Indonesia Halal Industry Awards 2022 Celebrates Milestones in the Islamic Economy

JAKARTADAILY.ID – The Islamic economy has become the main agenda for countries in the world and is considered a core part of post-pandemic economic recovery policies.

In Indonesia, this is in line with sharia economic policies which have officially started since the enactment of Law Number 33 of 2014 concerning Guarantees for Halal Products.

The Indonesian Coordinating Minister for the Economy Airlangga Hartarto, in his remarks at the 2022 Indonesia Halal Industry Awards, Friday, December 9, 2022, stated that in 2021 itself there were several critical moments that should be noted as milestones in the development of the Islamic economy.

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First, the formation of Bank Syariah Indonesia, which is a combination of three state-owned Islamic banks. Second, the launch of the National Cash Waqf Movement. Third, strengthening halal regulations through Government Regulation (PP) Number 39 of 2021 concerning the Implementation of the Halal Product Guarantee Field.

"Furthermore, the Ministry of Industry will hold IHYA for the first time in 2021 and today is the second year it will be held," said the Coordinating Minister for the Economy quoted from kemenperin.go.id, Sunday, December 11, 2022.

Airlangga is also under pressure, as a country with the largest Muslim population in the world, Indonesia is the main target for the world's halal product market. For this reason, it is necessary to reposition it in order to appear as a global leader in the world of the halal industry.

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The State of the Global Islamic Economy Report 2022 notes, Indonesian Muslims' spending on halal products and services reached $184 billion in 2020 and is projected to increase by 14.96 percent in 2025, namely $281.6 billion or 11.34 percent of global halal expenditure.

"Nevertheless, we should be grateful that Indonesia, in aggregate, can be classified as a net exporter of halal products. This is reflected in data from the Indonesia Halal Markets Report 2021/2022 which shows that in 2020 Indonesia exports a total of $46.7 billion of halal products (food, fashion, pharmaceuticals, cosmetics) globally, and imported of $14.5 billion worth of halal products, or a surplus of $32.2 billion," Airlangga added.

On this occasion, Indonesian Minister of Industry Agus Gumiwang Kartasasmita said, to support the ecosystem for growth and development of the national halal industry, the Ministry of Industry has included Empowerment of the Halal Industry as part of the National Industrial Policy (KIN) stipulated in Presidential Regulation number 74 of 2022 concerning National Industrial Policy years 2020 – 2024.

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"We have also added Empowerment of the Halal Industry in the revision of the National Industrial Development Master Plan (RIPIN) for 2015-2035," said Agus.

Furthermore, this year the Ministry of Industry has carried out the facilitation of competency certification for halal auditors and halal supervisors, as well as facilitation of halal industry certification with a target of 1,050 industries.