economy

Bank Muamalat Provides Sharia Financial Planning Education For Generation Z

Bank Muamalat Indonesia Tbk provides education on Sharia financial planning to Generation Z in Central Java and Yogyakarta in a seminar titled Investment Literacy Goes to Campus. This educational seminar was held at two locations, namely at the State Islamic University of Wali Songo Semarang on Wednesday, June 12, 2024, and the Islamic University of Indonesia Yogyakarta on Friday, June 14, 2024.

The SEVP Retail Banking of Bank Muamalat, Dedy Suryadi Dharmawan, stated that the locations of Central Java and Yogyakarta were chosen because they are regions with the largest managed funds for mutual funds and sukuk at Bank Muamalat. In fact, there are already universities that have become mutual fund investors at Bank Muamalat and utilize these funds as perpetual funds.

"Through this seminar, we hope to provide insights into the importance of Sharia financial literacy from an early age to students who are Generation Z. With a better understanding, we hope that students can manage their finances more wisely and as early as possible. In addition, this activity is part of our strategy in targeting the Gen Z market as sustainable customers of Bank Muamalat," he said.

Dedy explained that Bank Muamalat focuses on educating students about the use of affordable Sharia financial instruments by introducing two flagship products, namely Sukuk and Mutual Funds. These two products are expected to become safe investment alternatives that are in line with Sharia principles for students.

As a pioneer of Islamic banks in Indonesia, Bank Muamalat is committed to continuously providing the best education and services to customers, especially the younger generation. This activity is expected to be the first step in creating a financially literate younger generation ready to face financial challenges in the future.

Just so you know, as of March 31, 2024, the managed funds of Bank Muamalat's wealth management products have grown by approximately 40% compared to the total managed funds at the end of 2023. Currently, the majority of customer investment funds are placed in deposit instruments, followed by government bonds and mutual funds.