Jakarta, September 9, 2024 – The halal ecosystem is growing significantly in Indonesia. One of the factors for the rapid growth of the halal ecosystem is Islamic financial services that are increasingly in demand by the people of Indonesia. As of March 2024, the market share of Islamic banking in Indonesia grew to 7.38% and total Islamic banking assets grew to 9.71% annually in the same period with a value of IDR 900 trillion per quarter of 2024.
Hijra Bank as sharia digital bank with a modern, reliable, and present fairness is committed to providing convenience for the community in transacting in sharia to strengthen the halal ecosystem through the digitization of Islamic finance in Indonesia. As a manifestation of this commitment, Hijra Bank presents digital Islamic financial services at Muslim Life Fest 2024.
Muslim Life Fest is the largest exhibition of the sharia and halal lifestyle industry in Indonesia, covering all sectors of the sharia and halal lifestyle industry and has an integrated Islamic lifestyle concept complete with ukhuwah stage programs, such as talk shows, book reviews, author meetings, product presentations, educational communities, kids corners, storytelling, and many other interesting events organized by the Indonesia Muslim Entrepreneur Community (KPMI) and PT Lima Event Indonesian. Muslim Life Fest 2024 was successfully attended by 45,000 visitors and 196 merchants, during its three days of implementation.
CEO of Hijra Bank Bembi Juniar said, “Hijra Bank appreciates the Indonesia Muslim Entrepreneur Community (KPMI) and Muslim Life Fest who have worked together with Hijra Bank and other Sharia Banks in building a halal ecosystem in Indonesia. Hijra Bank during August 30 – September 1, 2024 has presented an easy, fast, and reliable sharia transaction experience. Alhamdulillah, there are hundreds of customers who believe in Hijra Bank’s dreams in revolutionizing Islamic finance in Indonesia through technology’.
Hijra Bank has Islamic banking features that make it easier for users to make good transactions. To make it easier for people to save, Hijra Bank has a Hijra Box feature that can separate various savings purposes in one account with a Wadiah contract. This Hijra Box feature has no monthly administration fees, no minimum balance, free interbank transfers and free transfers between Hijra Bank users. Not only can you save, Hijra Bank also has an online time deposit feature with a yield of up to 6.35% per year and is very suitable for customers who want to achieve their financial goals in the future. In addition, the QRIS feature complements the Hijra Bank application which is a financial migration companion for the people of Indonesia towards barakah finance.
Based on the State of The Global Islamic Report 2023, Indonesia’s halal industry showed an increase in its position in third place in halal economic development, up one rank compared to the previous year. This is strengthened by the release of the KNEKS which stated that the contribution of sharia businesses and sharia financing to the national Gross Domestic Product (GDP) in 2022 was 46.02% or equivalent to Rp. 9,014.58 trillion. This rapid development needs to be encouraged by the acceleration of the digitalization of Islamic finance in Indonesia. With the collaboration of various parties, Indonesia can grow and become the center of the halal industry in the world.