Is Indonesia destined to become the world's market for halal products?

Hidayat, Yusup and Machmud, Aris and Zulhuda, Sonny and Suartini, Suartini (2023) Is Indonesia destined to become the world's market for halal products? RSF Conference Proceeding Series: Business, Management and Social Science, 3 (2). pp. 66-72. ISSN 2807-6699 E-ISSN 2807-5803

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Abstract

This study aims to discover and analyse the existence of MSMEs in Indonesia in the world's Halal products and Services market. As a country with the largest Muslim population in the world, Indonesia can become one of the largest markets in the world. As indicated in the Global Islamic Economic Report (GIER), Indonesia is one of the top ten countries that control the Islamic economic market, yet it fails to dominate its own Islamic market. Accordingly, the government needs to play a stronger role through regulatory policies to encourage the development of the Islamic economic ecosystem in Indonesia (halal value chain). The researchers have conducted normative juridical research with the analytical descriptive method by collecting, describing, analysing and presenting what is (das sein) and what ought to be (das sollen). The conclusion of this study shows that the quadruple helix innovation system can guarantee the development of MSMEs to achieve a high level of competitiveness -efficiency and effectiveness of the products and services produced.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Business Ecosystem, Halal Product, MSMEs, Quadruple Helix
Subjects:	BPH Islamic Economics > BPH117 Consumption. Halal issues. Standards. Certification. Halal status BPN Islamic art and architecture > BPN87 Muslim friendly and halal services H Social Sciences > HF Commerce > HF5475.I74 Halal business, entrepreneur, marketing, management, and administration K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh > KBP490 Furūʻ al-fiqh. Substantive law. Branches of law. > KBP2000 Public law. The state and Islam
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Ahmad Ibrahim Kulliyyah of Laws Ahmad Ibrahim Kulliyyah of Laws > Department of Civil Law
Depositing User:	Dr Sonny Zulhuda
Date Deposited:	30 Oct 2023 09:08
Last Modified:	30 Oct 2023 09:16
URI:	http://irep.iium.edu.my/id/eprint/107745

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