The Indonesian archipelago’s Islamic economy opportunities
Indonesia has the potential to be an Islamic economy powerhouse. It has all the necessary attributes to do so: the world’s largest Muslim population, abundant agricultural land, and all the pillars of the Islamic economy – halal food, halal pharmaceuticals, halal cosmetics, modest fashion designers, Islamic-themed media, Muslim-friendly travel, and Islamic finance.
But as Sapta Nirwandar, Chairman of the Indonesia Halal Lifestyle Centre, said during a talk at the 8th Indonesia Sharia Economic Festival (ISEF), “Indonesia leads in the global halal industry space as a consumer, not as a producer.”
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