Surabaya, 24-25 July 2019

The Fiscal Policy Agency of the Ministry of Finance the Republic of Indonesia in collaboration with the Faculty of Economics and Business, Airlangga University, and the National Islamic Finance Committee held their 4th Annual Islamic Finance Conference (AIFC) at the JW Marriott Surabaya. The theme of this conference was "Blending Islamic Finance and Impact Investing for SDGs" or how Islamic finance and impact-investing are jointly applied to achieve sustainable development goals (SDGs). This conference was attended by 450 participants from policymakers, economists, academicians, and industry players, to discuss Sharia economic and financial issues. The Deputy Minister of Finance of the Republic of Indonesia, Mr. Mardiasmo, mentioned in his remarks that Islamic finance plays a large potential role in impact investment. "The purpose of Islamic investment is to achieve good things such as the obligation of zakah to those who are entitled. This is in line with impact investing, namely business goals are still achieved and can provide benefits to the community in achieving the SDGs, "said Mr. Mardiasmo.