2018-2020
WORLD SYNERGY Together Transforming a New Stream of Islamic Economics for the Ummah Welfare
CENTRAL BOARD OF MASYARAKAT EKONOMI SYARIAH MANAGEMENT PERIOD 1439 – 1442 H
www.ekonomisyariah.org
World Synergy Together Transforming a New Stream of the Islamic Economics for the Ummah Welfare
With synergy and sincere mutual commitment, The Sharia Economic Community is endeavoring to continue to develop into a leading organization in transforming a new stream of Islamic economics for the ummah welfare through the seven main organizational strategies that are embodied in a form of effective and sustainable work program.
Education | Literacy | Advocacy
Contents
Contents Organizational Development and 05 91 Improvement 06 Executive Reports Improvement of Institutional 97 Relations Greetings from Executive 11 Committee 99 Financial Report
100 Financial Position Statement 13 Organization Profile 14 At a Glance 101 Activity Statement
16 Legal Instrument 102 Cash Flow Statement
16 Activities
Autonomous and Semi 103 Governance 17 Autonomous Institution 104 General Board Meeting
107 Administrator Meeting 19 Organizational Policy 108 Central Board Structure 20 Vision and Mission 114 Secretarial Management 21 Strategic Objectives Transformation Strategies in the 21 Middle of Pandemic Era 120 Appendix 23 Significant Events 121 Organizational Network 125 Business Partners
24 Work Program Report 129 Activity Recapitulation Empowering the Economy of the 25 Ummah
37 Improving Education Quality
76 Islamic Economics Development Institutional Development and 87 Strengthening Information Technology Provision 88 and Development Executive Summary Executive Summary
As stated in the 2018-2020 Organizational Policies, the Fourth MES National Conference mandates “Transforming the economic system to comply with sharia principles” with six policies: 1. Human Resource Development, 2. Regulation Provision, 3 Institutional Development, 4. Information Technology Provision, 5. Supervision, 6. Organizational Strengthening of the MES.
Referring to the GBKO and the direction of the Chairman of the Board of Trustees at that time, the Daily Executive Board formulates the management vision and mission, as well as a strategic plan that is expected to help achieve these conditions.
During the management period of 1439-1442 H, the MES Central Board had a vision to “Become the leading organization in realizing a new stream of sharia economy in Indonesia”. To achieve this, the Daily Executive Board has formulated seven main strategies which are reflected in the various work programs implemented, namely: 1. Empowering the Economy of the People, 2. Human Resources Development, 3. Islamic Economics Development, 4. Infrastructure Strengthening and Development, 5. Information Technology Provision and Development, 6. Organizational Development and Refinement, 7. Enhancing Synergy and Institutional Relationships.
The seven strategies were later reduced to 95 work programs for field committees for three years of management. Some are done by each, some are collaborative between the field committees. Alhamdulillah, a number of work programs have been implemented that can provide measurable results and the benefits will
Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H be felt immediately by the community.
The level of realization of the work program of the MES Central Board of 1439-1442 H reached 85% of the total 95 work programs, both in the form of incidental events and ongoing programs (implemented several times) with details: Chair I = 11 of 13 work programs, Chairman II = 25 of 28 work programs (89%), Chair III = 14 of 14 work programs (100%), Chair IV = 16 of 20 work programs (80%), Chair V = 12 of 14 work programs (86%), Chairman VI = 3 out of 6 work programs (50%)..
Empowering the Economy of the People In this field, MES collaborates with several parties to have 19 work programs which are grouped into: Bank Wakaf Mikro Assistance, Entrepreneurship and Business Capacity Building, and Social Activities and Disaster Response.
Bank Wakaf Mikro (BWM) was first established in October 2017. The growth of BWM has accelerated after its inauguration in early 2018. Most recently, as of December 31, 2020, 56 BWMs have been licensed by the Financial Services Authority (OJK) and registered 11,654 outstanding customers.
In order to ensure the sustainability of the BWM program, MES through the management network in the regions is expected to play an active role. The Central Board appreciates MES administrators in the regions 6 6 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Executive Summary who have supported this program, including: West Nusa Tenggara MES (BWM Ahmad Taqiuddin Mansur) and MES Maluku (BWM Al Ansor Peduli).
Several work programs at the center are also being pursued to support the BWM program, including outreach at the Micro Waqf Bank Seminar (in collaboration with LPDB, 2018), BWM Assistance Training (in collaboration with FoSSEI, 2019), and Discussion on Optimizing the Role of BWM (in collaboration with OJK, 2020).
Apart from BWM, MES collaborates with several parties who are also active in providing business assistance, including through the SantriPreneur program (in collaboration with the Cendekia Amanah Islamic Boarding School), Sharia Creative Economy Workshop, Youth Entrepreneurship Workshop (in collaboration with the Indonesian Ministry of Youth and Sports Affairs), Business Matching (in collaboration with Bank Indonesia), and UMKM Capacity Building at 12 points (in collaboration with Permodalan Nasional Madani).
Praise be to Allah, there are quite a lot of the beneficiaries of these programs. MES is also active in fostering several young entrepreneurs, up to 16 of whom have successfully received capital assistance. We hope that similar programs can continue to be improved in the future, since the spirit of community empowerment is a very important part of the sharia economy.
As for social activities, MES collaborates with various parties to implement several work programs, including: Corona Prevention Program (in collaboration with Dompet Dhuafa) with total funds raised of IDR 3,839,480,000 which was distributed to 23,870 beneficiaries.
Education Program and Distribution of Social Assistance (in cooperation with Bank Indonesia) with a total
value of assistance reached Rp1,024,000,000 which was distributed to 3,200 beneficiaries, consisting Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H of 2,700 education activists (quran and honorary teachers) and 500 medical personnel within 9 points in Indonesia.
The Qurbani Spreading Program (in collaboration with Dompet Dhuafa collaboration) is part of an effort to empower qurbani service providers within 12 distribution points with an estimated beneficiary of 600,000 households.
Human Resources Development In the field of human resource development, work programs are focused on the activities of improving the quality of human resources including: Professional Training and Certification, E-Learning Development Sharia Economics (Elsya), Education and Socialization, and Islamic Economics Scholarships.
MES through the Sharia Finance Professional Certification Institute (LSP) as one of its autonomous board has certified 5,910 people, with details of 1,450 in 2018, 1,875 in 2019, and 2,582 in 2020 (excluding refreshments and extensions). Number of competent assessments to be certified reached 5,493 people (success rate = 93%), with details of 1,382 in 2018, 1,661 in 2019, and 2,450 in 2020.
Through Elsya, the number of active Elsya users as of December 31, 2020 reached 13,114 accounts, consisting of 12,001 registered accounts and 1,113 enrollment accounts. The number of Elsya’s partners 7 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 7 Ringkasan Eksekutif has reached 19 institutions, consisting of 17 campuses, 1 Islamic financial institution, and 1 ministry. Positive developments in 2020 have occured, driven by community activities carried out from home.
In addition, during 2018-2019 MES was active in conducting roadshows to various regions in order to promote and educate people on Islamic finance. This roadshow covers the Islamic capital market, sharia insurance, sharia banks, sharia finance, and sharia guarantees, with the following achievements:
In 2018, the roadshows were implemented in 54 districts/cities with the number of beneficiary participants up to 7,986 people. Through the activity, MES managed to create 1,206 new sharia investors involving 20 work partners.
In 2019, the roadshows were implemented in 88 districts/cities with the number of beneficiary participants up to 14,249 people. Through this activity, MES managed to create 1,501 new sharia investors involving 26 work partners.
In 2020, the roadshow activities were temporarily halted. However, MES activities continued even though it was in the middle of pandemic, especially those programs related to the improvement of public literacy, with achievements of implementing the work programs 144 times (an average of 3-4 times per week) through 17 work programs in total beneficiary participants up to 31,651 people. Through this activity, MES managed to create 422 new islamic economics investors by involving 18 partners.
MES also distributed scholarships through the MES Foundation. The number of scholarship recipients from MES within 2018-2020 were 30 people, in the form of research grants and self-development scholarships such as the TOEFL course. Laporan Periodik Kepengurusan MASYARAKAT EKONOMI SYARIAH 1439-1442 H Islamic Economics Development Within the field of Islamic economics development, the work programs are focused on giving contributions within the thoughts and knowledge, including product studies, advocacy, discussions, and so on, together with the relevant stakeholders. Some of the results that have been published are General Guidelines for Islamic Housings and the Code of Ethics of the Indonesian Sharia Fintech Association. In addition, MES has collaborated with: 1. The Hajj Financial Management Agency, by holding a Research and Innovation Writing Competition of the Hajj Financial Investment (Manasik Haji) as one of the joint efforts to produce several new innovations in hajj financial investment, with the number of papers submitted up to 85 papers. 2. Several MES representatives abroad and related international agencies, by organizing the International Islamic Economics Topical Conference and Talk serial program (InterContinenTalk) as a discussion forum for the latest global Islamic economics and finance topics, with the number participants up to 892 people. 3. Bank Indonesia, the Financial Services Authority, and the National Sharia Council of the Indonesian Ulema Council, by organizing An International Forum on Contemporary Fiqh Issues in Islamic Economics and Finance as an international discussion forum that discusses new innovations and contemporary muamalah fiqh issues. 8 8 Sinergi Mendunia | Bersama Wujudkan Arus Baru Ekonomi Syariah untuk Kesejahteraan Umat Ringkasan Eksekutif Institutional Development and Strengthening In this field, work programs are focused on efforts to form and develop external and internal sharia economic supporting institutions. Some of the autonomous institutions that are currently being revitalized are the Bhakti Masyarakat Ekonomi Syariah Foundation (MES Foundation) and the Islamic Economics Mediation Agency (Bames). The presence of Bames has been long awaited to resolve several dispute issues in related fields. Indeed, MES is striving to manifest the institution being analogous with the objectives and framework of regulators and related authorities.
