Global Demand for Halal Products can Provide Tailwinds for Indonesian Exports Despite Pandemic: Ma’ruf Amin

Speaking at the Indonesia Islamic Festival 2020 webinar on the 26th of November 2020, Indonesian Vice President, Ma’ruf Amin, stated that there was an opportunity to grow Indonesia’s Halal exports given the demand for Halal products globally and due to the fact that Halal exports still comprised a small part of the economy.

Amin further explained that COVID-19 had not impacted the Shariah economy as severely as conventional economic activity, with the global Islamic economy contracting 2.5% in 2020 and the global economy anticipated to contract 5.2% in the same year.

Despite the revision in the size of the global Islamic economy to USD 2.4 trillion in 2024 (post-pandemic...