Global Trends and the Future of HR

Competencies in the Islamic Banks

Dr. Sutan Emir Hidayat – Director of Islamic Economy Supporting Ecosystem,

NATIONAL COMMITTEE FOR ISLAMIC ECONOMY AND FINANCE

27th July 2020

 Development Of Islamic Economy And Finance In Indonesia

National Islamic KNEKS AS A CATALYST IN

Economy and PROMOTING NATIONAL
Finance SHARIA ECONOMIC AND
Committee FINANCIAL GROWTH
Masterplan for Indonesia Islamic (KNEKS)
Indonesian Islamic Economic
Finance Formation of
Masterplan KNEKS based on PP
Architecture (MEKSI) INDONESIA’S ACHIEVEMENTS
no 20 of 2020
(MAKSI)
IN ISLAMIC ECONOMY AND
FINANCE AT GLOBAL LEVEL

Chairman 2015 2016 2018 2019 2020 1 Rank 1 (up from rank 2 in 2018)
Global Muslim Travel Index 2019

VICE Chairman National Islamic

Implementation
1 Rank 1 (up from rank 6 in 2018)
Global Islamic Finance Report (GIFR) 2019
Plan of Islamic
Finance Committee
Economic
(KNKS)
Development in
EXECUTIVE
MANAGEMENT OF
KNEKS
Formation of KNKS
based on PP No.91 of
2016
Indonesia
4 Rank 4 (up from rank 10 in 2018)
Islamic Finance Development Report (IFDI) 2019

Members

5 Rank 5 (up from rank 10 in 2018)

The State of Global Islamic Economy 2019 - 2020
 Mandate Of KNEKS

Mandate of KNEKS
“Accelerate, expand, and advance the development of Islamic economy and finance
in order to strengthen national economic resilience”
Scope of Development of Development and
Islamic Development of Halal Development of
Economy and Islamic Finance Expansion of Islamic
Industry Islamic Social Funds
Finance Industry Business Activities

1 2 3 4
Providing recommendations for Coordinating, synchronizing, Formulating and providing the Supervising and evaluating the
national development policy and and synergizing the formulation recommendations for problem implementation of the policy
strategic programs in the Islamic and implementation of Islamic solving in Islamic economic and direction and strategic programs in
economic and financial sector economic and Islamic financial financial sector the Islamic economic and financial
plan strategic programs sector

Implementation of KNEKS’s Function is referred to Perpres No. 28 of 2020, Clause 4

 The Ecosystem Of Islamic Economy And Finance In Indonesia

SUPPLY DEMAND

COMMERCIAL
HALAL INDUSTRY
GLOBAL
FINANCE MARKET

Area of Industry Laboratorium Port Others

Investor Government
Fund Islamic Islamic Corporation
Global
Capital Banking INFRASTRUCTURE
Market
Medium Business

MARKET
Institution Retail
Investor Islamic Non- Small business Sales and
Investor Production Distribution Marketing
Banking
Food & Tourism Cosmetics & Media and Islamic
Beverages Pharmacies Recreation Businesses DOMESTIC
Micro business
MARKET
SOCIAL FINANCE

Ultra Micro Business Community

• Wakif • Islamic
• Muzakki institutions • Association
• ZIS • Mass • Group/Community
• Donor • BMT Management Mustahik organizations Business
• BWM Organisation
• Islamic Boarding Mosque
• Nadzir Wakaf school

HUMAN CAPITAL RESEARCH & REGULATION BRANDING DIGITAL AWARENESS &

Education Institutions DEVELOPMENT Standards TECHNOLOGY CONSUMER
Socialisation
Training Institutions Regulations Big Data, Blockchain PROTECTION
Fatwa Promotion
Professional Certification Internet of Things
Institutions Artificial Intelligence,
 The COVID-19 pandemic has led to very rapid structural changes

Global Situation Coronavirus

(COVID-19)
As of 25th July 2020
Conduct distance learning

Education

Many institutions are financially pressured

Speed up digital access in all industries

Workplace Greater pressure to renew skills

Entrepreneurial opportunities

Source: Ministry of Education and Culture

Sumber: analisa Kearney
 Development of Islamic Finance in Indonesia

As of April 2020, total assets of Islamic finance in Indonesia

(excluding Islamic shares) reached Rp. 1,496 trillion

Islamic finance in Indonesia

Islamic finance

Conventional
finance
(in trillion rupiah)

Source: OJK, 2020

 Development of Indonesian Islamic Financial Institutions

Islamic banking still showed positive growth despite slowing

Islamic Banking Growth

Islamic banking
Sector

Islamic banking market share Number of Accounts Islamic Banking Exposure

In million In trillion rupiah

Soucre: OJK, 2020

Indonesia’s Human Resource Development

Rank

Human Capital Index 2018

Institute for Management

Development (IMD) World Talent
Ranking 2019
 Technical Competencies Needed at Islamic Banks

21 Technical Competencies

1. PRODUCT KNOWLEDGE (PK) 12. INVESTMENT & PORTFOLIO MANAGEMENT(IPM)

2. FIQIH MUAMALAH MAALIYAH (FMM) 13. ASSET & LIABILITY MANAGEMENT(ALM)

3. RISK MANAGEMENT (RM) 14. STAKEHOLDER MANAGEMENT (SM)

4. CUSTOMER RELATIONSHIP MANAGEMENT(CRM) 15. BUSINESS CAPABILITIES (BC)

5. LEGAL & COMPLIANCE (LC) 16. HUMAN CAPITAL MANAGEMENT (HCM)

6. DATA ANALYTIC (DA) 17. AUDIT (AUD)

7. STRATEGIC BANKING MANAGEMENT (SBM) 18. ACCOUNTING AND FINANCE (AF)

8. FINANCING ANALYSIS (FA) 19. INFORMATION & COMMUNICATION TECHNOLOGY (ICT)

9. OPERATIONS (OPS) 20. PROJECT MANAGEMENT (PM)

10. PRODUCT DEVELOPMENT AND PRICING (PDP) 21. PROCUREMENT & LOGISTICS MANAGEMENT(PLM)

11. DIGITAL BANKING (DB)

Source: Bank Syariah Mandiri
 Accelerating Development of Islamic Economy and Finance

Development of Islamic Economy and Finance KNEKS Strategic Steps:

v Aligning the education system in

1 To raise awareness of Islamic economic literacy of public in the field of Islamic economics and
general
finance with industry needs and
technological development
To increase quantity and quality of Islamic economic
2 human resources
v Developing and structuring HR
competencies through training and
3 To improve quality of products and services produced certification

v Developing the national and global

4 To improve Industrial Efficiency talent ecosystems in the Islamic
economic and financial sector
Thank You
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