REPUBLIKA.CO.ID, JAKARTA -- Director of Financial Services and SOEs of the Ministry of National Development Planning/National Development Planning Agency (PPN/BAPPENAS) Rosy Wediawaty believes that Indonesia's economic productivity can be sustained by strengthening the sharia economy and finance.

“I am convinced that economic productivity can be sustained by strengthening the economy and finance of sharia. Sharia economy will be a very potential new form of growth that we need to optimize together,” he said virtually during Sharia Economics And Finance International Seminar - Polices for the Prabowo Goverment, Jakarta, Tuesday (3/9/2024).

According to him, the reason that underlies optimism about the economy and finance of sharia is because the sector has such great potential.

Over the past five years, Indonesia's exports of halal products showed a better growth trend compared to imports of halal products. For example, in 2022, Indonesia's global halal product exports increased by about 9.05 percent compared to 2021. Throughout the period 2017-2021, the share of the halal value chain showed an increasing trend with a contribution of approximately 25.44 percent to Gross Domestic Product (GDP) in 2021. However, in 2022 it experienced a significant decline, and again increased in 2023 with a contribution of almost 23 percent to GDP.