Jakarta, July 8 -- Former vice president Ma'ruf Amin has announced that the government is planning to transform the National Committee for Islamic Economy and Finance (KNEKS) into a new institution called the Islamic Economy Agency (BES).

"God willing, the national committee will soon be rebranded as the Islamic Economy Agency. I have spoken with Mr. President (Prabowo Subianto) to fast-track this process," the 13th Indonesian president said at the launch of the 2024-2025 State of Global Islamic Economy (SGIE) Report in Jakarta on Tuesday.

He expressed confidence that the emergence of the BES would help the government drive innovation in policymaking and boost cross-sectoral coordination for the development of the Islamic, or sharia, ec...