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VP Ma'ruf Amin revealed three challenges for Indonesia to develop Islamic economic and financial products that are competitive in the global market.
Vice President Ma'ruf Amin argued that tax reform is necessary for Islamic financial institutions or LKS.
Vice President Ma'ruf Amin stated that Indonesia's sharia economy has just developed by 7 to 8 percent from its existing potential thus far.
Vice President Ma'ruf Amin says that Indonesia is a high potential market for the development of the Islamic economy and finance.
Indonesian Food and Beverage Association (Gapmmi) chairman Adhi S. Lukman said Indonesia had not yet become a leading exporter of halal food products.
President Jokowi lamented the great potential of Indonesia's halal industry that has not been fully exploited.
Ma'ruf Amin views that Indonesia has the potential to be the world's largest producer of halal products as it has huge domestic consumers.
Vice President Ma'ruf Amin says that the government is preparing eight halal industrial zones (KIH) in various regions.
Finance Minister Sri Mulyani hoped that policies and mechanisms aimed at improving the certification of halal products could run efficiently.
Bank Indonesia mentioned that at least there are four potential sectors that can be optimized to develop the halal industry in Indonesia.
Vice President Ma'ruf Amin invited a number of ministers, governors, and institutions heads today to discuss the development of halal industry areas.