Optimization of the Halal Ecosystem in the Development of the Sharia Banking Industry in Indonesia

Abstract

Indonesia is currently known as the country with the largest Muslim population in the world, with a Muslim population of 209.1 million or 87.2% of the total population. That number represents 12.7 percent of all Muslims in the world (The Pew Forum On Religion & Public Life) it is fitting for the Halal Industry sector to see this as a potential new market niche. The sub sectors of the Indonesian halal industry are agriculture, food, fashion, tourism, and renewable energy. Bank Indonesia in the development of the tourism sector is implementing a Halal Ecosystem development strategy. This study aims to determine the optimization of the halal ecosystem in the development of the Islamic banking industry in Indonesia. This type of research uses descriptive qualitative research methods, by observing and studying collected documents. The results of this study indicate that the optimization of the halal ecosystem has a positive effect on the development of the Islamic banking industry in Indonesia.