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Ground shifts in Indonesia's economy as conservative Islam takes root

Ground shifts in Indonesia's economy as conservative Islam takes root

Country: 
Indonesia
News Date: 
29/08/2019
Lancastrian
Summary: 

A growing body of “born-again” Muslims are driving social changes that also have an economic impact, encouraging everything from Muslim-targeted housing to Shariah banking. 

Conservative Islamic groups were largely repressed during the 32-year rule of strongman Suharto, but since his downfall in 1998, they have emerged as a growing force, although officially, Indonesia remains secular.

During April elections, President Joko Widodo, a moderate Muslim, picked elderly conservative cleric Ma’ruf Amin as his running mate, a move seen as helping him secure more Muslim votes for his re-election. Amin, chairman of the Ulema Council of Indonesia, a group of clerics, has promoted laws for Islamic banking and mandatory halal certification and his vice presidency may usher in more incentives for the Islamic economy, analysts say.

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