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VP calls for innovation, research on sharia economy at varsities

VP calls for innovation, research on sharia economy at varsities
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Rising role of sharia economy in Indonesia

Rising role of sharia economy in Indonesia
15 hours ago
16 hours ago
4th May 2021
Muslim fashion showed in an exhibition held on the sideline of Sharia Fair in Surabaya, East Java recently. ANTARA PHOTO/Moch Asim/wsj.
We can see that the role of sharia economy has continued to increase, thereby necessitating to put in place a reliable instrument, and we can develop this Indonesia is indubitably catching up with other countries in the development of the sharia economy, although the world s largest Muslim population nation was considered as being rather late in paying heed to Islamic economics.
The world s fourth most populous country has realized the need to tap the potential of sharia economy, as the State of Global Islamic Economy Report 2020-2021 indicated that Muslim consumers expenditure on halal food, beverage, pharmaceuticals, and tourism had reached US$2.02 trillion in 2019. ....

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Indonesia's halal industry gains momentum amid pandemic

Indonesia s halal industry gains momentum amid pandemic
1st May 2021 08:37
English
ANTARA FOTO/FB Anggoro/nz
Jakarta (ANTARA) - 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 collab ....

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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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