The news highlights Indonesia's thriving Sharia economy and finance sector, particularly in the lucrative Halal Value Chain (HVC), presenting a compelling opportunity for companies to tap into this burgeoning market. With a consistent positive growth trajectory and significant contributions to the national economy, sectors such as halal food and beverages, Muslim-friendly tourism, and modest Muslim fashion offer promising avenues for investment and expansion. Moreover, Indonesia's rise in the global Islamic economy rankings underscores the country's increasing prominence and potential as a hub for halal products and services. As the government implements strategic initiatives like mandatory halal certification and digitalization, coupled with strong support from regulatory bodies like Bank Indonesia and the OJK, companies can capitalize on this momentum by strategically positioning themselves within the sharia economy ecosystem, fostering collaborations, and leveraging opportunities for innovation and market penetration to drive growth and competitive advantage.
Source: https://www.bi.go.id/en/publikasi/ruang-media/news-release/Pages/sp_263924.aspx