Information Technology Provision and Development Under this field, the work programs are focused on MES efforts to encourage the presence of innovative Islamic financial products by utilizing technological developments information. Internally, MES is developing the Islamic microfinance software, Aksioma, which the previous version has been implemented in 12 Islamic microfinance institutions and 42 campus laboratories. In addition, MES also has effortly invited related industry players to present innovative Islamic financial products through the Digitalk program.
Organizational Development and Refinement In this field, work programs are focused on various efforts in establishment and fostering of the MES network at all levels of management of areas, special areas, and regions.
Throughout the years 2018-2020, MES has been recorded to have formed 37 new administrations, namely consisting of 3 area administrators, 5 special area administrators, and 29 new regional administrators. MES has also recently appointed a MES representative in Australia. Alhamdulillah, until the end of 2020 MES has been present within 29 provinces, 93 districts/cities, and 9 representatives abroad. Hopefully this network
continues to expand and provide benefits to the people. Laporan Periodik Kepengurusan MASYARAKAT EKONOMI SYARIAH 1439-1442 H
Enhancing Synergy and Institutional Relationships Under this field, the work program is focused on MES efforts to build synergies with stakeholders in various related fields.
Alhamdulillah, throughout 2018-2020, MES has collaborated with 182 institutions at home and abroad, with following details: 23 ministries and government agencies, 62 service industries finance, 5 non-financial industries, 13 media partners, 44 educational and research institutions, and 12 associations and nonprofit organizations.
In the midst of a pandemic situation, it is necessary for MES to transform so that MES is still able to realize its vision, by building a new stream of Islamic economics in Indonesia. For this reason, there are five strategies that has been declared in the previous 2020: 1. Improving Social Programs and Activities 2. Program Development of Building and Empowerment Ummah 3. New Innovations in the Field of Islamic Economics and Finance 4. Intensification of Capacity Building Program 5. Being Involved in Developing the New Normal Regulation 9 Bersama Wujudkan Arus Baru Ekonomi Syariah untuk Kesejahteraan Umat | Sinergi Mendunia 9 Executive Summary Praise be to Allah, four of the five strategies have been implemented quite well, as can be seen from work program achievements that have been previously reported. Indeed, this success is inseparable from support and synergies with various related parties.
With regards to financial statements, it can be said that the amount of revenue in 2018 reached IDR 5,806,587,431, an increase of 29.72% to IDR 7,532,308,140 in 2019. Increase revenue was supported by the 2019 MES Premier Charity Golf fundraising which reached Rp2,438,000,000.
In 2020, revenue has decreased due to the Covid-19 pandemic by 56.31%, amounting to Rp3.290.558.565. The decline in revenue had an impact on the balance sheet at the end of the year. In 2018, finance experienced a surplus of Rp959.920.501 and in 2019 amounting to Rp1.269.507.206. At the end in 2020, the financial deficit amounted to Rp1.176.347.018. Even so, at the end of the period the management still had a balance of Rp1,258,300,640, an increase of 275% from the balance at the end of the period previous stewardship. Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H 10 10 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Greetings from Executive Committee Greetings from Executive Committee
With various challenges that we convey here, the big role of MES is expected to contribute more optimally in supporting Islamic economics and financial development for the ummah welfare.
Prof. Wimboh Santoso, Ph.D. General Chairperson Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
Assalamu’alaikum warahmatullahi wabarakatuh. Alhamdulillah, praise be to Allah SWT for His grace and mercy and grace, that we are still given the opportunity to continue to spread His guidance which is full of wisdom in every aspect of life, including our muamalah in the financial sector.
First of all, we would like to express our deepest gratitude to all levels of the Central Boards, Secretariat of the Area Administrators, Secretariat of the Regional Administrators, and Special Territory Administrators of Masyarakat Ekonomi Syariah (MES) for the period 1439-1442 H / 2018-2020 which has provided commitments, contributions, dedication, and support to MES, so that MES work programs can be implemented in order to support the progress of the Islamic economics in Indonesia.
The year 2020 that we have just passed is a year full of challenges, particularly since the Covid-19 pandemic has caused a sudden and massive decline in economic activities, causing tremendous economic pressure in various parts of the world including in Indonesia. In dealing with the impact of the pandemic, the role of the financial services sector has become very important as a driving catalyst in restoring our economy, including the role of the sector Sharia economics and finance. 11 Together Transforming a New Stream of Islamic Economics for the Ummah Welfar | World Synergy 11 Greetings from Executive Committee As we all know, Indonesia has tremendous of technology. While improving the quality of Islamic potential within Islamic economics and financial economics human resources, MES has consistently development. One of the factors, it is supported contributed through provision of training, distribution by Indonesia’s demographics of which 87% or 230 of various scholarships and research grants. million inhabitants are Muslims, as well as the halal industry in Indonesia which continues to increase. Certainly, we hope that all activities and work Another factor, it relies on the food sector, cosmetics programs are useful and effective in order to and medicine, travel, fashion, etc. This sector has increase economic contribution and Islamic finance, reached more than 3 billion USD and the potential in supporting the national economy. We hope can be optimized to continue encouraging the this will continue and be refined in periods of next development of the Islamic economics. At this time, stewardships. Besides, we are expecting MES to it has grown and quite elevated from year to year. run its programs by collaborating and increasing synergies with various parties and stakeholders, However, we still face some challenges. First, both to government agencies, social institutions, industry market share of our current Islamic finance industry, and institutions of the education and is still low, that is, only 9.9% of total financial research, as well at home and abroad, so that we assets nationwide. Thus the contribution of Islamic can realize Indonesia as the Center for Islamic finance to the populist economy is also still limited. Economics and Finance The world, which is our Second, the low level of Islamic financial literacy, common goal. where the Islamic Economics Financial Literacy Index is recorded at 8.93%. This is far behind in Before we conclude this greeting, please allow us comparison to the National Financial Literacy Index to express our deepest gratitude to all management of 38.03%. Third, differentiation of Sharia business/ and members of the MES for the period 1439 -1442 product models which is still limited. Fourth, the H/2018-2020, which has made a commitment,
Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H inadequate rate of technology acquisition. The fifth, contribution, dedication, and support to MES. is the fulfillment of human resources of the Islamic We wish all of our goodwill and contribution can economics and finance which is not yet optimal. provide more broad benefits for all people. We also apologize if there are mistakes and shortcomings With various challenges that we convey here, the during our tenure in this organization. Hopefully it big role of MES is expected to contribute more can be wisdom and lessons for all of us in the future. optimally in supporting Islamic economics and financial development for the ummah welfare. With Akhirul kalam, endeavors to increase market share and community Wabillahi taufik walhidayah, literacy over the sharia economic industry, MES has Wassalamu’alaikum Warahmatullahi Wabarakatuh played an active role within various socialization, education, assistance, and promotion of Islamic Wimboh Santoso finance, including through the expansion of the MES network to all regions of Indonesia, even to abroad. Therefore, the current MES network has spread over 29 Regions, 93 Regions, and 9 Representatives Special Territory abroad. MES also has play a role in research activities in the field of economics and Islamic finance to spur research and discussion forums in order to answer the latest challenges in the Islamic economics, in terms of product differentiation and sharia services, as well as the use 12 12 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare 01. Organization Profile Organization Profile At a Glance
The Islamic Economics Society or known as the The History of MES
Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H Masyarakat Ekonomi Syariah (MES) is a non-profit The concept of Islamic economics was introduced organization that aims to develop and ground the to the public in 1991 when Bank Muamalat Islamic economics system as an economic system Indonesia was established, which was then followed that is just and based on Islamic sharia principles. by other financial institutions. At that time, sharia economic socialization was carried out by each The nature of MES is to be a place that is recognized Islamic financial institution. After being evaluated as a reference and followed as an example for efforts together, it was realized that the socialization of the to accelerate the development and application of sharia economic system could only be successful if the economic system and Islamic business ethics carried out in a structured and sustainable manner. in Indonesia, to be independent, not a government Realizing this, Islamic financial institutions gathered organization, not a political organization and/or not and invited all stakeholders to form an organization a part of it. MES is a place that collectively gathers that with a joint effort would carry out a structured, all available resources and builds synergy among systematic and sustainable socialization program stakeholders. to the public. This organization is called Masyarakat Ekonomi Syariah (the Islamic Economics Society) or MES was founded on 1 Muharram 1422 H, to commonly abbreviated as MES, which is translated coincide with March 26, 2001, and was declared on as the Islamic Economics Society in English and 2 Muharram 1422 H in Jakarta Mujtama ‘al-Iqtishad al-Islamiy in Arabic. 14 14 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Organization Profile
The founders of MES are individuals, financial unify the organization is getting stronger. In May institutions, educational institutions, study 2006, the MES Extraordinary National Conference institutions, and business entities that are interested was held, to coincide with the holding of the first in developing Islamic economics. MES is based on Indonesia Sharia Expo in Indonesia. During the Islamic sharia and is subject to the applicable laws meeting, it was agreed to bring together all MES and regulations in the Republic of Indonesia so that in the region in one joint national organization. The it is open to every citizen regardless of ethnicity, MES Management in Jakarta is designated as the race, and religious beliefs. central board and is tasked with drafting changes to the organization’s Statutes/By-Laws. At the beginning of its establishment, MES was only intended in Jakarta. However, it turned out On 3-4 November 2008, MES carried out the first that the activities carried out by MES caught the National Conference as the highest forum for the attention of the community in the area to carry out organization. During the meeting several things were similar activities. Then it was agreed to establish decided regarding the future MES steps, including MES in the regions with the provisions of the name the improvement of the statutes/by-laws of the MES of the organization by adding the name of the and the stipulation of the Organizational Policy region behind the word MES. MES organizations Outline (GBKO), the national work program, and the in these regions are autonomous. The name of the recommendation and election of the Chairperson.. MES and its increasingly active role have led to many requests for permission to establish MES in other regions. This phenomenon has pushed the MES Management in Jakarta to unite the entire organization in one joint organization. The urge to Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
List of Chairpersons 15 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 15 Organization Profile Legal Instrument
Sharia Economic Community Association is an organization that has legitimacy through the formal law aspects as follows:
• Notary Deed of Establishment of Notary Deed Rini Martini Dahliani, SH. Number 03 Date of February 22, 2010 and Number 02 Date of April 16, 2010 (changes) and stated in the Decree of the Minister of Law and Human Rights Number AHU-70.AH.01.06 on May 22, 2010 and State Gazette Number 47 on June 14, 2011.. • Amendment to the Notarial Deed of Mrs. Soehardjo Hadie Widyokusumo, SH. Number 01 dated May 11, 2018 concerning Declaration of National Conference IV MES and stated in the Decree of the Minister of Law and Human Rights Number AHU-0000507.AH.01.08 dated July 9, 2018.
