REPUBLIKA.CO.ID, JAKARTA -- RI Vice President Gibran Rakabuming Raka encourages that local potential be maximized to utilize the global sharia market space so as to bring great benefits to the nation.

“We must be able to maximize the local potential to take advantage of the global sharia market space, so that it can bring great benefits to the nation,” Gibran said in a video posted on YouTube by Gibran Rakabuming on Friday (6/6) evening.

Gibran said that Indonesia was not yet a major player in the global halal supply chain, still ranking eighth as an exporter of halal products. The prime minister said that some countries with smaller Muslim populations are even able to lead the world halal market.

According to him, it is proof that the halal industry is not only in demand in Muslim countries, but is also becoming a global attraction, along with the growing trend of halal lifestyle and halal branding.

Gibran said that by 2022, global Muslim consumer spending reached 2.3 trillion US dollars (about Rp37.4 quadrillion) and is projected to rise to 3.1 trillion US dollars (about Rp50.4 quadrillion) by 2027.

The halal food and drink sector accounted for the largest share with 43 per cent, followed by Muslim fashion at 23 per cent.

“This is what vying is aimed at by many countries. So that we must move quickly, we must not be left behind,” the Prime Minister said.

According to the Wapres, as one of the countries with the largest Muslim population in the world, Indonesia has a strong market.

However, it needs to be supported by economic independence and the halal industry, covering sharia finance, halal food and drink, muslim fashion, halal cosmetics, muslim friendly tourism, as well as islamic content.

Gibran said that in 2024, Indonesia ranks third in the Global Islamic Economy Indicator (GIEI), with exports of halal products continuing to grow by an average of 7 percent in the last six years.

In addition, 15 of the world's 30 leading halal production companies are from Indonesia. “It shows the great potential we have in the kosher industry,” Gibran said.

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