The Indonesian Muslim fashion industry is ranked third in the world, referring to data from the State of the Global Islamic Economy Report 2020-2021. This indicates that the development of the halal industry in the country is growing and performing brilliantly in the last two years, and has a significant contribution to the national economy. This was stated by the Secretary General of the Ministry of Industry Dody Widodo in a statement in Jakarta, Monday (20/12/2021). "In the halal pharmaceutical and cosmetics sector, we have increased 19 places so that we are currently ranked 6th in the world. Meanwhile, in the modest Muslim fashion sector, Indonesia is now ranked 3rd in the world," he said. He added that besides that, Indonesia is currently ranked fourth in the food sector (halal food), up eight places compared to the previous position. According to Dody, the realization of investment in the halal industry in Indonesia is the highest in the world. Throughout 2018-2021, there were 80 transactions in the form of M&A (mergers and acquisitions), Private Equity (PE), and Venture Capital (VC) related to the halal industry.

"These transactions are spread across every sector, with the largest occurring in the halal food and Islamic finance sector," he explained. He explained that the Ministry of Industry is determined to work harder in developing the national halal industry so that it can be globally competitive. Therefore, continued Dody, acceleration is needed so that Indonesia can immediately transform from a top consumer market to a top halal exporter. In order to support the development of the halal industry ecosystem in Indonesia, the Ministry of Industry has taken several policy initiatives related to the development of the halal industry, such as accelerating the halal certification process for industry, especially the small and medium industry (IKM) sector. The establishment of a Halal Inspection Agency (LPH), and strengthening of human resource capacity through facilitation of halal auditor training. "With experience as a leading sector in the application of the Indonesian National Standard (SNI) industry, the Ministry of Industry can play a role and the Halal Assurance System (SJH) in the future," he added.

Sources: https://www.solopos.com/keren-industri-fesyen-muslim-ri-masuk-peringkat-tiga-dunia-1219974