Activities
As stated in the Articles of Association, MES carries and outreach activities, but not limited to out the following activities.. seminars, talk shows, workshops, exhibitions, 1. Creating friendship among economic actors, conferences, mentoring, training, so forth and individuals and institutions relating to Islamic so on; economics; 7. Initiate and develop various economic support
Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H 2. Building synergies and partnerships between institution and Islamic finance; the individuals and institutions involved in 8. Developing a cooperative relationship and Islamic economics activities; information provider, and business support 3. Encourage the development of Islamic for Islamic economics actors in domestic and economics activities, thus it becomes the abroad; main choice for society in business activities 9. Develop standardization/accreditation various including in terms of investment and financing; industrial sectors and professional sectors 4. Improve the relationship between members according to sharia; and authorities related to economic activity and 10. Encourage and provide support to government, Islamic finance; parliament, and regulatory organizations other 5. Increase activities for shaping moral of human in providing availability laws, government resources, science, and the ability to run and regulations. developing Islamic economics activities through research, development, and training; 6. Increase awareness and engagement members and society through a variety educational 16 16 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Autonomous and Semi-Autonomous Organization Profile Institutions Aside from activities carried out through work programs, MES has an autonomous and semi-autonomous body that contributes to optimizing the carried out efforts, including:
Lembaga Sertifikasi Profesi Keuangan Syariah (LSP-KS)
LSP-KS is an institution that provides certification Number 26 / Dep.2 / II / 2016 dated February services for workers in the Islamic financial and 16, 2016; banking sector. LSP-KS was established on October 3. National Zakat Board (BAZNAS) as 20, 2015 in Jakarta by General Chairpersons of contained in letter Number 121 / BP / six sharia economic associations, including the BAZNAS / III / 2016 dated March 3, 2016. Sharia Economic Society, the Indonesian Sharia Bank Association, the Indonesian Sharia Insurance LSP-KS legal entity is a foundation as stated in its Association, the Indonesian Insurance Company establishment deed (Notary Deed Rini Martini Association, the Baitul Mal wa Tamwil Association in Dahliani, SH Number 01 dated May 9, 2016) which Indonesia, and the Zakat Forum. The establishment was approved by the Ministry of Law and Human of the LSP-KS is supported by several regulatory Rights in Decree Number AHU-0026488.AH.01.12 agencies, including: of 2016. 1. Financial Services Authority (OJK) as contained in letter Number S-391 / D.01 / 2016 dated 31 LSP-KS has obtained a license from the National December 2015; Professional Certification Agency (BNSP) as
2. The Ministry of Cooperatives and Small and contained in the Decree of the Head of BNSP Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H Medium Enterprises as contained in letter Number KEP. 0539.BNSP / V / 2016.
Yayasan Bhakti Masyarakat Ekonomi Syariah (MES Foundation)
It is a foundation that has a vision of contributing MES Foundation was founded on April 10 2014 to the development of Indonesia’s sharia economy and chaired by Prof. Firmanzah, Ph.D (Rector through the distribution of educational scholarship Paramadina University). Until recently, MES The funds in order to increase the capacity and quality of Foundation has successfully awarded scholarships human resources in sharia economics. Islamic Economics education to 91 students and The missions carried by the MES Foundation are: succeeded in producing excellent and competitive 1. Develop and implement scholarship programs; alumni. 2. Building capacity and empowering scholarship beneficiaries; Some of the MES Foundation alumni include career 3. Facilitating communication between providers at Bank Indonesia, National Economic Committee and beneficiaries of scholarships; and Sharia Finance (KNEKS), self-employed, 4. Building an international class philanthropic multinational companies, researchers, lecturers, and organization that is accountable, professional, Islamic finance practitioners. trusted by various partners, and continuously able to develop various advantages.. 17 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 17 Organization Profile
Sharia Economics E-Learning Management Agency (Elsya)
Elsya is an agency that manages online Islamic 1. History of Islamic Economics Thoughts; economics learning services/programs. It provides 2. Basic Concept of Islamic Economics; a variety of structured and systematic Sharia 3. Fiqh Muamalah; economic education content and can be accessed 4. Islamic Financial Accounting; easily anytime and anywhere. 5. Sharia Banking; and At present, Elsya’s curriculum covers in six sectors: 6. Sharia Insurance.
Mediation Agency of Sharia Economy (Bames)
It is an institution that provides dispute resolution In addition, Bames also conducts education, services for various disputes in the field of sharia training, and national and international meetings economics in the form of consultations by providing on alternative dispute resolution, mediation, and binding opinions and mediating to assist in obtaining mediator professions the conclusion of dispute resolution as outlined in the peace agreement document. Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
Micro Finance Application Software of Sharia Economy Society (AKSIOMA)
AKSIOMA is one form of MES program in the field of AKSIOMA’s main products are open source Islamic microfinance with the purpose of supporting application software that is free, in order to assist the growth of related industries that are professional, Islamic microfinance institutions in managing transparent, and accountable and in accordance savings funds, financing funds, and financial with Islamic principles. reports in accordance with the applicable terms and regulations. 18 18 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Organizational Policy Organization Profile
As a form of commitment and consistency of the MES in encouraging and developing Indonesia’s Islamic economy and finance, the Fourth National Conference (Munas IV) MES in 2017 has established and refined the GBKO which contains the 2010-2020 Indonesian Islamic Economics Roadmap to become guidance both within the MES and with external parties related to activities and the implementation of the GBKO.
The roadmap outlines the vision “The Islamic economics system has been implemented in the Indonesian economics system” with the mission of “Transforming the economic system to conform to sharia principles” for the management period of 1439-1442 H or 2018-2020 M.
Roadmap and achievement targets contained in the GBKO covers six policy areas, namely: 1. Human Resources Development 2. Provision of Regulation 3. Institutional Development 4. Provision of Information Technology 5. Supervision 6. Strengthening the MES Organization
“The Islamic economics system has Human Resource Development
been implemented in the Indonesian Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H economics system.”
Provision of Regulation
Institutional Development 2019-2020 Strengthening the Islamic economics system Provision of Information Technology 2014-2017 Strengthening the Islamic 04. economics system GarisSupervision Besar 2010-2013
Building the foundation Strengthening the MES Organization for the Islamic economics system Kebijakan Organisasi
Figure. 2010-2020 Outline of Organizational Policy Source: SK Munas IV MES Number 08/Munas IV/MES/ 2017 19 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 19 Organization Profile Vision and Mission
Become the leading organization in VISION transforming the new stream of Islamic economics in Indonesia
01 Supporting community development programs
Encouraging improvement in the quality of 02 human resources of Islamic economics actors Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
Improving the participation of MISSION 03 Islamic finance institutions
Developing and strengthening the 04 organization
Fostering and increasing the 05 capacity of MSME actors 20 20 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Organization Profile Strategic Objectives
Economic Empowerment of the Ummah Providing and Developing Active contribution to the empowerment of the ummah Information Technology through the development of the Bank Wakaf Mikro with Providing and developing information technology in order Islamic boarding school-based Sharia MFI platforms to support sharia economic activities, both the financial and MSME clusters through increased synergy sector and the real sector. between sharia MFIs, Islamic banking, and Micro Waqf Banks.
Developing Human Resources Developing and Improving Organizations Developing human resources through increased competence to achieve human resources who have Developing and improving MES organizations, both knowledge and understanding of Islamic economics central and regional, both in terms of institutional and through seminars, symposiums, workshops, training, network through opening new branches of MES areas, socialization, and curriculum development. fundraising programs, and revitalizing areas and regional administrators of MES.
Developing Islamic Economics Improving Institutional Relations Increasing the role of MES in the development of Islamic economics through the knowledge Improving institutional and synergy relations with all contribution in form of studies, advocacy, FGDs, and stakeholders of the sharia economy both in national so on, to stakeholders of the Islamic economy. and global contexts through cooperation, hearings, and coordination meetings.
