MEMAHAMI ESENSI DAN POTENSI

EKONOMI SYARIAH

PROF. DR. HR. AGUS SARTONO, MBA

Disampaikan Pada Acara:

Halaqah Abdul Wahib Maktub Mingguan
Jogya, 29 Desember 2023

1
 THE ECONOMICS SYSTEM
• The Capitalism system is the concept of economic system that based on the
free market price. The production and the consumption of the goods that
based on this system are on demand and supply.
• The communist system in which property and capitals are owned and
managed by the nation or state. In this system the wages are set by the state
and also the state consider the national output.
• The sharia or Islamic economic system where the goods and service are
exchanged free based on the demand and supply. It can use money or barter
or debit and credit value. Also in this system the entrepreneurs are also
encourage in order creating the wealth through employment and social
activities.

2
SHARIA ECONOMIC SYSTEM
Islamic economics aim for moral
development, promoting unity, social
justice, fair and equitable
distribution, circulation of wealth and
providing basic human needs.

An economics system that based on

what is permitted being lawful-Halal
and what is forbidden being
unlawful-Haram is the soul
prerogative of God. In addition thus
system ensure that there is no share
kept aside for the poor

3
 Hasil Sensus Penduduk 2020 Kondisi Aktual
Berita Resmi Statistik No.07/01/Th. XXIV, 21 Januari 2021 Demografi Indonesia
▪ Penduduk Indonesia hingga bulan September 2020 adalah
sebanyak 270,20 juta jiwa. Dibandingan dengan 2010
terdapat penambahan jumlah penduduk sebanyak 32,56
juta jiwa atau rata-rata sebanyak 3,26 juta jiwa setiap
tahun.
▪ Mayoritas penduduk Indonesia didominasi oleh Generasi Z
(lahir pada tahun 1997-2012) dan Generasi Milenial (lahir
pada tahun 1981-1996).
▪ Jumlah proporsi Generasi Z sebanyak 27,94% dari total
populasi dan Generasi Milenial sebanyak 25,87%. Kedua
generasi ini termasuk dalam usia produktif yang dapat
menjadi mempercepat pertumbuhan ekonomi.
▪ Jumlah persentase penduduk usia produktif (15–64 tahun)
terhadap total populasi pada tahun 2020 sebesar 70,72%.
Sementara persentase penduduk usia nonproduktif (0–14
tahun dan 65 tahun ke atas) sebesar 29,28 persen di 2020.
▪ Persentase penduduk usia produktif sebesar itu
menunjukkan bahwa Indonesia sudah berada pada era
bonus demografi.
Sumber : Badan Pusat Statistik 2020 4
 STATE OF THE GLOBAL ISLAMIC
ECONOMY (1)
• The Global Islamic Economy – also referred to as the Halal lifestyle market
– has grown from a US$1.62 trillion consumer spending in 2012, to
US$2.29 trillion in 2022; across the food, pharmaceutical, cosmetics,
fashion, travel, and media/recreation sectors, all of whose core products are
impacted by Islamic faith-inspired ethical consumption needs.
• This figure represents a 9.5% year-on-year growth in Muslim spending from
US$2 trillion in 2021. While this represents the core Islamic economy
market, its appeal continues to grow as non-Muslim consumers align with
the underlying ethical economy values. Moreover, Islamic finance assets are
estimated to have reached US$3.96 trillion in 2021/2022, a rise of 17% from
US$3.37 trillion in 2020/2021. It has been driven by a young and fast-
growing global population that extends beyond the core 2 billion Muslim
consumers to include a wider global ethical consumer market.
5
 STATE OF THE GLOBAL ISLAMIC
ECONOMY (2)
• MNCs such as Nestle to Nike, also continue to invest and develop solutions
for the large and growing Islamic markets. The OIC (Organization of
Islamic Cooperation, which includes 57 member countries) ecosystem, from
the IsDB Group to the ICDT, is now also focusing on Islamic/Halal
economy opportunities as main priority.
• Food tech continues to be at the forefront of investment in the food sector,
with companies investing in areas such as cultivated meat production and
locally adapted high-performing hybrid seeds. Muslim spending on food
increased by 9.6% in 2022 reaching US$1.4 trillion, an increase from
US$1.28 trillion in 2021, and is forecasted to reach US$1.89 trillion by
2027, growing at a CAGR of 6.1%.

