Mapping the Potential and Challenges of Islamic Economics in Riau Province: A Comparative Study of Districts/Cities Based on the Islamic Economic Index
DOI:
https://doi.org/10.67467/jeeb.v1i3.159Keywords:
Islamic economics, Islamic economic index, Riau Province, halal industry, Islamic financial literacyAbstract
Islamic economics has become one of the strategic pillars of regional economic development in Indonesia, including in Riau Province, which holds substantial potential that has not yet been systematically mapped at the district/city level. This study aims to map the potential and challenges of Islamic economic development in Riau Province through a comparative approach across regions based on Islamic Economic Index indicators. The research employs a library research design with a systematic literature review approach and descriptive-qualitative analysis. Data sources consist of official publications from authoritative institutions (BPS Riau Province, Bank Indonesia, KNEKS, OJK, and the Riau Provincial Government) as well as academic literature collected through documentary study techniques and analyzed using content analysis and descriptive-comparative analysis. The results show that Riau holds an institutional advantage as the first province to simultaneously have a Governor Regulation on Islamic Economics, a Regional Committee for Islamic Economy and Finance (KDEKS), and a fully sharia-based regional development bank. The halal industry sector has grown significantly, with halal-certified businesses increasing from 16,050 to 35,432 between 2023 and 2026, accompanied by halal export values reaching US$10.43 billion. Riau's financial literacy and inclusion indices were recorded as the highest nationally, although Islamic financial literacy specifically still lags behind. The study also found variation in potential across districts/cities, indicating the need for differentiated policy approaches to Islamic economic development. This research contributes theoretically by enriching subnational Islamic economic mapping studies and practically by serving as a reference for local governments and KDEKS in formulating more contextual and data-driven policies for Islamic economic development in Riau Province.
Downloads
References
Ali, M. M., Sakti, M. R. P., & Devi, A. (2019). Developing an Islamic financial inclusion index for Islamic banks in Indonesia: A cross-province analysis. Journal of Islamic Monetary Economics and Finance, 5(4), 691–712. https://doi.org/10.21098/jimf.v5i4.1098
Chapra, M. U. (2000). The future of economics: An Islamic perspective. The Islamic Foundation.
Creswell, J. W., & Creswell, J. D. (2018). Research design: Qualitative, quantitative, and mixed methods approaches (5th ed.). SAGE Publications.
DinarStandard. (2025). State of the Global Islamic Economy Report 2024/25. https://www.dinarstandard.com/post/sgier-2024-25
Ikatan Ahli Ekonomi Islam Indonesia [IAEI]. (2025a, July). Indonesia holds third place in SGIE rankings, eyes global Islamic economic leadership. https://iaei.or.id/en/news-and-articles/articles/indonesia-maintains-third-place-in-sgie-2024-2025
Ikatan Ahli Ekonomi Islam Indonesia [IAEI]. (2025b, July). Indonesia ranks 3rd in the world Islamic economy: Insight SGIE Report 2024/2025. https://iaei.or.id/en/news-and-articles/news/indonesia-ranks-3rd-in-the-world-islamic-economy-insight-sgie-report-20242025
Komite Nasional Ekonomi dan Keuangan Syariah [KNEKS]. (2019). Indonesia Islamic economic masterplan 2019–2024.
Komite Nasional Ekonomi dan Keuangan Syariah [KNEKS]. (2022a). Pembentukan Komite Daerah Ekonomi dan Keuangan Syariah (KDEKS) [Establishment of Regional Committees for Islamic Economy and Finance]. https://kneks.go.id/isu-terkini/MzY=/pembentukan-komite-daerah-ekonomi-dan-keuangan-syariah-kdeks
Komite Nasional Ekonomi dan Keuangan Syariah [KNEKS]. (2022b, August 25). Peresmian BRK Syariah sekaligus pelantikan KDEKS Provinsi Riau [Inauguration of BRK Syariah and installation of KDEKS Riau Province]. https://kneks.go.id/berita/479/peresmian-brk-syariah-sekaligus-pelantikan-kdeks-provinsi-riau?category=3
Komite Nasional Ekonomi dan Keuangan Syariah [KNEKS]. (2024, October 4). Pleno KNEKS 2024: Ekonomi syariah kekuatan baru menuju Indonesia Emas 2045 [Plenary session of KNEKS 2024: Islamic economy as a new strength toward Golden Indonesia 2045]. https://kneks.go.id/berita/662/pleno-kneks-2024-ekonomi-syariah-kekuatan-baru-menuju-indonesia-emas-2045?category=3
Krippendorff, K. (2018). Content analysis: An introduction to its methodology (4th ed.). SAGE Publications.