Building and Strengthening the Institution
Building and strengthening the institution in order to support sharia economic activities. Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
Transformation Strategies in the Middle of Pandemic Era
New Improving Program Innovations Intensification Being Social Development in the Field of Capacity Involved in Programs and of Building and of Islamic Building Developing the Activities Empowerment Economics Program New Normal Ummah and Finance Regulation
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Events Significant Together Transforming a New Stream of Islamic Economics for the Ummah Welfare the Ummah of Islamic Economics for Stream a New Transforming | Together Synergy World
Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H Significant Events Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H 23 23 2018 2019 th th 2020 2018 th th Meeting 2019 Nasional 2018 Economic Festival August 7 August Kick-off Indonesia Sharia Kick-off March 26 March Finance Roadshow 2018 Roadshow Finance th Indonesia Islamic Economic Indonesia Islamic Economic Forum & National Working Working & National Forum Forum & Silaturahim Kerja Kerja & Silaturahim Forum December 11 November 15 November 7 th th Kick-off Economics and Sharia Economics Kick-off 5 6 2018 2018 2019 2020 th th th th Tournament Jogja Halal Festival Jogja Prevention Program Prevention st August 8 August March 24 March March 26 March MES Premier Charity Golf MES Premier 1 October 11 October th Inauguration Inauguration and Working 7 Launching of the Coronavirus Launching of the Coronavirus Meetings as well as Decree on as Decree Meetings as well the Establishment of MES Central of MES Central the Establishment Board for the Period of 1439-1442 H of 1439-1442 the Period for Board Synergy | World Welfare the Ummah of Islamic Economics for Stream a New Transforming Together 2018 nd 2020 2018 rd th
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January 2019 January Keuangan Syariah 2020 Syariah Keuangan MES Premier Charity Golf MES Premier Finance Roadshow 2019 Roadshow Finance Period of 1439-1442 H of 1439-1442 Period January 15 January th February 13 February September 22 September
6 Significant Events Significant Kick-off Economics and Sharia Kick-off Kick-off Roadshow Ekonomi dan Ekonomi Roadshow Kick-off of the MES Central Board for the for Board of the MES Central Decree of the General Chairperson of the General Decree 03. Work Program Report Work Program Report Empowerment of the Economy of the Ummah
The MES work program in Community Economic Empowerment is generally divided into 4 categories: 1. Bank Wakaf Mikro Assistance 2. Entrepreneurship and Business Assistance 3. Mosque Utilization Survey and Islamic Economics Da’wah 4. Social Activities and Disaster Response
Bank Wakaf Mikro Assistance Bank Wakaf Mikro (BWM) is a Sharia Microfinance Institution that is registered and supervised by The Financial Services Authority (OJK), which aims to provide access to capital for small communities that do not have access to formal financial institutions.
BWM has a role to empower the community around the boarding school by encouraging development of their business through providing loan funds to business groups of productive society.
BWM was first established in October 2017. After two months, in December 2017 BWM was successful collected 827 customers. Its growth has accelerated after it was inaugurated in early 2018. In March 2018, as many as 20 BWMs managed to obtain business licenses from the OJK and managed to have 3,876 customers. According to OJK data as of the end of December 2020, most recently there are already 56 BWMs licensed by the OJK and recorded as many as 11,654 outstanding customers. Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
Rp 55,6 billion 11,7 thousands Amount of Cumulative Expenditure Number of Outstanding Customers
Rp 10,7 billion 4,3 thousands Amount of Outstanding Expenditure Number of KUMPI
38,9 thousands 56 Number of Cumulative Customers Number of BWM established
Figure. Development of Bank Wakaf Mikro Source: http://lkmsbwm.id/data_nasional
In order to ensure the sustainability of the BWM program, MES through its management network in the areas and regions are expected to play an active role in the mentoring process. Currently, the management of MES at regions that cooperate with local OJK in providing assistance to BWM are West Nusa Tenggara MES Regional Management (BWM Ahmad Taqiuddin Mansur) and MES Regional Management Maluku (BWM Al Ansor Cares). 25 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 25 Work Program Report
Along with the management of MES 1439-1442 H, several work programs of the MES Central Board are related with BWM assistance, as follows.
Bank Wakaf Mikro Seminar
Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H MES collaborates with OJK and Institutions Revolving Fund Manager (LPDB) of the Ministry of Cooperatives and Small and Medium Enterprises held a seminar with the theme of Community Economic Empowerment through Banks Waqf Micro which aims to socialize BWM program to stakeholders and general public
The seminar was held on 27 November 2018 located at Balai Kartini, South Jakarta and became part of a series of events for the Indonesia Syariah Fair (Realize). Present as a guest speaker, Ahmad Buchori, Adiwarman Karim, and Muhammad Ridwan in total participants reached 345 people. 26 26 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Work Program Report
Bank Wakaf Mikro Assistance Training Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H MES in collaboration with the OJK and the Islamic Economic Study Gathering Forum (FoSSEI) held a training Assistance for Micro Waqf Bank which aims to provide assistance to BWM supported by adequate human resources and a good understanding of the basics of the program accompaniment.
The inaugural training was held together with the Jabodetabek Regional FoSSEI on August 28-29 2019 takes place at the MES Head Office, South Jakarta. This training is packaged as part of a series of FoSSEI Leadership Forum activities. Apart from talking about leadership, training is also provided with material about the urgency of community empowerment and sociopreneurs.
Through this activity, it is hoped that FoSSEI and the MES management network in the regions and regions will get it synergized and work well together in local BWM assistance. 27 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 27 Work Program Report Optimizing Bank Wakaf Mikro Discussion
Within three years, 56 BWM units were successfully established in 18 provinces and distributed cumulative benefits to 38,858 customers with total financing reaching Rp. 55.6 billion per 31 December 2020. However, this figure is actually still far below the OJK’s initial target, the establishment of 100 BWM units at the end of 2019.
Based on this issue, MES took the initiative to hold the MES Expert Webinar Series on 4 September 2020 with the theme Optimizing the Role of Micro Waqf Banks in Empowering the Economy of Islamic Boarding Schools. MES Expert Webinar Series is a series of discussion, education, and socialization programs in the form of sharia economy online focus group discussions with discussion topics around current economic and financial sharia issues from the point of view of experts in their field.
This activity is expected to be a means of discussion to formulate implementative solutions as input for policy
Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H makers to increase the role of BWM as an economic catalyst of Islamic boarding school. The speakers were Ahmad Soekro Tratmono and Ahmad Buchori, as well as the speakers Main Discussant, Prof. Muhammad Zilal Hamzah, KH. Muhammad Cholil Nafis, and Prof. Dr. Nurul Huda. Also present to deliver the keynote speech, Anto Prabowo as the MES Expert Council.
The results of the discussion concluded that there were several factors that were alleged to be important issues in BWM development. The first is qualified human resources. Ideally the BWM steward is someone who fully understands the Islamic financial system and is close to the pesantren environment. In addition, the management must also have a high commitment.
Unfortunately, human resources that have these criteria are still very limited to find. The second challenge is social capital that comes from donors. Every BWM establishment requires capital amounting to IDR 4.2 billion, so IDR 184.8 billion is needed for the target of 44 more units. Especially at this time the cottage Islamic boarding schools have also felt the impact of the crisis due to the Covid-19 pandemic. Declining operational performance affects the welfare of teachers and staff of pesantren. If this is not resolved immediately, the main goal of economic empowerment of Islamic boarding schools will be difficult to achieve. 28 28 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Work Program Report Entrepreneurship and Business Assistance
Entrepreneurship (entrepreneurship) plays an important role both internally and externally. Internally, an entrepreneur plays a role in reducing the level of dependence on others, increase self-confidence, and increasing the purchasing power of the perpetrator. Externally, an entrepreneur plays a role in providing
employment which in turn is expected to help reduce poverty levels. Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
In order to encourage the growth of the number of Islamic entrepreneurs in Indonesia, MES is committed to play an active role in printing and fostering entrepreneurs, especially UMKM players from among students and Students. Some of the work programs implemented are as follows.
Jogja Halal Festival
Jogja Halal Festival is a national scale halal product exhibition held by MES with Regional Management MES D.I. Yogyakarta as the main committee. This event took place on October 11-14 2018 took place at the Jogja Expo Center. 29 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 29 Apart from exhibitions, the Jogja Halal Festival agenda also includes seminars, workshops, charity concerts, Work Program Report and exhibits of Superior products that have been certified halal with the number of visitors reaching 31,988 people. Jogja Halal Festival presents various halal products such as culinary, fashion, hospitals, universities, higher education, schools, travel, banking, to property with sharia-based management, with a total of more than 200 product stands which are dominated by MSMEs. The total transaction value recorded during Jogja Halal Festival lasts for more than IDR 30 billion.
Several agendas received quite a lot of attention from visitors, including the Star Olympics Cemerlang, Cooking and Parenting Class, as well as Sharia Branding. In the financial sector, Jogja Halal Festival participated in presenting the National Seminar on Islamic Financial Literacy in collaboration with Bank Indonesia, Financial Services Authority, and the Indonesia Stock Exchange..
SantriPreneur Training Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H The role of Islamic boarding schools in community economic empowerment illustrates that Islamic boarding schools are capable of being agents of development for both students and the surrounding community. Leadership the kiai (ulama) in the boarding schools are very effective in driving social change in rural society. Apart from being an educational institution, Islamic boarding schools also carry out economic activities, such as trade, agribusiness, handicrafts, and services.
Data from the Ministry of Religion up to 2006 shows that there are more than 16 thousand Islamic boarding schools in Indonesia. Islamic boarding schools have great potential to participate in the effort alleviation of poverty and unemployment.
One of the causes of failure in achieving growth and economic development of a country is the absence of entrepreneurship at the individual, organizational, and community levels. For that, MES in collaboration with the Cendekia Amanah Islamic Boarding School under the tutelage of KH. Muhammad Cholil Nafis and the Ministry of Youth and Sports implemented the SantriPreneur program.
