Promovendus Syafaat Muhari has been declared to have graduated with honors. Dr. Syafaat Muhari has successfully defended his research results and promoted them today, Wednesday, July 16, 2025. Dr. Syafaat Muhari is the 199th Doctor of Development Economics (Islamic Economics and Finance (IEF)) at Trisakti University. His research is entitled “Determinants of Liquidity Creation of Islamic People’s Economic Banks in Indonesia”. This research is very interesting and is still rarely studied. Hopefully the results of this defended research can be a contribution to the nation, state and religion. Once again, congratulations and success to Dr. Syafaat Muhari.