Indonesian VP Calls for Sharia-Compliant Investment from Foreign Countries

JAKARTA, KOMPAS.com – With the development of the Islamic economy in Indonesia, Vice President Ma’ruf Amin called for foreign investors to invest in various halal industries in the largest Muslim-majority country in the world.

“Do not hesitate to invest (in the halal industry) as we have big economic potential and we can become the world’s largest halal producer,” said Ma’ruf during his visit to the Halal Industrial Park in Sidoarjo, East Java, on Friday, October 1.

He said that the Indonesian halal certification has been globally recognized. Therefore, it should not be a problem in terms of the certification of halal products. Besides, the quality of the Indonesian products and facilities has also been well-maintained.

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“Indonesia has the great potential of investment for investors around the world,” the vice president said in a televised message.

China, Brazil, and the Middle Eastern countries are among the investors in Indonesia. However, he added, many countries remain unaware of the potential investment in Indonesian halal products.

He lauded the Ministry of Industry and Trade for promoting the country’s potential economy. “I think our potential sharia economy is huge. We have great resources, we are the biggest consumers in the world. Therefore, we have a great potential to develop this halal industry,” said Ma’ruf, who is also the former chairman of the Indonesian Ulema Council (MUI).

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The development of the Halal Industrial Park in Sidoarjo is part of the country’s efforts to boost the sharia economy. The area is equipped with various integrated facilities from obtaining permits, halal certification, capital, and other technical guidance to meet international standards.

“We have a big potential of food products, beverages, fashion, and pharmaceuticals,” he said.
It was reported that in the sharia finance sector, Indonesia’s Islamic finance assets recorded 1,862.7 trillion rupiahs ($128.3 billion) as of March 2021, or equivalent to 9.96 percent of the total financial assets.

(Writer: Deti Mega Purnamasari | Editor: Dani Prabowo)

Source: https://nasional.kompas.com/read/2021/10/01/10111731/wapres-undang-investor-seluruh-dunia-untuk-investasi-halal-di-indonesia.