Islamic financial services in Indonesia have great potential considering the majority of the population is Muslim. However, the use of Islamic financial products and services is still not perfect. referring to the, the market spread of Islamic finance indusfri nusantara is still below 10%, far from the expected potential
Causes of low interest in Sharia services
Internal factors from within the personal masyarakta
Personality because masyaraat own keingina memiliki to menggunaakn Sharia financial services but they have not switched because they consider Sharia and conventional finance is the same just use a different name
Public trust in Sharia financial institutions, most people have not been percya one hundred percent in Sharia financial institutions because dinlai is still new and in terms of assets masyarakt assess Islamic banks have not been able to manage public funds
Dalma experience in using financial services masyarakt more trust in conventional financial institutions, lack of socialization causes the experience and knowledge of Islamic banking services akn sedikti that affect the interest of masyarakt daalam using Islamic financial institutions
External factors of social influence
Families usually give pengraguh request and desire seseoraing with high intensity peremuangan with family members resulted in someone reluctant to switch from conventional to Sharia
People with many lingkunagn who still use conventional financial institutions influence someone to be reluctant to immediately switch to financial institutions
Services in the service industry into a decline ukurm consumers will switch or loyal to one financial services institution on the basis of services that diberik better
Differences between Sharia services and conventional services
Sharia services operate on Islamic principles, such as the Prohibition of usury (interest) and hateful tramsation. For example, in Islamic banking, banks do not charge interest on loans, but use a revenue sharing system arau rent. This is different from the conventional perbahan mekenakan interest on loans.
Types of Sharia services available in Indonesia
beberapabentuk keunagn ayang services available in indonesia, among others
Sharia banking: banks that provide products and services in accordance with Sharia pmsip.
Sharia insurance: insurance products that operate based on sharia principles, such as takaful.
Sharia investment: investment instruments that comply with Sharia principles, such as sukuk and Denasyariah mutual.
Sharia financing: financing services that do not involve bribery and in accordance with Sharia principles.
Benefits Of Using Sharia Services
Using Sharia services guarantees transactions and investments that are in accordance with the principles of the Islamic religion, provide peace of mind, and support sustainable economic growth.
Socialization and education are important to increase interest
To increase public interest in Sharia services, intensive socialization and education efforts are needed regarding the benefits and advantages of Sharia services. Governments, financial institutions, and community organizations need to work together in this effort.
The role of MUI in the development of Sharia services
The Indonesian Ulema Council (MUI) has an important role in issuing fatwas and overseeing the implementation of Islamic values in financial services. MUI can also be a liaison between the Islamic finance lemhaga and the community to improve understanding and trust in Sharia layaman.
Future prospects of Sharia services in Indonesia
With the increase of Sharia financial literacy and public awareness of the importance of genuine transactions, the prospect of Sharia services in Indonesia is very bright. It is hoped that Sharia services can become the main alternative for the community in conducting financial transactions.
By understanding the Fundamental differences between Sharia and conventional services, as well as the benefits offered, it is hoped that the community can make financial bankruptcy wiser and purer with the principles of Islam.