About ASAD Institute | ASAD Institute

What is ASAD Institute?

How did the ASAD Institute start?

Indonesia is a country with the biggest Muslim population in the world. However, with a total of 231 million of Muslims in this country, only 20,01% claim to understand sharia economics and finance (Bank Indonesia, 2021).

The low literacy rate, especially when it comes to understanding the consequences of high interest rates, led to many problems such as vulnerability of people to illegal loans, overconsumption, overspending, and many more.

Therefore, increasing literacy rates is important to increase understanding of sharia products and increase the accessibility of those products to people and its applications within their everyday lives.

In addition, Indonesia has a low innovation rate with a score of 26.49 compared to the global average of 30.94 (Global Innovation Index, 2020), indicating that there is also a low level of innovation and research in the sharia industry in the country.

ASAD Institute was established to provide a solution for the concerns and challenges outlined above. Our purpose is to increase literacy and innovation in the field of sharia economics and finance.

What are ASAD Institution’s Vision and Mission?

ASAD Institute has a vision to become the leading and renowned educational institution within the sharia financial technology industry. We want to contribute to progress in the field.

Our missions are outlined below:

Increase literacy level of the general public, regulators, academicians, practitioners, and many other stakeholders of sharia finance industry
Carry out research for the purpose of innovation in the field of sharia economics and finance.
Build digital infrastructure for a more accessible sharia economics’ education
Provide creative solutions to the ummah’s challenges in the sharia economics and finance space.
Maintain the organization's sustainability and continued growth.

What are ASAD Institute’s objectives?

ASAD Institute has contributed to increase literacy for a total of 3000 people and collaborated with renowned institutions to write books and research papers by 1 January 2022. But we do not want to stop here.

We want to keep increasing the sharia financial literacy and supporting product innovations within sharia finance that could answer challenges faced by the general public.

We want to contribute to a more equitably prosperous Indonesia and support Indonesia to become a nation who understands and practices the good values of sharia finance such as transparency, fairness, and moral ethics in its everyday activities and financial transactions.

What would ASAD Institute do to reach the objectives?

To reach the objectives above, ASAD Institute is planning to actively participate in educational seminars on sharia economics and finance knowledge through Islamic communities in Indonesia and globally, as well as educational institutions. Research collaborations, especially when it comes to pushing product innovations within the sharia economics and finance industry, will also be a key focus of ASAD Institute.

Socializing Islamic finance understanding, inspiring innovation

For a more prosperous Indonesia with real Islamic financial values practices

ASAD Institute as Your Islamic Financial Literacy Solution

In terms of Islamic finance, lack of education and literacy can cause a person to be trapped in various financial problems such as being ensnared by moneylenders, falling into fraudulent investments, to being exposed to usury practices.

ASAD Institute is here and tries to be a practical solution that provides a variety of educational content and knowledge about Islamic finance, so that you are more comfortable at every step of your life.

Meet Our Experts

Wachid A. Muslimin

ASAD Institute Director

Dima Djani

CEO ALAMI Group

Prof. Marwan Izzeldin

Director and Founder of GOLCER & Associate Dean for International at Lancaster University

Wahyu Jatmiko

Assistant Professor in Banking and Finance at University of Southampton

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Frequently Asked Questions

What is ASAD Institute?

How did the ASAD Institute start?

What are ASAD Institution’s Vision and Mission?

What are ASAD Institute’s objectives?

What would ASAD Institute do to reach the objectives?

How do I access classes by ASAD Institute? I want to learn more about sharia finance.

How can I collaborate with ASAD Institute?

Where can I find more information about the published articles, books, and more from ASAD Institute?