LPS Chairman: Halal Beyond Labels is inevitable for building a Sharia Economy

Indonesia possesses immense potential in the global halal product industry, driven by its status as one of the world's largest consumer markets for such goods. Anggito Abimanyu, Chairman of the Board of Commissioners of the Deposit Insurance Institution (LPS), emphasized that embracing 'Halal Beyond Labels' is crucial for developing a sustainable sharia economy.

Abimanyu explained that 'Halal Beyond Labels' is a global concept that extends the meaning of halal beyond mere certification or logos. He stated that this approach should guide Indonesia's agenda to build a sharia economy that is fair, inclusive, and beneficial to all segments of society. The country benefits from a strong base of Micro, Small, and Medium Enterprises (MSMEs), competent academics, and a vibrant young generation.

If these strengths are channeled effectively within an integrated halal ecosystem, Indonesia could transition from being merely the largest halal consumer to becoming a leading global producer and reference point for halal products. However, significant hurdles persist.

Abimanyu acknowledged ongoing challenges related to domestic affairs, processes, governance, and the costs associated with enforcing halal labels within the country. Issues such as bureaucratic complexities, a shortage of qualified auditors, and the need for better harmonization between various agencies are identified as key areas requiring further attention and resolution.

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Halal Beyond Labels should make us a real agenda to build a sharia economy that is fair, inclusive, and brings benefits to the whole society.