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Indonesia Can Become Halal Industry Leader: BI

English indonesian economy (en)
Eko Nordiansyah • 07 November 2019 12:20
Surabaya: Bank Indonesia believes that the country's Islamic economic sectors have a lot of potentials. Some of the potential sectors are halal food, halal tourism, Islamic fashion, creative, integrated agriculture and renewable energy.
Indonesia is the country with the largest Muslim population in the world. At least 207 million Indonesians are Muslims.
“We are still optimistic that in the future Indonesia will become the halal industry leader that is not only able to fulfill domestic demand but also global demand.” BI Deputy-Governor Dody Budi Waluyo said here on Wednesday, November 7, 2019.

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According to the BI official, BI's Islamic economy blueprint consists of three pillar.
The first pillar is the development of Islamic economy through the development of halal value chain aimed at assisting the production of high-quality local products which is not only in line with local standards but also global standards.
The second pillar is the improvement of the market for Islamic financial industry, which can be carried out through the availability of Islamic financing while taking into consideration the commercial and social aspects, with the support of a variety of instruments that can also attract high-profile investors either domestic or international.
The last pillar the creation of capable and competitive human resources on the condition that it is
provided with academic materials based on not only domestic standards but also international standards.
“The upcoming Indonesia Islamic Economy Festival is expected to provide opportunities to introduce initiatives and breakthroughs in the sectors of Islamic economy and finance,” he said. (Translator: Muhammad Gestinev)


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