Indonesia blending sharia, mainstream economy: deputy minister

[krash]

A counter-view - how Sharia/Islam is incompatible with Democracy. Frankly, I can extend several arguments to other faiths but religious leaders/ few believers of Islam are militant and highly motivated to implement Sharia

What in Islam is incompatible with democracy? What is Sharia?

Frankly, I don't see how a book can have all answers to humanity or be so perfect that it can't be made better. Where is the reformation... where is the space for debate, discussion but above all change

Does the book claim to have "all answers to humanity"? For change to be sought you need to first identify the specific need for change. Otherwise debate and discussion has been going on for more than 1400 years. Have you read it? What do you know of it?

 

[Indos]

GLOBAL ISLAMIC ECONOMIC REPORT 2025/2026

Looking at the above report and comparing it with conventional/global finance, there is clearly a strong structural tailwind behind both the Islamic consumer economy and Islamic finance globally.

Conventional systems typically grow at ~2–3% GDP and ~4–8% in broader financial assets, but the Islamic economy is consistently outperforming these levels.

Islamic consumer economy is growing from US$2.60T (2024) to US$3.56T (2029), ~12.6% growth. Key sectors: halal food US$1.53T → US$2.06T, travel US$249B → US$424B (fastest), modest fashion US$347B → US$444B, media & recreation US$276B → US$364B, pharma US$112B → US$146B, cosmetics US$92B → US$124B. This shows broad-based expansion across lifestyle, consumption, and digital ecosystems.

Islamic finance grows from US$5.99T → US$9.72T (~10% CAGR), clearly ahead of conventional finance growth averages. It is the backbone enabling the wider ecosystem.

Regionally, Kenya stands out with ~19.7% growth in Islamic finance—well above global averages—showing strong frontier-market adoption and catch-up dynamics.

Bottom line: Islamic economy (~12.6%) and Islamic finance (~10%) are both structurally outpacing conventional benchmarks, with even faster growth in emerging markets like Kenya.

Global Islamic Economic Report 2025/2026 | Tego Wolasa, AFIIBI

GLOBAL ISLAMIC ECONOMIC REPORT 2025/2026 Looking at the above report and comparing it with conventional/global finance, there is clearly a strong structural tailwind behind both the Islamic consumer economy and Islamic finance globally. Conventional systems typically grow at ~2–3% GDP and...

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