Claimed to be the biggest in history, G20 Presidential in Indonesia successfully generated g20 Bali Leaders’ Declaration for World Recovery. To encounter the uncertainties and the crisis of the upcoming years, working groups and engagement groups in G20 discuss and dedicatedly contribute their feedback, thought and knowledge. This, as said by President Jokowi, would positively impact the national economic growth, especially the last two quartal which are expected to impressively flourish.
Prof. Dian Masyita, Ph.D. as the dean of FEB UIII was invited as one of the speakers in Bali, 15-16 November. Together with other influential figures nationally and globally, for instance, Sri Mulyani the Ministry of Finance Indonesia, Perry Warjiyo the governor of Bank Indonesia, Muhammad Al-Jasser the President of IsDB and etc, she, as a panelist, presented her thoughts in showcasing Digital products in the Islamic Finance Industry.
To be more competitive, Fintech should be more applied and adopted in Islamic financing for it to have more far-reaching implications. Despite the challenges and disruption, Islamic fintech should be of the utmost concern to develop perceived benefits for all the stakeholders, especially to which Islamic financing goal targets: being the umbrella for the underserved.
Located in Seminyak, Bali, she discussed the authenticity of Islamic fintech from the point of view of philosophy, concepts, and contract while comparing the facts about “substance over form” of Islamic fintech implementation and how it fulfill the needs of Maqashid Shariah and grab a firm positioning that people prefer to conventional ones. In this high-level seminar on Islamic finance and digitalization, she highlighted that digital transformation is an inevitable part of the process of Islamic financing to be more sustainable in providing alternative sources of financing.
