Photo: A policeman wearing a face mask directs traffic in Purwokerto, Banyumas, Central Java, Indonesia, on March 31,2020. Untung Subagyo/Shutterstock

Islamic Finance

Indonesia’s Islamic fintechs downgrade growth forecasts but plod on amid coronavirus crisis


JAKARTA – Most of Indonesia’s Islamic fintechs are re-orienting or pivoting their businesses as the country’s MSMEs and entrepreneurs slump due to social distancing and other restrictions amid the spread of the novel coronavirus, Ronald Yusuf Wijaya, chairperson of the Indonesia Syariah Fintech Association (AFSI) told Salaam Gateway.

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COVID-19