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Indonesia's halal industry gains momentum amid pandemic


Indonesia s halal industry gains momentum amid pandemic
1st May 2021
ANTARA FOTO/FB Anggoro/nz
Indonesia, the world s most populous Muslim-majority nation, is focusing on developing its halal industry to meet domestic and global demand in light of trends that indicate sharia businesses grew amid the economic crises wrought by the pandemic.
The halal industry has been able to record positive performance despite the pressure on economies around the world owing to the COVID-19 pandemic. Prior to the pandemic, in 2019, the industry had recorded a growth of 3.2 percent higher than global economic growth of 2.3 percent.
Globally, spending on halal products in 2019 before COVID-19 occurred, especially on food, pharmaceuticals, cosmetics, fashion, and travel products had reached US$2.02 trillion, Finance Minister Sri Mulyani Indrawati informed on the sidelines of the online launch of a halal industry collaboration program on April 14, 2021. ....

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Indonesia incorporates Islamic values in economic recovery policies


Indonesia incorporates Islamic values in economic recovery policies
30th April 2021
30th April 2021
Vice President Ma ruf Amin delivered his keynote address to an online discussion on Sharia Business and Academic Synergy (SBAS), on December 9, 2020. (Asdep KIP Setwapres)
Having the world s largest Muslim population, it s very natural for Indonesia to start looking at Islamic or sharia economic principles to strengthen its economic resilience and untap potential of the sharia economy.
The sharia economy is believed to enable the nation implement the recovery of its economy battered by the COVID-pademic, toward a just, sustainable, and green economy.
To develop the sharia economy at its full potential, the government in 2020, issued a presidential decree on the National Committee for Sharia Economy and Finance (KNEKS). ....

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Indonesia applies principle of justice in Islamic economy for recovery


Indonesia applies principle of justice in Islamic economy for recovery
1 hour ago
Finance Minister Sri Mulyani Indrawati in a national seminar on Sharia Economics and Finance in Jakarta on Wednesday (April 21, 2021). ANTARA/screen shot of Bank Indonesia s YouTube account
We have implemented Islamic values while designing economic recovery policies Jakarta (ANTARA) - The government has applied the principle of justice, considered the main value of a sharia-based Islamic economy, to support recovery of the country s economy battered by the COVID-19 pandemic, Finance Minister Sri Mulyani Indrawati stated.
We have implemented Islamic values while designing economic recovery policies, Indrawati remarked while addressing the National Seminar on Sharia Economics and Finance here on Wednesday. ....

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Halal industry performance positive amid pandemic: Indrawati


Halal industry performance positive amid pandemic: Indrawati
9 hours ago
3 hours ago
Finance Minister Sri Mulyani Indrawati.
Jakarta (ANTARA) - The halal industry has been able to record a positive performance despite pressure on economies around the world owing to the COVID-19 pandemic, according to Finance Minister Sri Mulyani Indrawati.
The halal industry recorded a growth of 3.2 percent, or higher than global economic growth, in 2019 before the pandemic, when it was pegged at 2.3 percent.
Globally, spending on halal products in 2019 before COVID-19 occurred, especially on food, pharmaceuticals, cosmetics, fashion, and travel products, had reached US$2.02 trillion, the minister informed here on Thursday on the sidelines of an online launch of a halal industry collaboration program. ....

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