The Shariah Economy Continues to Play an Increasing Role in Indonesia: Finance Minister

Indonesia’s Finance Minister, Sri Mulyani Indrawati, has highlighted the growing importance of the Shariah economy within Indonesia, stating that a reliable instrument is needed to extend benefits to the public.

Why it Matters?

Speaking at a national seminar on the Shariah economy and finance in Indonesia on the 21st of April 2021, the Finance Minister highlighted the four key aspects of Indonesia's Shariah economy namely, developing the Halal industry, Shariah finance, Shariah social finance, and Shariah entrepreneurship.

Details

According to the State of Global Islamic Economy Report 2020-2021, consumption expenditure for Halal food, beverage, pharmaceuticals, and tourism was recorded at USD 2.02 trillion in...