SantriPreneur is an entrepreneurship training program for santri that aims to:
1. To train the creativity and abilities of young people and students in maintaining and maintaining balance of natural ecosystems 2. Train the economic independence of youth and students by providing training 3. Maintain the continuity of fish farm and develop it 30 30 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Work Program Report 4. Encouraging the opening of job opportunities for the community 5. Make use of the boarding school land which is still empty 6. The training was themed “Independent SantriPreneur in Order to Improve the Economic Independence of Santri and Pemuda Indonesia’’ was held on December 1, 2018 at the Auditorium of Cendekia Amanah Islamic Boarding School.
Ekonomi Kreatif Syariah Workshop
The creative economy is a concept in the new economic era that intensifies information and creativity by relying on various ideas and knowledge from human resources as a factor in the main production. This concept will usually be supported by the existence of a creative industry that becomes the manifestation. Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H In order to encourage the development of the sharia creative economy, MES has been active since 2016 carrying out various educational and coaching activities for creative business actors in both forms training, workshops, and direct coaching through local networks.
As an effort to maintain commitment to support the sharia creative industry, MES collaborates with the Creative Economy Agency and Bank Indonesia holding a Sharia Creative Economy Workshop on June 26, 2019 at the Jakarta Convention Center. The activity was attended by 150 participants This consists of two main agendas, namely a talk show and an exhibition of halal products.
The Sharia Creative Economy Workshop aims to increase the knowledge and understanding of the students of Sharia creative business actors, starting from the definition, potential and challenges faced, to strategies to develop sharia-based creative businesses. In the future, activities are expected to develop into a platform for fostering and increasing the capacity of sharia creative entrepreneurs.. 31 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 31 Work Program Report Youth Entrepreneurship
Youth Entrepreneurship is an entrepreneurship training program with a primary focus on printing and developing young entrepreneurs in cooperation with the Sharia Economic Community and the Ministry Youth and Sports. This program is implemented in stages and continuously. For the participants with potential businesses, the program provides the opportunity to obtain capital access assistance for business development. The Youth Entrepreneurship Program aims to: 1. Fostering interest in Indonesian youth entrepreneurship 2. To produce creative, innovative, and competitive young entrepreneurs 3. Provide education about entrepreneurship and business capacity building 4. Provide capital access assistance for potential businesses
The stages of implementing the activities are as follows.. Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
The inaugural workshop was held on August 8, 2019 at the Wisma Kemenpora Harvest and was attended by 250 participants. Present delivering material, Imam Gunawan, Rikza Adhia Nada Rezeki, Endang Sri Winarni, 1 and Masbukhin Pradhana.
Business coaching and periodic selection. The number of participants who passed the business coaching 2 stage by MES reached 12 people.
Distribution of capital assistance. As many as 6 out of 12 MES assisted participants received business capital 3 assistance from the Ministry of Youth and Sports. Youth Entrepreneurship was held again on 12 August 2020 online through a conference platform video which was attended by 708 participants from 1,284 registrants. Participants who cannot attend via the platform follow live 4 streaming via youtube. Present to deliver the lecture material, Dr. Asrorun Ni’am Sholeh, Dr. Firdaus Djaelani, Djihadul Mubarok, Ghofar Rozaq Nazila, Endang Sri Winarni, Indi Naidha, and Muhammad Apud Kusaeri.
Business coaching and periodic selection. The number of participants who passed the business coaching 5 stage by MES reached 20 people.
Distribution of capital assistance. As many as 4 out of 20 MES assisted participants received business 6 capital assistance from the Ministry of Youth and Sports.
Figure. The stages of implementing Youth Entrepreneurship activities. 32 32 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Work Program Report This activity is expected to be one of the MES contributions with the Ministry of Youth and Youth Sports in encouraging the development of national entrepreneurship.
Halal Certification Talkshow
In mid-2019, five years after the Halal Product Guarantee Law was enacted, Government Regulation (PP) Number 31 of 2019 was issued as the implementing regulation of Law Number 33 of 2014. This PP specifically regulates the technical implementation of several provisions in the Act, including the planned halal certification needs take effect gradually from October 17, 2019.
As an organization that is concerned with the halal industry, MES considers the need for massive socialization to the public regarding the implementation of the regulation. On August 30, 2019, MES held a “Halal
Certification Talk Show” in collaboration with BNI Syariah. This activity is part of a series of 2019 International Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H Islamic Tourism Expo events at the Jakarta Convention Center. Aside from being a form of socialization, this activity is expected to be a means of dialogue between stakeholders from the government, industry players, and the general public in order to increase their participation in the successful implementation of the JPH Law while encouraging the growth of the national halal industry.
One of the recommendations that emerged in the discussion session of this activity was the need for incentives from the government for SMEs who want to get halal certification. Incentives can be given in the form of subsidies or allowances for various costs that arise in the certification process. This is nothing but the background of complaints from MSME actors who object to the cost of certification so that it is not comparable with the benefits obtained.
Sharia Business Forum Sharia Business Forum is an education and outreach program around the Islamic capital market that is specifically intended for companies that have the potential to list on the stock exchange. This activity is fairly new and was first carried out in 2019 in the city of Bandung. In its inaugural implementation on 27 November 2019, the program was attended by 81 participants, mostly dominated by business operators in West Java. 33 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 33 Work Program Report
The content of the material presented in this program focuses on encouraging companies that have great potential to be developed to be listed on the stock exchange through an initial public offering (IPO) scheme. The main objective of this program is to increase the number of issuers in the Islamic capital market.
Capacity Building UMKM Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
UMKM Capacity Building or Roadshow Webinar for Business Capacity Building is a new MES program collaborates with Permodalan Nasional Madani (PNM) which aims to provide understanding to the community, especially MSME players in the regions regarding the concepts and values of sharia business ethics. The roadshow starts on 21 July 2020 in Yogyakarta and ends on 21 August 2020 in Sumenep. With the theme “Smart Management, Business Success”, the whole roadshow held in 12 districts/cities, namely Yogyakarta, Kudus, Semarang, Pekalongan, Banyumas, Sukabumi, Garut, Tasikmalaya, Cirebon, Tulungagung, Mojokerto, and Sumenep.
The total number of participants who took part in this activity was 577 MSME players, both from assisted UMKM players PNM in the regions and UMKM under the network of MES administrators in the regions. Attending every webinar to deliver his remarks, Rizky Wisnoentoro as the Head of the PKU PNM Central Division who is also at the same time open the event. 34 34 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Work Program Report
In this webinar, there was quite a productive and dynamic discussion between MSME actors and participants, given that material about sharia business is still very rarely obtained by UMKM actors. Apart from being a means of discussion, this program is also an initial access for MES and PNM to synergize and collaborate on an ongoing basis in coaching UMKM.
Cegah Tangkal Corona Cegah Tangkal Corona (CEKAL) is a joint MES partnership work program with Dompet Dhuafa which is carried out as a form of concern for others in a joint effort to prevent transmission coronavirus. MES welcomes Dompet Dhuafa’s invitation to collaborate in making one movement care about humanity. Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
In this case, MES and Dompet Dhuafa jointly conduct fundraising and distribution of basic food packages, disinfectant chambers, medical team supplements, hygiene kits, services Covid-19 test, and personal protective equipment. The source of donations comes from several Islamic financial institutions, MES board members, and the general public.
The collection and distribution of aid to people affected by Covid-19 was also carried out through the MES network in various regions and regions at the initiative of their respective local administrators. Besides In addition, MES and Dompet Dhuafa are also working together to hold an online charity concert with Dwiki Darmawan who managed to raise funds of IDR 100,000,000.
Through the CEKAL Corona program, MES together with Dompet Dhuafa managed to raise funds of Rp IDR 3,839,480,000,- which was distributed to 23,870 beneficiaries. 35 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 35 Work Program Report Tebar Kurban Tebar Hewan Kurban (THK) is an existing Dompet Dhuafa work program that has been going on since 1994. This program aims to achieve food security in the regions as well as a means of empowering qurbani service providers.
People who want to do qurbani just need to hand over and entrust a certain amount of money to Dompet Dhuafa to buy a sacrificial animal. Furthermore, Dompet Dhuafa determines where and where the animals are purchased, where the animal will be slaughtered, and to whom the meat is distributed. After that, the qurbani will get the report. That way, sacrifice is not only felt by urban areas, but also evenly spread to all corners of Indonesia. Even to small islands it is difficult to be accessed.
In 2020, the THK Program will roll back with new changes and innovations. Moreover, THK in 2020 is in the midst of a very unusual situation, because the period of the Covid-19 pandemic outbreak is not over. In this case, the economic aspects and welfare of both breeders and beneficiaries are in the spotlight which is very important.
In order to provide convenience and satisfaction to the stakeholders of the THK program, Dompet Dhuafa started working with several investors and partners, including MES. With the presence of investors, breeders no longer have to bother looking for loans to buy feeders for fattening. Besides that, the qurbani candidate will also get the best price. Through various partners, Dompet Dhuafa makes it easy for qurban, including making qurbani payments via WhatsApp Pay application based on virtual account.
The head of THK Dompet Dhuafa, Zainal Abidin Sidik, said that the accumulated sacrifices at THK in 2020 reached IDR 76.9 billion. The THK Dompet Dhuafa team has distributed sacrificial meat to more than 2 million
Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H beneficiaries.
Educational Webinars and Distribution of Social Assistance
The Sharia Economic Education Webinar is a new MES 2020 program that is held for work the same as Dompet Dhuafa and Bank Indonesia. The webinar is conducted in a hybrid manner, namely by means of offline and online using a video conference platform. This program is one of the media for the general public 36 36 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Work Program Report to gain knowledge about the economy and Islamic finance in order its usefulness can reach remote areas in Indonesia.
