Webinar Halal Industry

Wednesday (26/08/2020), Indonesia Halal Lifestyle Center in Collaboration with The Central Bank of Indonesia conducting our First International Webinar on Halal Lifestyle. The webinar has been going on from 2 pm until 4 pm Jakarta Time.

Line up Speakers :

1. Prijono, Head of Development Group, Sharia Economic and Finance Department, Central Bank of Indonesia

2. Dr. Hamid Slimi, Conference Advisory & Chairman of Halal Expo Canada

3. Iman Ali Liaqat, Research Analyst, DinarStandard, Dubai

4. Rachmat Hidayat, Vice Chairman for Public Policy of The Indonesian Food & Beverage Association

5. Amalia Sarah, VP Marketing Investment and Digital Transformation Paragon Technology and Innovation - Wardah Cosmetics

Moderator: dr. Twinda Rarasati, TV Presenter / News Anchor

The event was conducted mostly in English, and Bahasa Indonesia. Wrapped up or summary was given by the Vice Chairwoman of Indonesia Halal Lifestyle Center Mrs. Jetti R. Hadi

Mr. Prijono from the Central Bank of Indonesia gave an opening remarks to open the webinar.

Summary of Insights from Our Webinar by Mrs. Jetti R. Hadi

The followings is a summary of keypoints from our speakers and the Q & A session. In general, all speakers gave positive signals for the global halal economic return after the Covid-19 pandemic. Furthermore, the individual speakers also sharply presented the real-time observation, in which, some key sectors of the world Halal economy are even booming.

Key points from Mr. Prijono, Sharia Economic & Finance Department, Central Bank of Indonesia

Prospect of the world halal consumption: USD 3.2T in 2024
Three main pillars of the world Halal economy:
- Syari'ah economy empowerment
- Syari'ah market deepening
- Strengthening Halal economy Research, Training & Education
ISEF is a form of synergy with the global events in the Halal Economy, that is, the 2121 Halal Industry Summit Series

2. Key points from DR. Hamid Slimi, Halal Expo Canada

A brief summary of the Halal economy in Canada, a country with 1.2 million Muslim population
The Halal economy is experiencing a setback. However, this is not due to a decline in the interest on Halal product, but it is proportional to the global economic slow down because of the COVID-19.
This pandemic is sending us back, but we will move and accelerate once the new normal is coming.

3. Key points from Iman Ali Liaqat, Research Analyst of DinarStandard

Out of the seven sectors of the Islamic Economy, two sectors hit the most: Islamic Finance Sector and the Halal Travel Sector
Four of five food, pharma and cosmetics importing countries are also those the most impacted by COVID-19
The best prospect for the new normal: Halal food, Media and Recreation, and Islamic Finance. The growth in these sectors will accelerate
Ms. Iman invited us to check out the Dinar Standard website, for "Signals of a Post-COVID 19 'New Normal' Next steps to withstand crisis: Return, Reform, Reinvent across the Halal economy's value chain

4. Key points from Ms. Amalia Sarah, PARAGON

Paragon product lines focus on innovation and creativity
Four CSR pillars of Paragon: Education, Health, Women Empowerment and Environment
Paragon develops five strategies in response to the current pandemic:
- Initiate donation and encourage our consumers to become goodwill motivators
- Provide education for the general public and consumers
- Accelerate digital transformation
- Launch hygiene and health products
- Optimise consumer experience for our brands offline channel

5. Key Point from Rachmat Hidayat, Indonesia Food & Beverage Association (GAPMMI)

Currently, household consumption drops to 5.51%
Indonesia's population will reach 319 million by 2045 with a substantial increase in our GDP per capita figure
Food will contribute close to 50% of expenditure per capita
We need four types of shifts: Shift in sales channels, shift in the mindset of income earning and spending, shift in the mindset about food safety (the Thoyyib dimension of the Halal economy), and shift in brand loyalty, stressing on safety

Highlights from the Q and A Session

Indonesia could play a big role in the new normal for the global Halal economy, for its good quality products and its low production cost
Possibility for collaboration between Indonesia and Canada related to Halal industry
Cooperation can be based on identifying the resources of each country and sign treaties between them, such as IT, scientific research, tehnology, food products. Indonesia also possess many opportunities such as low cost manufacturing, tourism, raw food products, as well as a logistical hub for the halal product supply chain

First Session of the webinar, Dr. Hamid Slimi from Halal Expo Canada and Ms Iman Ali Liaqat, Research Analyst from DinarStandard