Krugman, P. (1991). Geography and trade. MIT Press.
Miles, M. B., Huberman, A. M., & Saldaña, J. (2014). Qualitative data analysis: A methods sourcebook (3rd ed.). SAGE Publications.
North, D. C. (1990). Institutions, institutional change and economic performance. Cambridge University Press.
Sholihin, M. (2020). Ekonomi Indonesia, Islamikah? Economic Islamicity Index (EI2) Indonesia dalam perspektif maqashid syariah [Is Indonesia's economy Islamic? Economic Islamicity Index (EI2) from a maqasid syariah perspective]. An-Nisbah: Jurnal Ekonomi Syariah, 7(2), 325–365. https://doi.org/10.21274/an.v7i02.3179
Snyder, H. (2019). Literature review as a research methodology: An overview and guidelines. Journal of Business Research, 104, 333–339. https://doi.org/10.1016/j.jbusres.2019.07.039
Sugiyono. (2019). Metode penelitian kuantitatif, kualitatif, dan R&D [Quantitative, qualitative, and R&D research methods] (2nd ed.). Alfabeta.
Tranfield, D., Denyer, D., & Smart, P. (2003). Towards a methodology for developing evidence-informed management knowledge by means of systematic review. British Journal of Management, 14(3), 207–222. https://doi.org/10.1111/1467-8551.00375
Umar, A. I. (2017). Index of Syariah financial inclusion in Indonesia. Buletin Ekonomi Moneter dan Perbankan, 20(1), 99–126.
Riau Provincial Government. (2022, June 8). Riau miliki Pergub ekonomi syariah dan bentuk KDEKS [Riau has a sharia economy governor regulation and establishes KDEKS]. https://www.riau.go.id/home/content/2022/06/08/11341-riau-miliki-pergub-ekonomi-syariah-dan-bentuk
Riau Provincial PPID. (2022, June 8). Riau akan jadi provinsi pertama yang miliki 2 Pergub syariah [Riau to become the first province with two sharia governor regulations]. https://ppid.riau.go.id/berita/2890/riau-akan-jadi-provinsi-pertama-yang-miliki-2-pergub-syariah?page=2
Media Center Riau. (2023, October 18). Indeks literasi keuangan di Riau tertinggi di Indonesia [Financial literacy index in Riau is the highest in Indonesia]. Riau Provincial Government. https://mediacenter.riau.go.id/read/81606/indeks-literasi-keuangan-di-riau-tertinggi-di.html
Riau Provincial PPID. (2023, December 21). 16.050 UMKM di Riau naik kelas bersertifikat halal [16,050 MSMEs in Riau upgraded with halal certification]. https://ppid.riau.go.id/berita/12497/16-050-umkm-di-riau-naik-kelas--bersertifikat-halal
Bisnis.com. (2024, October 27). Jelajah EKSyar: Riau Sharia Week 2024, dorong pertumbuhan ekonomi syariah dan UMKM halal [Exploring EKSyar: Riau Sharia Week 2024 boosts Islamic economic growth and halal MSMEs]. https://sumatra.bisnis.com/read/20241027/534/1810870/jelajah-eksyar-riau-sharia-week-2024-dorong-pertumbuhan-ekonomi-syariah-dan-umkm-halal
BPS Riau Province. (2025, February 5). Pertumbuhan ekonomi Riau triwulan IV-2024 [Riau's economic growth in Q4-2024]. https://riau.bps.go.id/en/pressrelease/2025/02/05/1026/pertumbuhan-ekonomi-riau-triwulan-iv-2024.html
Potretnews.com. (2026, May 12). Pemprov Riau tegaskan komitmen perkuat pengembangan ekonomi syariah [Riau provincial government affirms commitment to strengthen Islamic economic development]. https://www.potretnews.com/berita/baca/2026/05/12/bpemprov-riau-tegaskan-komitmen-perkuat-pengembangan-ekonomi-syariahb
ZonaHalal.ID. (2026, May 12). Catat! Riau pertumbuhan positif ekonomi syariah dan industri halal [Note this! Riau shows positive growth in Islamic economy and halal industry]. https://www.zonahalal.id/2026/05/catat-riau-pertu
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Sabarno Dwirianto, Martin, Musnawati, Roza Linda, Rendika Adisman (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
