<![CDATA[Indonesia, as one of the countries with the largest Muslim populations, places considerable importance on halal-related information associated with products. This study aims to examine the impact of halal information disclosure on firm value and performance by introducing halal information disclosure as a novelty. Using a sample of consumer non-cyclicals companies in the food and beverage subsector listed on the Indonesia Stock Exchange during the 2019–2023 period, this study finds that halal information disclosure has no significant effect on earnings per share (EPS), sales, price-to-book value (PBV), or Tobin's Q. These findings indicate halal information disclosure has not yet generated measurable economic benefits for firms. One possible explanation is that the observation period coincided with the COVID-19 pandemic and the subsequent economic recovery, during which stakeholders were more concerned with firms' operational resilience and financial stability than with halal-related disclosures. Consequently, the potential value of halal information disclosure may not have been fully recognized by investors and other.]]>
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