Islamic Economics Methodology
Vol. 2 No. 1 (2023): Islamic Economics Methodology

Strengthening of Islamic Principles in The Halal Industry for Sustainable Development Goals

Sri Meylinda (Faculty of Islamic Economics and Business, UIN Syahada Padangsidimpuan)
Rabiatul Adawiyah Matondang (Faculty of Islamic Economics and Business, UIN Syahada Padangsidimpuan)



Article Info

Publish Date
30 Mar 2023

Abstract

In the current era of globalization, the development of the halal industry is an important agenda for planning the development strategies of countries in the world. Even in some countries that are minority Muslim countries also have a level of awareness and concern for Islamic principles in the halal industry. The halal industry in the global era continues to experience very significant growth, the halal industry also offers the concept of goodness for consumption, so it has a guarantee that products and services produce the best quality. The superiority of the halal industry lies in sharia values, such as social responsibility, environmental friendliness, preserving nature, avoiding usury, and ethical investment. In Indonesia itself, it actually has the potential to capture market opportunities for the halal industry, but there are several factors that result in a lack of application of Islamic principles in it, this is due to a lack of strengthening policies from government sectors. This type of research uses qualitative or descriptive research. This research aims to determine the effect of the development and growth of the halal industry on sustainable development. The results of the study show that the biggest challenge in the development of the halal industry is first, social diversity that influences the consumption pattern of the halal industry. Second, the low capacity of industry players such as MSMEs in understanding the supply chain of the halal industry. Third, the low level of literacy in halal industry products.

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Journal Info

Abbrev

IEM

Publisher

Subject

Religion Economics, Econometrics & Finance Library & Information Science

Description

Islamic Economics Methodology adalah publikasi ilmiah yang diterbitkan oleh SMART Insight yang berada di bawah lembaga riset SMART Indonesia. Sharia Economic Applied Research and Training (SMART) adalah lembaga penelitian di Indonesia yang fokus pada riset seputar ekonomi dan keuangan Islam. Islamic ...