Indonesia has achieved a major milestone in the global halal economy ecosystem. According to DinarStandard’s report released during the Global Launch of The State of Global Islamic Economy (SGIE) Report 2024/2025, Indonesia ranks as the top country among Organisation of Islamic Cooperation (OIC) members in terms of investment deals, reaching a total value of US$1.6 billion or approximately IDR 26.03 trillion.

This achievement places Indonesia at the forefront in attracting investment into the halal sector, outperforming all other OIC nations. Globally, total investment in the halal economy reached US$5.8 billion, or roughly IDR 94.36 trillion (using an exchange rate of IDR 16,296 per USD).

“Indonesia is leading all OIC countries in terms of the number of investment deals. This is truly a remarkable accomplishment,” stated Reem El Shafaki, Partner at DinarStandard, during the launch of the SGIE Report 2024/2025 on Tuesday (July 8, 2025).

Reem elaborated that the primary sectors attracting investment include halal food, pharmaceuticals, cosmetics, Islamic entertainment and media, and Muslim-friendly tourism. In addition to these core sectors, there is growing interest in halal technology solutions such as blockchain for supply chain traceability, AI-based halal certification, and a post-pandemic shift toward localized production.

According to Reem, Indonesia’s leadership in investment is strongly supported by its increasingly robust ecosystem. She emphasized that the collaboration between government entities, the halal industry, and private sector stakeholders has played a pivotal role in achieving this success.

"I would like to congratulate all the efforts from government entities, policy frameworks, the strength of the halal ecosystem, and the vibrant startup environment—all of which have started to bear fruit," she expressed.

This surge in investment signals Indonesia’s growing attractiveness in the global Islamic economy landscape. Reem also stressed that this success should be leveraged by fostering stronger cross-sector collaboration and innovation, ensuring that Indonesia is not only a recipient of investments but also a leading force within the global halal supply chain.