This activity was held three times on 21 July 2020, 4 September 2020, and 30 November 2020. The total number of beneficiaries of this program reaches 2,700 education activists and 500 medical personnel spread over 9 provinces, namely Aceh, Riau, West Sumatra, South Sumatra, Central Java, East Java, West Java, East Kalimantan and West Nusa Tenggara.
In general, the topics raised in this program are about the sharia economy presented by MES Central Board and Clean and Healthy Living Behavior in the middle of Covid-19 delivered by the Division Dompet Dhuafa Health. Also attending were representatives of Bank Indonesia in several regions such as East Java, South Sumatra and East Kalimantan.
Through this event, it is hoped that it can increase the literacy of the community, especially the people, education activists, and medical personnel regarding the sharia economy while adhering to health protocols. In addition, this activity is also a means to help people who are affected by Covid-19 through giving webinar souvenirs in the form of basic food packages and personal protective equipment.
Improving Education Quality
University Gathering
The growth of Islamic financial institutions has experienced a very rapid development, this is responded Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H positively by academics through various studies in this field. The most concrete form this is indicated by the increasing number of Islamic economics and finance study programs in various state’s colleges. Based on data that can be accessed through the National Accreditation Board for Higher Education (BAN-PT), Dikti, and Diktis number of study programs in banking, finance and sharia business currently around 400, dominant at the S1 level, some at the S2 and S3 levels.
There is still a gap between the availability of human resources in this field and needs industry, especially in terms of the competencies required. The hope is that graduates of the Islamic economics and finance study program are able to meet the needs of industrial development economics, finance and sharia business. The facts show that the Islamic finance industry is more populated by those who do not have an Islamic economics or financial background. Gaps arose due to a mismatch between supply and demand.
Due to this reason, it is necessary to have regular and continuous forums in which various stakeholders are involved to meet each other to be able to find solutions to various problems encountered within the framework link and match and fulfill the academic quality of this study program.
37 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 37 Work Program Report MES collaborates with Bank Indonesia to carry out the University Gathering program with the theme “Restructuring of Islamic Economics Education Institutional Policies, Competency Standards for Graduates, and Academic Quality Assurance ”on 13 December 2018. This activity aims to: 1. Becoming a medium of communication between industry practitioners and campus academics 2. Formulating policies that are synergistic among relevant stakeholders in order to encourage responsive to the development of Islamic economics human resources 3. Updating the Competency Standards for Graduates of the Study Program to meet the link and match aspects in the context of the need for the development of the Islamic economics industry 4. A structured follow-up plan in the form of strengthening programs
E-Learning Ekonomi Syariah (Elsya) Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
Media is one of the determining factors for learning success. Through the media, the learning process can be more interesting and enjoyable. In addition, the use of media can also help clarify learning messages. Information conveyed orally is sometimes not understood by students especially if the teacher is less capable in explaining the material.
This is where the role of the media as a tool to clarify the message of learning. The use of e-Learning based sharia economic learning media is expected to facilitate students in understanding learning material. In addition, e-Learning also makes learning more effective because it can help students learn independently. Learning can also be done in different distances and times.
Islamic Economic E-Learning (Elsya) MES focuses on three forms of cooperation schemes to improve the quality of education, namely: 1. Complementing Islamic economics learning methods on campus 2. Provides an internal learning platform for Islamic financial institutions 3. Become a complementary media in training or exam activities
Throughout December 31st 2020, Elsya MES had 13,114 active users, consisting of 12,001 registered accounts and 1,113 enrollment accounts. The number of Elsya’s partners reaches 19 institutions, consisting of 38 38 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Work Program Report 17 campuses, 1 Islamic financial institution, and 1 ministry. There are positive developments in 2020, driven by community activity done from home.
Going forward, Elsya MES performance will continue to be optimized to become a leading and leading Islamic economics learning platform, one of which is through curriculum development. The MES together with the Ministry of Religion (Kemenag) is currently developing a new learning module for material about Ziswaf (Zakat, Infaq, Alms and Endowments).
MES Scholarship Foundation The MES Foundation was established to promote capacity building and resource quality Islamic economic personnel through the provision of education and research funding assistance. Throughout 2014 until 2017, MES Foundation has distributed scholarships to 86 students.
Given its strategic role in improving the quality and quantity of economic human resources syariah, MES sees Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H the need to revitalize the MES Foundation which has been in the last 2 (two) years experiencing a period of vacuum. The first step, MES invited the MES Foundation board members to stay in touch and discussed together on May 13, 2019 at Paramadina University. A number of administrators attended following the discussion, including Dr. Subarjo Joyosumarto, Dr. Aries Muftie, Dr. Aviliani, Prof. Firmanzah, PhD, Dr. Rizal E. Halim, Edy Setiadi, and Alfi Wijaya.
The results of the discussion agreed to revitalize the MES Foundation through a management reorganization. Apart from that, it was also agreed to form a daily executive management that would implement and develop various organizational programs.
The number of scholarship awardees from MES during 2018-2020 reached 30 people, both in the form of scholarship research costs (research grants) and self-development scholarships such as the TOEFL class. The list of awardees of MES Foundation scholarships as follows:
Research Grant Scholarship
Prasetyo Lupojo Ratna Eko Fauziah Samsudin Soumena 1 Universitas Hasanuddin 5 UIN Antasari Banjarmasin 8 IAIN Ambon
Abdul Rilan Syarif 6 Yusuf Aziz Yusriza 9 Dita Puspitasari 2 IAIN Ambon Universitas Islam Bandung Institut Pertanian Bogor
3 Resa Khalimatussa’diah 7 Lia Hafizah Rizqiana Universitas Kuningan UIN Antasari Banjarmasin 10 IAIN Pekalongan
Muhammad Fahri Azmi 4 Universitas Riau 39 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 39 Work Program Report TOEFL Class Scholarship
Naqiya Syahidati Riska Delta Rahayu Anis Pazriah 11 Universitas Padjadjaran 18 UIN Sunan Ampel Surabaya 25 Universitas Muhammadiyah Yogyakarta Putri Widiawati Dyah Kusuma Ningrum 12 19 Nispia Asya’bani Universitas Muhammadiyah Universitas Indonesia 26 Prof. Dr. Hamka Universitas Pendidikan Indonesia Aqidaul Izzah Machmud Mariam Kamila M. Syauqi Alghifary 20 Universitas Negeri Surabaya 13 Universitas Brawijaya 27 Sekola Tinggi Ekonomi Islam SEBI Aisyah As-Salafiyah Nadhifah Salsabila F. Aditya Dais Gumara 21 Institut Tazkia 14 Politeknik Negeri Bandung 28 Politeknik Negeri Bandung Geulis Putri Amanah Raisya Azzahra Muhammad Hendra 22 Universitas Islam Bandung 29 15 Universitas Indonesia STAIN Sorong Arif Muslikhul Bayu Wardhana Anis Khoirunisa 23 IAIN Pekalongan 30 16 Universitas Muhammadiyah UIN Walisongo Semarang Sidoarjo Dania Melati Dzuliyati Kadji 24 UIN Sunan Gunung Djati 17 Universitas Brawijaya Bandung Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
Apart from being given scholarships, the MES alumni Foundation is also given the opportunity to write a potpourri publication of journals and scientific articles of alumni published titled “Journal of Indonesian Islamic Economic and Finance”.
Figure. Journal of Indonesian Islamic Economic and Finance Source: Internal Documentation, MES 40 40 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Training and Professional Certification Work Program Report
Competency certification is needed as a form of recognition of workers who have knowledge, skills and work attitudes in accordance with the required work competency standards. Competency certification ensures that the certificate holder is guaranteed credibility in carrying out his job that covers his duty and responsibility.
As a form of mutual concern for stakeholders importance to quality and quantity Islamic economics human resources, MES through Financial Professional Certification Institute (LSP) Sharia as one of the autonomous boards have done certification for 5,910 people, with details of 1,450 in 2018, 1,875 in 2019, and 2,582 in 2020 (not included refreshment and renewal). Number of assessments 5,493 people (Success rate = 93%), with details on 1.382 on 2018, 1,661 in 2019, and 2,450 in 2020.
Table. Recapitulation of the Professional Certification LSP Islamic Financial Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
No Notes 2016 2017 2018 2019 Des-20 Total
1 Risk Management 9 464 1450 1482 2449 5864
MR 1 4 351 1032 1099 1730 4216
MR 2 6 113 376 365 571 1431
MR 3 9 0 42 18 148 217
2 CS/Teller 0 0 0 33 39 72
Banking 0 0 0 2 0 2
College 0 0 0 275 94 369
3 Amil Zakat 0 0 0 262 91 353
Amil Dasar 0 0 0 13 3 16
Total Exam/Asesi 19 464 1450 1792 2582 6307
Refreshment & 4 0 0 0 83 0 83 Extention
Total Exam, Refreshment, 19 464 1450 1875 2582 6390 dan Extention
Source: MES Internal Document 41 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 41 Work Program Report In the future, the performance of LSP-KS will continue to be optimized as a leading professional certification institution and the main reference for the Islamic finance industry. In 2019, a number of new schemes are currently developed, including: BPRS Risk Management, Intermediate Level Amil Zakat, Sharia General Banking, and Sharia Microfinance.
Education and Improvement of Financial Literacy and Inclusion Based on the National Strategy for Indonesian Inclusion Literacy in 2013, a person can be said to be well literate if he has knowledge and confidence about financial institutions, products and services, as well as skills in knowing the features, benefits, risks, rights and obligations of these financial products and services. Various studies have shown that financial literacy has a strategic role in improving individual financial management abilities.
