Background

Background

In line with the development of the industrial Revolution 4.0, the Indonesian government is committed to accelerate the implementation of the fourth industrial revolution as the frontline of Indonesia's economic growth in order to achieve Indonesia's vision of being the top 10 of the world economy in 2030. It is clearly observed that the Industrial Revolution 4.0 has come and will continue to run with all the demands for reform in various fields. This era of digitalization is an important force in the era of the industrial revolution 4.0. The concept of digitalization is a force that must exist in accelerating economic and financial development because the use of digital economic systems is already impossible to avoid at this time. Indonesian people are continuously encouraged to use more digital systems in doing business as well as e-commerce which has shifted the way of from conventional to online systems.

The development of Islamic economics and finance in Indonesia must also be in line with the acceleration of the concept of Digitalization. Moreover, Islamic finance in Indonesia has the potential to grow, due to the dominance of the potential for Muslim segmentation as both consumers and business people. Likewise with the development of the real sharia sector, which is also growing rapidly in various fields, especially for halal food and Islamic tourism, which of course provides a synergy between the real halal sector and Islamic financial services.

Along with the development of the real sharia sector, the Islamic financial sector should be a driving factor. Indonesia has a very large market share, but sharia banking only contributed 5.96% to the market share with asset growth of around 12.57% in December 2018. (Indonesian Sharia Banking Snapshot 2018, https: //www.ojk.go. id). Although it is not growing fast, the development of the Islamic financial industry which still has the potential to be the best alternative in supporting the real sector. The characteristics of Islamic banking systems that operate based on profit sharing principles provide an alternative banking system that is mutually beneficial for customers and banks. Islamic banking also prioritizes aspects of fairness in transactions, ethical investment, promoting the values of togetherness, and avoiding speculative activities in financial transactions. By providing a variety of products and diverse banking services with a more varied financial scheme, Islamic banking is an alternative to a credible banking system that can be enjoyed by all classes of people.

The international conference organized by the Faculty of Islamic Economics and Business (FEBI), the State Institute of Islamic Studies of Bukittinggi (IAIN Bukittinggi). This international conference takes the theme "The Reinforcement of Islamic Economics and Finance in the Digital Economy Era" which aims to develop an academic environment that contributes to the development of various matters related to Islamic economics and Islamic finance in the era of digitalization through presentation of concepts and scientific paper from academics and practitioners. Another purpose of this conference is to support academic activities in publications relating to the development of Islamic economics and Islamic finance. Through Call for Paper activities, we hope that research related to Islamic economics and finance can accelerate the development of Islamic economics.

This international conference will be held on Wednesday 16 October 2019 at the IAIN Bukittinggi Student Center Hall. The seminar will be attended by 250 participants coming from academics such as State Islamic Universities and Islamic Universities, State Universities, Private Universities, practitioners of Sharia Financial Institutions and practitioners of Non-Islamic Financial Institutions, Sharia business practitioners, students, lecturers and other sharia economic activists.