6
 STATE OF THE GLOBAL ISLAMIC
ECONOMY (3)
• Islamic finance-related transactions increased more than fivefold from
US$2.19 billion in 2021/22 to US$14.4 billion in 2022/23. The industry is
developing towards greater digitalization, sustainability, and financial
inclusion. The issuance of sustainable and green sukuk is expanding across
several countries, including Indonesia.
• Islamic finance assets were valued at US$3.96 trillion in 2022/2023, an
increase of 17% from the US$3.3 trillion valuation in the 2020/2021 period,
and are expected to reach US$5.94 trillion by 2025/2026 at a CAGR of 9%.
• The travel and tourism industry continued its recovery in the aftermath of
the pandemic; The use of travel technology such as facial recognition is
expanding. The value in 2022 reached US$133 billion, up 17% from
US$114 billion in 2021, and is forecasted to reach US$174 billion in 2027 at
a CAGR of 5.5% between 2022 and 2027.
7
 STATE OF THE GLOBAL ISLAMIC
ECONOMY (4)
• E-commerce continue to gain ground, with social media emerging as a
valuable marketing and sales tool for the fashion industry. Modest fashion
brands have appeared more at mainstream fashion events around the world.
Both modest and mainstream fashion companies are actively tapping into
the modest sportswear market opportunity. Muslim spending on fashion
reached US$318 billion in 2022, up by 8.4% from US$293 billion in 2021,
and is forecasted to reach US$428 billion by 2027, growing at a CAGR of
6.1%. Indonesia is the largest Muslim population country.
• Inflation continues to pose a challenge for the Halal pharmaceutical industry.
In the aftermath of the pandemic, Muslim spending on pharmaceuticals
reached US$108 billion in 2022, up by 7.8% from US$100 billion in 2021,
and is forecasted to reach US$142 billion in 2027 at a CAGR of 5.7%.

8
 STATE OF THE GLOBAL ISLAMIC
ECONOMY (5)
• The beauty industry is bouncing back in the aftermath of the pandemic,
more resilient and sustainable. Korea is actively working to establish a
global network to capture a larger share of the Halal cosmetics market, and
Indonesia remain the top largest cosmetics markets. Muslim consumer
spending on cosmetics reached US$84 billion in 2022, up by 14.3% from
US$74 billion in 2021, and is forecasted to reach US$129 billion by 2027 at
a CAGR of 8.9%.
• The media sector is attracting higher levels of investment and the total value
of deals related to media doubling from US$2.4 billion in 2021/22 to
US$4.98 billion in 2022/2023. Muslim spending on media and recreation
reached US$247 billion in 2022, up by 6.4% from US$233 billion in 2021,
and is forecasted to reach US$344 billion in 2027 at a CAGR of 6.8%.

9
10
ISLAMIC ECONOMY DRIVERS
The main drivers for the growth of the
Islamic economy on the demand side
include:
• A sizeable Muslim youth population
• The affluence of Muslim
consumers
• The centrality of Islamic values for
Muslim consumers
• The increase of digital connectivity
and e-commerce in Muslim-
majority countries
• The intersection of Islamic values
with sustainable and ethical
consumerism
11
 ISLAMIC ECONOMY GROWTH
• Muslim population will continue to grow at about twice the rate of the non-
Muslim population. It is forecasted to reach 2.8 billion by 2050, representing
30% of the world’s population. By 2030, nearly three in ten of the world’s
youth and young adults are projected to be Muslim. With Gen Z and
Millennials being the largest spenders. In the case of Indonesia population,
the Gen Z account of around 27.94% in 2020. It is estimated will continue to
rise by 2045
• E-commerce revenue in the GCC is projected to increase by 11% annually
between 2023 and 2027, reaching around US$50 billion annually by 2027.
The number of users in the GCC e-commerce market is estimated to reach
44.27 million by 2027, with around US$820 in average revenue per user.

12
 ISLAMIC ECONOMY GROWTH
• The Islamic economy is becoming a central focus for many countries,
global governments try to unify halal standards and accreditation
processes to reduce the certification requirements to be able to promote
halalcommerce on a global scale.
• The halal economy has been a multi-trillion-dollar global industry, and
it will benefit from the involvement of top global brands such as
Nestlé, Unilever, H&M, and more. As major players, they have
become part of the growing halal economy, providing various
innovative products and services to the Islamic economy sectors.
• The contribution of these global multinational brands emphasizes the
growing consumer demand for halal products. As the halal industry
continues to expand worldwide, more multinational players are being
drawn to the opportunity the Islamic economy offers.

13
SCORE OF TOP 15 RANKING COUNTRIES

14
 TERIMA KASIH

kemenkopmk.go.id
kemenkopmkri @kemenkopmk @kemenko_pmk kemenkopmk