepreneurship and optimize the vast growth potential of the global halal economy.
  • The Youth Sharia Entrepreneurship Forum (YSEF) is a platform for inspiration, education, and collaboration among youthpreneurs to develop their sharia business capabilities.
  • YSEF has three main benefits: improving Shariapreneur literacy and skills, expanding access to networks and collaboration, and supporting youth-led creative industry innovation.
  • Initiatives such as the YSIC competition aim to expand the halal value chain in the halal food, modest Muslim fashion, Muslim-friendly tourism, and Islamic social finance sectors.
  • Over 1,800 young people and youthpreneurs attended the YSEF forum, which serves as a platform for sharia-based entrepreneurship in pursuit of an inclusive and sustainable national economy.

Statistics:

  • Over 1,800 young people and youthpreneurs attended the Youth Sharia Entrepreneurship Forum (YSEF).
  • The YSEF forum aimed to strengthen the role of sharia-based entrepreneurship in pursuit of an inclusive and sustainable national economy.
  • Bank Indonesia will launch the Creative Youthpreneurs Industrial Innovation Support Program to support youth-led entrepreneurship and nurture business models for the sharia economy.

Sources:

  • Destry Damayanti, Senior Deputy Governor of Bank Indonesia
  • Anggawira, Secretary General of the Central Executive Board of the Indonesia Young Sharia Entrepreneurs Association (BPP HIPMI Syariah)
  • Youth Sharia Entrepreneurship Forum (YSEF) 2025
  • Bank Indonesia
  • National Islamic Economy and Finance Committee (KNEKS)
  • Indonesia Young Sharia Entrepreneurs Association (HIPMI Syariah)
  • Forum Silaturahmi Studi Ekonomi Islam (Islamic Economic Studies Forum - FoSSEI)
  • Indonesia Business Incubator Association (AIBI)
  • Government ministries/agencies and national halal industry players