Indonesia Embraces Digitalization to Boost Halal Industry Growth

Indonesia is leveraging digitalization to enhance its position in the global halal market, which was valued at US$2.2 trillion in 2022 and is projected to reach US$4.1 trillion by 2028, Zawya reported yesterday.

Dr. Sutan Emir Hidayat, Director of Sharia Economic and Financial Infrastructure at KNEKS, highlighted this potential during the 5th UUM International Islamic Business Management Conference 2024.

With the world’s largest Muslim population, Indonesia has seen a 41% increase in halal certifications in 2024, alongside halal product exports reaching US$61.59 billion in 2022. Digital tools such as e-commerce platforms, Islamic fintech, and digital traceability systems are transforming the halal value chain.

KNEKS is implementing initiatives to support Islamic businesses, promote QRIS (QR Indonesia Standard), and enhance collaboration between Islamic banking and fintech.