The 2013 National Financial Literacy Survey conducted by OJK provides a snapshot of the condition of financial literacy in Indonesia. The Indonesian people’s financial literacy index is only around 21.8%. This means that out of every 100 population, only 22 people are considered well literate.
Figure. National Financial Literacy and Inclusion Index.
76,19% 67,80% 59,70% 38,03% 29,70%
Financial Literacy 21,80% Index
Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H Financial Inclusion Index 2013 2016 2019
Source. National Financial Literacy Survey, OJK
The results of the 2013 National Financial Literacy Survey conducted by the OJK show that the financial inclusion index of the Indonesian public is relatively high compared to the literacy index. The financial inclusion index in 2013 shows that 59.7% of Indonesians have accessed formal financial service institutions. Meanwhile, Indonesia’s financial inclusion index in 2016 experienced an increase when compared to 2013, which amounted to 8.1%.
The latest survey results in 2019 show that the national financial literacy index is 38.03% (37.72% conventional and 8.93% sharia). The inclusion index is at 76.19% (75.28% conventional and 9.10% sharia).
Under these conditions, it is assumed that the Indonesian people do not yet have sufficient knowledge about how to optimize money for productive activities. In addition, people also do not understand well the various financial products and services offered by formal financial services institutions and are more interested in other investment offers that have the potential to harm them. 42 42 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Work Program Report Responding to this phenomenon, MES has initiated intensive and massive implementation of education and outreach through various programs, including a Islamic Economics and Financial Roadshow, Workshop, Educational Video, and Community Development.
Over time, the Sharia Economic and Financial Roadshow has continued to develop until now it is divided into six categories, namely: 1. Sharia Bank Roadshow 2. Sharia Capital Market Roadshow 3. Sharia Insurance Roadshow 4. Sharia Multifinance Roadshow 5. Sharia Guarantee Roadshow
In connection with the Covid-19 pandemic, the implementation of the Islamic Economics and Financial Roadshow will be temporarily halted in 2020. However, MES activities continue even in the midst of a pandemic, especially those related to efforts to increase public literacy, including by converting online roadshows through video conference platforms.
Sharia Bank Roadshow Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
Sharia Bank Roadshow is an educational and socialization program about Islamic banking. This program is fairly new in 2019 and is being held in collaboration with MES with Bank Syariah Mandiri (4 cities), BNI Syariah (2 cities), CIMB Niaga Syariah (2 cities), Danamon Syariah (1 city), and Bank Victoria Syariah (1 city). ).
This program is carried out with the aim of increasing public knowledge and understanding of banking products that are in accordance with sharia principles as well as providing education on current issues in the field of Islamic banking, from a legal and practical perspective.
At the implementation of events in 10 cities in 2019, the number of participants reached 5,787 people. Going forward, this program will be further developed with the hope that it can contribute to a positive impact on the growth in the share of the Islamic banking market. 43 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 43 Work Program Report Sharia Capital Market Roadshow
The Sharia Capital Market Roadshow is an educational and socialization program about the Islamic capital market in collaboration with the Indonesian Stock Exchange, the Financial Services Authority, securities companies and investment management companies.
Chart. Implementation of the Sharia Capital Market Roadshow
Number of Cities Number of participants Number of Open Accounts
3003 2645 2645 2913 3107 2686 2035 1351 1234 888 1162 1146 Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H 7 0 12 0 18 0 18 0 20 25 32 35 2012 2013 2014 2015 2016 2017 2018 2019
Source: Internal Document, MES
Over time, the program continues to be developed until now it consists of five categories:
1. Islamic Capital Market School 4. Sharia Mutual Fund Talkshow
Sharia Capital Market Workshop Training for Trainers of Islamic 2. 5. Capital Market 3. Investor Gathering
Throughout 2018 to 2019, the Sharia Capital Market Roadshow was held in 67 cities with a total of 6,020 participants and 2,497 open accounts (41% success rate). As for 2020, due to various limitations due to the Covid-19 pandemic, the Sharia Capital Market Roadshow has been temporarily suspended and converted into the Sharia Invest Talk Webinar Series. 44 44 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Work Program Report Islamic Capital Market School The Islamic Capital Market School is a level 1 (basic) capital market and Islamic capital market educational program which aims to increase public knowledge about the capital market and its investment products that are in accordance with sharia principles. This program has been running since 2012 in collaboration with the Indonesia Stock Exchange and securities companies.
The educational material presented is basic, consisting of an introduction to the capital market and the Islamic capital market, the principles used in the Islamic capital market, general guidelines for transacting on the stock exchange, and basic knowledge of investment products that comply with sharia principles..
Chart. Implementation of Sharia Capital Market Schools
Number of Cities Number of participants Number of Open Accounts
3003 1259 2686 2035
972 888 945 359 207 108 187 7 0 12 0 18 0 18 0 7 7 8 3 60 2012 2013 2014 2015 2016 2017 2018 2019
Source: Internal Document, MES
Throughout 2018 to 2019, the Islamic Capital Market School was implemented in 11 cities with 1,331 Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H participants and 267 open accounts (20% success rate). Starting in 2016, the implementation of the Sharia Capital Market School was reduced to then be upgraded to the Sharia Capital Market Workshop program.
Sharia Capital Market Workshop
The Sharia Capital Market Workshop is a level 2 (intermediate) capital market and Islamic capital market educational program which specifically aims to increase public knowledge and understanding as well as encourage their participation in direct transactions by opening investment accounts in the capital market. 45 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 45 The program entitled “Owning a Company is Not Just a Dream” was held in collaboration with MES and the Work Program Report Indonesia Stock Exchange and has been running since 2016.
The educational material presented is a follow-up material from the Islamic Capital Market School which focuses on technical guidelines for opening a sharia capital market account and transacting on the stock exchange. This event also discussed how to choose an investment product that suits the risk profile of each investor. The output from the implementation of the Sharia Capital Market Workshop is an increase in the number of active investors in the Islamic capital market.
Chart. Implementation of a Sharia Capital Market Workshop
Number of Cities Number of participants Number of Open Accounts
1867
1482 1386 1371 1291
1054 1047
939
13 13 12 17
2017 2017 2018 2019
Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H Source: Internal Document, MES
Throughout 2018 to 2019, the Islamic Capital Market School was implemented in 29 cities with 3,238 participants and 2,230 open accounts (69% success rate). Previously, the Indonesia Stock Exchange noted that in 2011 the number of national sharia investors was around 500 investors. As of September 30, 2019, this figure had shot 121 times to 61,130 sharia investors.
Investor Gathering
The Investor Gathering is a continuation program of the Sharia Capital Market Workshop in the form of an educational program on the capital market and Islamic capital market level 3 (continued) which aims to 46 46 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Work Program Report improve the fundamental and technical analysis skills of investors in the Islamic capital market.
Through this activity, the ability of participants is expected to continue to develop so that they can contribute to encouraging the growth of the Islamic capital market in Indonesia.
Figure. Implementation of Investor Gathering
Number of Cities Number of participants
408
340 218
10 10 5
2017 2018 2019
Source: Internal Document, MES In 2019, although there was no increase in the number of implementation cities, there was an increase in participant participation. This reflects the high enthusiasm of novice investors to join this program. For that, in the future this program will continue to be developed.
Sharia Mutual Fund Talk Show Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
The Sharia Mutual Fund Talk Show is a new program in 2018 in the form of education and outreach on sharia asset management, especially sharia mutual funds, as a safe investment instrument and in accordance with sharia principles.
The program entitled “Sharia Mutual Funds, Safe Investment for the Future” was held by MES in collaboration with several investment management companies, including Manulife Asset Management and Insight Investment Management. 47 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 47 Work Program Report Figure. Implementation of Sharia Mutual Fund Talk Show
Number of Cities Number of participants
242
230
2 2
2018 2019 Source: Internal Document, MES
Training for Trainers of Islamic Capital Market Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
Training for Trainers for the Islamic Capital Market is a training program around the Islamic capital market which aims to create an extension of the teaching staff in an effort to improve Islamic capital market literacy in Indonesia.
The program entitled “Towards a Smart Society to Invest in Sharia” was held by MES in collaboration with the Financial Services Authority. In its inaugural implementation in two cities in 2019, the number of activity participants reached 150 people, mostly from academia, capital market investors, and entrepreneurs.
The material presented consists of knowledge about the capital market and Islamic capital market, the contracts used, and other related materials. In addition, participants were also provided with various techniques on how to teach and educate the public about the capital market. 48 48 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Work Program Report Sharia Insurance Roadshow
The Sharia Insurance Roadshow is an educational and socialization program about sharia insurance that aims to increase public knowledge about sharia insurance in terms of various aspects, from the basis of sharia law used in insurance products to the various benefits that can be obtained.
Figure. Implementation of the Sharia Insurance Roadshow
6252 Number of Cities Number of participants
4374 4309 3292 4216 2176 1029 1241 22 4 6 15 17 12 9 14
2012 2013 2014 2015 2016 2017 2018 2019 Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
Source: Internal Document, MES
The program entitled “Life is Full of Blessings with Sharia Insurance” was held by MES in collaboration with Prudential Indonesia and has been going on for eight years since 2012.
Due to various limitations due to the Covid-19 pandemic, the Sharia Insurance Roadshow in 2020 has been temporarily stopped and converted into a Sharia Insurance Online Talk Show.
Sharia Multifinance Roadshow 49 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 49 Work Program Report The Sharia Multifinance Roadshow is an educational and socialization program around Islamic financing that aims to increase public knowledge of various financing schemes and products in accordance with sharia principles.
The program entitled “Safe Transaction, Sharia Financing” was held by MES in collaboration with several sharia multi-finance companies. Apart from seminars and discussions, the roadshow also includes an On-Air Talk Show at radio stations held on D-1 to reach radio listeners..
