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All Journal JAM : Jurnal Aplikasi Manajemen Ikonomika : Jurnal Ekonomi dan Bisnis Islam Jesya (Jurnal Ekonomi dan Ekonomi Syariah) IQTISHADUNA: Jurnal Ekonomi dan Keuangan Islam Khazanah Hukum International Journal of Islamic Khazanah Jurnal Ekonomi Jurnal of Applied Business and Banking (JABB)
Mas’ud, Riduan
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Religion Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Public Health Social Sciences

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Journal : Khazanah Hukum

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The Role of Legal and Regulatory Frameworks for Sharia-Compliant Financing in Promoting Innovation and Quality Enhancement in Indonesia's Halal Industry Mas’ud, Riduan; Muwazir, Mohd Rizal
Khazanah Hukum Vol. 7 No. 2 (2025): Khazanah Hukum
Publisher : UIN Sunan Gunung Djati

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/kh.v7i2.43440

Abstract

Indonesia’s halal industry is experiencing rapid growth, driven by increasing consumer demand for products that comply with both sharia principles and global quality standards. This study examines the role of legal and regulatory frameworks governing sharia-compliant financing in supporting innovation and improving product quality within the halal sector. Using a qualitative research design with a descriptive-analytical approach, data were collected from 15 experts in Islamic finance, economic law, and halal business practices. The findings reveal that legal instruments—such as the Sharia Banking Law, regulations issued by the Financial Services Authority (OJK), and policies from the National Committee for Islamic Economy and Finance (KNEKS)—provide a legal foundation that facilitates ethical and inclusive access to capital. These frameworks contribute to the development of an innovative and competitive halal industry. However, challenges remain, including regulatory overlaps, weak enforcement mechanisms, and limited harmonization between central and regional regulations. The study concludes by recommending regulatory reforms and institutional strengthening to optimize the legal contribution to the sustainable growth of Indonesia’s halal industry.
Co-Authors Afdawaiza Afdawaiza, Afdawaiza Akbar, Muhammad Islahuddin Albazi, Uzair Azizurrohman, Muhammad Eric Harianto Fabiola Leoparjo FACHROZI. F Fauzan . hasanah, shofia mauizotun Ilmi, Sayyidah Hafidhatul Ilyas, Gunawan Bata Jihan, Annisa Sekar Khairul Hamim Khotmi, Herawati Manulandong, Shahid Q. Mayasari, Ludmila Mohd Rizal Muwazir, Mohd Rizal Nursaid Ramadani, Lalu Ahmad Rifa'i, Khamdan Sanurdi Sanurdi Yolanda, Vina Yulia Nur Hasanah