Indonesia needs aggressive strategies to drive Islamic economy: VP

Indonesia needs aggressive strategies to drive Islamic economy: VP

Vice President Ma'ruf Amin at a meeting with the Sharia Economy and Finance National Committee (KNEKS) at his official residence in Jakarta on Monday (April 26, 2021). ANTARA/HO-Vice Presidential Secretariat/sh

Jakarta (ANTARA) - Indonesia will require to apply aggressive strategies to drive Islamic-based economic and financial development, according to Vice President Ma'ruf Amin.

Improving data on domestic halal products poses the biggest challenge for Indonesia, as the world’s largest producer of halal products, to grow, Amin noted in a statement here on Tuesday.

"Codification and export recording of Indonesia's halal products must be completed. Thus, Indonesia could be recognized as the largest exporter of halal products. We need an aggressive movement," the vice president noted in a meeting with the Sharia Economy and Finance National Committee (KNEKS) here on Monday (April 26).

The lack of a good data collection system for halal products is among the problems that hinder the certification process and identification of their types.

The potential for a broad array of products, including food and beverage, medicines, cosmetics, and fashion, to be developed in the domestic halal industry would require a good data collection system to boost exports, according to Amin.

The government is eyeing to make Indonesia the world’s biggest producer of halal products by 2024.

The State of Global Islamic Economy Report 2019-2020 highlighted an improvement in Indonesia’s ranking as the world’s producer of halal products, from 10th and rising up to fifth-largest scoring 49, after Malaysia, the United Arab Emirates, Bahrain, and Saudi Arabia.

KNEKS Executive Director Ventje Rahardjo, KNEKS Sharia Financial Service Director Taufik Hidayat, Sharia Social Finance Director Ahmad Juwaini, Sharia Business and Entrepreneurship Director Putu Rahwidhiyasa, Halal Product Industry Director Afdhal Aliasar, and Sharia Ecosystem Infrastructure Director Sutan Emir Hidayat were attendees at the meeting. Related news: Indonesia applies principle of justice in Islamic economy for recovery
Related news: VP seeks greater digital literacy among Islamic economic actors


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