Chart. Implementation of Sharia Multifinance Roadshow
Number of Cities Number of participants
3083
1885
452 444
5 10 10 4
2017 2018 2019 2020
Source: Internal Document, MES
This activity received excellent listeners ‘enthusiasm, as seen from the listeners’ active participation in asking questions over the phone during the broadcast. In each on-air, there are at least 3-4 questioners who are
Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H immediately responded to by the source.
However, due to various limitations due to the Covid-19 pandemic, this activity will be temporarily stopped in 2020 and converted to a Sharia Multifinance Online Roadshow.
Sharia Guarantee Roadshow
The Sharia Guarantee Roadshow is a new program in the form of education and outreach regarding sharia guarantee contracts and practices. The program entitled “Sharia Guarantee, Synergy to Maintain Quality of Customer Financing” was held by MES in collaboration with several sharia guarantee companies, including Jamkrindo and Jamkrindo Syariah. 50 50 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Work Program Report
This program aims to increase public knowledge and understanding of sharia underwriting and its practice in Indonesia. At its inaugural implementation in four cities in 2019, the number of participants who took part in the event reached 985 people..
Sharia Financial Planning Workshop
As a continuation of the Islamic financial planning tips video program, MES sees the need to raise this material in an activity that allows participants to ask questions directly to the resource person. For this reason, MES held a Sharia Financial Planning Workshop on May 17, 2019 in collaboration with Indo Premier Sekuritas.
Activities are packaged in the form of live broadcasts via Instagram live stories. The aim is to expand the benefits of educational programs to the public regarding financial planning in accordance with sharia
principles. The positive appreciation from viewers can be seen from the large number of active participants Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H who ask questions to the speakers. During the broadcast, the number of participants reached 200 accounts.
This program was then developed in 2020 to become Financial Literacy for Women..
Smart Syariah
Smart Syariah is an educational program and socialization of the sharia economy through radio broadcasts organized by MES in collaboration with Smart FM. Smart Syariah first aired on February 4, 2020 and until the end of 2020 it has broadcast 46 episodes with various themes around the latest issues of the sharia economy. 51 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 51 Work Program Report Smart Syariah is one of the leading MES programs in literacy with five main speakers, namely Prof. Dr. Nurul Huda, KH. Muhammad Cholil Nafis, Iman Ni’matullah, Dr. Moch. Bukhori Muslim, and Dr. Handi Risza Idris. Apart from these five resource persons, the Smart Syariah program also presents several guest speakers who are experts in their fields.
Islamic Economics Education Videos Education is important in developing Islamic economics human resources. To expand the benefits of the MES program in the field of education by observing the changing lifestyle trends of people who are turning to online media, MES sees the need to create and release a series of Islamic economics education videos that can be accessed through various MES social media channels.
In the 2018-2020 stewardship period, MES has made and released 39 Islamic economics educational videos which are divided into three series of categories::
1. Sharia Financial Planning Tips
Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H Table. Sharia Financial Planning Tips Videos
No. Theme Speakers
1 Family Sharia Financial Planning Tips Prita Ghozie
2 Hajj Financial Planning Ahmad Ghozali
Source: Internal Documentation, MES
2. Sharia Insurance and Insurance Waqf 52 52 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Work Program Report Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H
Table. Sharia Insurance Video and Insurance Waqf
No. Theme Speakers
1 Supervision of Sharia Insurance Customers Moch. Muchlasin 2 Knowing the Difference Without Problems Prof. Dr. Yunahar Ilyas 3 Basis of Islamic Insurance KH. Muhammad Cholil Nafis 4 Plan for the Future with Sharia Insurance Prita H. Ghozie 5 Sharia Insurance and Millennial Generation Trends Adiwarman Karim 6 Contribution of Sharia Insurance to the Development Prof. Bambang Brodjonegoro 7 The Urgency of Sharia Insurance Prof. Dr. KH. Ma'ruf Amin 8 Sharia Insurance Does Not Against Muhammad Syakir Sula 9 Reaching Maslahah with Sharia Insurance Prof. Dr. KH. Didin Hafidhuddin 10 OJK Policies in the Development of Sharia Insurance Prof. Dr. Wimboh Santoso 11 Helping Each Other Dr. KH. Marsudi Syuhud 12 Getting to know Sharia Insurance Waqf Prof. Dr. Muhammad Nuh 13 The Foundation of Fiqh Waqf for Islamic Insurance Dr. Oni Sahroni 14 Endowments for Insurance and the Blessings of the Hereafter Muhammad Yusuf Helmy 15 Waqf as a Solution to Social Problems in Indonesia Dr. Irfan Syauqi Beik 16 Time for Millennials to Be Literate on Waqf Jenahara Nasution
Source: Internal Documentation, MES 53 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 53 Work Program Report 4. Inspiration for Ramadan Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H Table. Ramadan Inspirational Videos
No. Theme Speakers
1 Month of Ramadan and its virtues KH. Muhammad Cholil Nafis 2 Knowing Business in Islam Edy Setiadi 3 Hajj Financial Management in Indonesia Anggito Abimanyu 4 Empowerment of UMKM (Bank Wakaf Mikro) Dr. Ahmad Soekro Tratmono 5 The Role of Youth in Sharia Economy Dr. Asrorun Ni'am Sholeh 6 Potential of Halal Tourism in Indonesia Riyanto Sofyan 7 Links and Match of HR Prof. Dr. Euis Amalia 8 Concept of Sharia Hospital in Indonesia dr. Burhanuddin Hamid 9 The Urgency of the Sharia Fintech Industry in Indonesia Ronald Yusuf Wijaya 10 Challenges to the Development of the Halal Industry in Indonesia Muhammad Bagus Teguh 11 Building the Spirit of Millennial Muslim Entrepreneur Mahendra Adinegara 12 Obligations of Halal Product Certification in Indonesia Dr. Ikhsan Abdullah 13 Getting to Know the Face of Islamic Economy in Japan Noriaki Matsumoto 14 Zakat Al-Fitr and Its Priorities Dr. Moch. Bukhori Muslim 15 Building Character of Muslim Entrepreneur Sandiaga Salahuddin Uno 16 Lessons from the Month of Ramadan KH. Muhammad Cholil Nafis 17 Indonesia & World Muslim Fashion Qibla Dr. Marissa Grace Haque 18 Getting to know the concept of Islamic housing Iwan Kurniawan 19 Smartly Managing Finances in the Month of Ramadan Muhammad Bagus Teguh 20 Homecoming Traditions in Islamic Dr. KH. Marsudi Syuhud 21 Sharia Economics and Sustainable Finance Rizky Wisnoentoro
Source: Internal Documentation, MES
54 54 World Synergy | Together Transforming a New Stream of Islamic Economics for the Ummah Welfare Work Program Report Sharia Economics Webinar Various limitations due to the Covid-19 pandemic in 2020 have not dampened MES’s commitment to always take an active role in efforts to encourage increased literacy and inclusion of Islamic finance through various work programs. The implementation of the work program is also adjusted to the applicable health protocol. Some of this was converted online via webinars.
A number of webinar activities were carried out by MES in collaboration with various parties with the following total achievements:
17 144 31.651 18 work programs times participants partners
The 17 programs include:
Sharia Invest Talk Webinar Series 30 times
Sharia Online Talk 20 times
Elsya MES Goes to Campus 19 times
Business Capacity Building Webinar 12 times
Sharia Economic Education Webinar 9 times
Online Roadshow Multifinance Syariah 9 times Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H Ngaji Bareng Nunggu Beduk Magrib Tiba 6 times
Xpose Syariah 6 times International Islamic Economic Topical Conference and Talk 5 times
Young Islamic Economist Forum 5 times
MES Expert Webinar Series 5 times
Workshop Financial Literacy for Women 5 times
Sharia Insurance Online Talk Show 5 times
Digitalk 3 times
Investment Discussion Forum 2 times
Sharia Webinar Series 2 times
Youth Entrepreneurship Course 1 times 55 Together Transforming a New Stream of Islamic Economics for the Ummah Welfare | World Synergy 55 1. Sharia Invest Talk Webinar Series Work Program Report
The Sharia Capital Market Roadshow is a routine MES program with the Indonesia Stock Exchange to be consistent for nine years in carrying out literacy, inclusion and acceleration of the Islamic capital market to the public. This program is a forum for introducing the Islamic capital market and the Sharia Online Trading System as an online Islamic securities transaction system.
Unlike previous years, the implementation of the 2020 Sharia Capital Market Roadshow was held online under the name Sharia Investalk Webinar Series, considering that in early 2020 the whole world, including Indonesia, was hit by the Covid-19 pandemic. This program was implemented in as many as 30 series starting from April 30, 2020 and ending on December 5, 2020..
This program is thematic with a different topic every month, including:
Central Board of MASYARAKAT EKONOMI SYARIAH 1439-1442 H 1. “Become a Smart Investor in the Islamic Capital Market” 2. “Recognize Halal and Legal Investments” 3. “Sharia Shares: Easy Investments, Blessing Results” 4. “Islamic Capital Market: Move On to Reassuring Investment Instruments”
Speakers involved in implementing this program are from the Indonesia Stock Exchange and Exchange Members-Sharia Online Trading System, including Indo Premier Sekuritas, Phillip Sekuritas Indonesia, Phintraco Sekuritas, RHB Sekuritas, Maybank Kim Eng Sekuritas, FAC Sekuritas, Henan Putihrai Sekuritas, Mandiri Sekuritas, and MNC Sekuritas.
The number of participants who attended the implementation of this program reached 2,486 people, in total opened 422 Islamic stock accounts. The participants cam