Indonesia Shariah Economic Festival (ISEF) 2021

The COVID-19 pandemic has been affecting the global economy since 2020, with a series of stimulus, economic aid packages, and other policy responses implemented by governments to combat the spread of the disease and to survive the recession. The unprecedented event serves as momentum to rethink an economic system that is stable, resilient, inclusive, and sustainable, along with a strong social safety net system. Rapid digital transformation supported by the rise of the sharing and collaborative economy has also contributed to a more effective and efficient resource allocation. This development has shaped a new normal for the global Islamic economy, which requires breakthrough initiatives and innovations to strengthen the ecosystem of the Islamic economy that synergizes Islamic finance, Islamic social finance, halal industries, and Islamic businesses, to achieve inclusive, resilient, and sustainable growth.