Indonesia’s Financial Services Authority (OJK) Chairman Friderica Widyasari Dewi has appealed for prayers from religious leaders within the Indonesian Council of Islamic Scholars (MUI). Dewi requested the support of influential kiai (Islamic scholars) and ulama (religious leaders) to help stabilize the Indonesian capital market. This request comes amidst concerns about market fluctuations potentially linked to MSCI sentiment, impacting investor confidence. Dewi hopes spiritual guidance from MUI will bolster market resilience and return it to solid footing. This move suggests recognition of the significant role religious figures play in shaping public perception in Indonesia, and its potential impact on financial decisions. OJK believes garnering support from MUI will positively influence market sentiment and contribute to economic stability in Indonesia.

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