Halal Industry Key Challenges And Opportunities

The global halal market has emerged as a new growth sector in the global economy and is creating a strong presence in developed countries. The most promising halal markets are the fast-growing economies of the Asia, Middle East, Europe and the Americas. With a growing consumer base, and increasing growth in many parts of the world, the industry is set to become a competitive force in world international trade. The halal industry has now expanded well beyond the food sector further widening the economic potentials for halal. This book will help to deepen understanding of the concept of Halal so as to familiarize non-Muslims about Halal principles and products.

The global halal market has emerged as a new growth sector in the global economy and is creating a strong presence in developed countries. The most promising halal markets are the fast-growing economies of the Asia, Middle East, Europe and the Americas. With a growing consumer base, and increasing growth in many parts of the world, the industry is set to become a competitive force in world international trade. The halal industry has now expanded well beyond the food sector further widening the economic potentials for halal. This book will help to deepen understanding of the concept of Halal so as to familiarize non-Muslims about Halal principles and products.

The Islamic Halal Industry is at the cusp of major growth and widespread recognition, having gained traction as Muslims assert their religiosity and traditional values. Muslims spent $2.02 trillion in 2019 across the food, pharmaceutical, cosmetics, fashion, travel and media/recreation sectors, all of which are impacted by Islamic faith-inspired ethical consumption needs.. This book provides a deep understanding of challenges and opportunities of the halal market economy .

The global halal market has emerged as a new growth sector in the global economy and is creating a strong presence in developed countries. The halal industry has now expanded well beyond the food sector further widening the economic potentials for halal. This book will help to deepen understanding of the concept of Halal to familiarize non-Muslims about Halal principles and products. The book also explores the concept of Halal industry along with the components which constitute the industry. It provides worldwide examples of some of the current best practices. The opportunities and challenges in developing and Halal industry are also discussed.

The global halal market has emerged as a new growth sector in the global economy and is creating a strong presence in developed countries. The halal industry has now expanded well beyond the food sector further widening the economic potentials for halal. This paper will help to deepen understanding of the concept of Halal principles and products.

The global halal market has emerged as a new growth sector in the global economy and is creating a strong presence in developed countries. The halal industry has now expanded well beyond the food sector further widening the economic potentials for halal. This book aims to provide an introduction to applying Blockchain for halal supply chains and outline some potential areas for consideration for the all sectors of the halal industry. The book will help to deepen understanding of the concepts of Blockchain technology and halal industry and explores the concept of Halal industry along with the components which constitute the industry. The book Provides and discusses existing halal supply chains usage of Blockchains... The opportunities and challenges in developing and Halal industry are also discussed...

The word ‘Halal’ translates to ‘permissible’ in English, though it encapsulates a broader meaning that goes beyond permissibility and impermissibility. Halal incorporates hygiene, cleanliness, legality, compliance, ethics as well as cultural aspects. This book provides a holistic overview of the relevant concepts but also covers Shariah, commercial, regulatory and technological aspects of the global Halal industry. It is not confined to a specific region, country or sector, rather it gives a comprehensive summary of the developments and growth across all sectors of the Halal industry, at the regional but also the global level. It is a well-researched and accessible volume which sets out to demystify some of the more challenging areas and offers an in-depth synopsis of each of the research questions it answers. The book also contributes a series of chapters with specialized treatment. It explores the key Shariah issues and guiding principles of Islamic law, technical know-how within various sectors such as Halal food, tourism, cosmetics, pharma, logistics, supply chain, media & fashion and offers a discussion on Artificial intelligence, quantum technology, and blockchain in different sectors of the Halal industry. Moreover, this work proposes viable solutions to the challenges faced by the industry such as the harmonization of Halal standards. Beneficial to audiences of all levels from beginners to advanced, it will be a handy reference for researchers and advanced students studying Islamic business and economics, Halal management, nutritional sciences, tourism, media, fashion and pharmaceuticals. It will also be of benefit to practitioners, policymakers and legal and standard-setting bodies.

The importance of this book comes from the importance of using halal and its effects on the material and spiritual life of the believers and its jurisprudential and religious dimensions on the one hand and the necessity to take advantage of new studies and modern technology in the production and monitoring of halal products on the other hand, as well as the development of exports and imports of various products labeled halal in the area of international trade and economics, and also international significant turnover in this field. This book provides a deep understanding of the Halal industry and brings you the latest developments and trends from this economy while also highlighting the future direction of this industry.