Revisiting Halal industry Its Scope, Challenges and Opportunities.

Halal industry has emerged as a new growth sector in international economy with fast pace of spreading especially in developed countries. Asia, Middle East Europe and especially the United States which as the major fast-growing economies of the world presents the most promising halal market. The gro...

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Main Authors: Laluddin, Hayatullah, Haneef, Sayed Sikandar Shah, Md Saad, Norma, Khalid, Haniza
Format: Proceeding Paper
Language:English
English
English
Published: 2019
Subjects:
Online Access:http://irep.iium.edu.my/75626/
http://irep.iium.edu.my/75626/2/Conference%20USIM%20Cert..pdf
http://irep.iium.edu.my/75626/7/Power%20point%20prstn%20Revisiting%20Halal%20Industry%20its%20Scope%2C%20Challenges%20and.pdf
http://irep.iium.edu.my/75626/8/Irep%20scanned%20evidences%20-%20Copy.pdf
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author Laluddin, Hayatullah
Haneef, Sayed Sikandar Shah
Md Saad, Norma
Khalid, Haniza
author_facet Laluddin, Hayatullah
Haneef, Sayed Sikandar Shah
Md Saad, Norma
Khalid, Haniza
author_sort Laluddin, Hayatullah
building IIUM Repository
collection Online Access
description Halal industry has emerged as a new growth sector in international economy with fast pace of spreading especially in developed countries. Asia, Middle East Europe and especially the United States which as the major fast-growing economies of the world presents the most promising halal market. The growth of halal industry could be attributed to recognition of halal products as an alternative benchmark for quality assurance, hygiene and safety. This has triggered an increasing acceptance of halal products by non-Muslim consumers. The growing number of the Muslim population and their increased awareness about the significance of consuming halal food products and services, is another factor that has led to the development of halal industry as a global market. The vast growth of the halal industry is indicative of its broad scope, therefore, this article attempts to delineate the concept of halal in the context of its primary sources; Qur’an and Sunnah. It also explores the different segments of the halal industry and their prevalent challenges and opportunities. Some figures and facts are presented to highlight the expansion of the halal industry globally. Qualitative method using Library research is used in this study. The data and information collected from primary and secondary source as well as online sources are analyzed and conclusions drawn based on the available sources. The research concludes that halal industry provides a lucrative business opportunity for Muslims and non-Muslims alike. In view of the broad scope of the halal industry and the active participation of both Muslims and non-Muslims in it, stringent measures are needed to maintain the authenticity of halal products and their compliance with the principles of Shari’ah, hence, serving Muslims consumers` interest
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institution International Islamic University Malaysia
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language English
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spelling iium-756262019-11-07T07:45:33Z http://irep.iium.edu.my/75626/ Revisiting Halal industry Its Scope, Challenges and Opportunities. Laluddin, Hayatullah Haneef, Sayed Sikandar Shah Md Saad, Norma Khalid, Haniza KBP Islamic Law Halal industry has emerged as a new growth sector in international economy with fast pace of spreading especially in developed countries. Asia, Middle East Europe and especially the United States which as the major fast-growing economies of the world presents the most promising halal market. The growth of halal industry could be attributed to recognition of halal products as an alternative benchmark for quality assurance, hygiene and safety. This has triggered an increasing acceptance of halal products by non-Muslim consumers. The growing number of the Muslim population and their increased awareness about the significance of consuming halal food products and services, is another factor that has led to the development of halal industry as a global market. The vast growth of the halal industry is indicative of its broad scope, therefore, this article attempts to delineate the concept of halal in the context of its primary sources; Qur’an and Sunnah. It also explores the different segments of the halal industry and their prevalent challenges and opportunities. Some figures and facts are presented to highlight the expansion of the halal industry globally. Qualitative method using Library research is used in this study. The data and information collected from primary and secondary source as well as online sources are analyzed and conclusions drawn based on the available sources. The research concludes that halal industry provides a lucrative business opportunity for Muslims and non-Muslims alike. In view of the broad scope of the halal industry and the active participation of both Muslims and non-Muslims in it, stringent measures are needed to maintain the authenticity of halal products and their compliance with the principles of Shari’ah, hence, serving Muslims consumers` interest 2019-10-23 Proceeding Paper NonPeerReviewed application/pdf en http://irep.iium.edu.my/75626/2/Conference%20USIM%20Cert..pdf application/pdf en http://irep.iium.edu.my/75626/7/Power%20point%20prstn%20Revisiting%20Halal%20Industry%20its%20Scope%2C%20Challenges%20and.pdf application/pdf en http://irep.iium.edu.my/75626/8/Irep%20scanned%20evidences%20-%20Copy.pdf Laluddin, Hayatullah and Haneef, Sayed Sikandar Shah and Md Saad, Norma and Khalid, Haniza (2019) Revisiting Halal industry Its Scope, Challenges and Opportunities. In: Sustainable Social and Economic WEll-Being, 23/10/2019, Movenpick Hotel and Convention Centre KLIA. (Unpublished)
spellingShingle KBP Islamic Law
Laluddin, Hayatullah
Haneef, Sayed Sikandar Shah
Md Saad, Norma
Khalid, Haniza
Revisiting Halal industry Its Scope, Challenges and Opportunities.
title Revisiting Halal industry Its Scope, Challenges and Opportunities.
title_full Revisiting Halal industry Its Scope, Challenges and Opportunities.
title_fullStr Revisiting Halal industry Its Scope, Challenges and Opportunities.
title_full_unstemmed Revisiting Halal industry Its Scope, Challenges and Opportunities.
title_short Revisiting Halal industry Its Scope, Challenges and Opportunities.
title_sort revisiting halal industry its scope, challenges and opportunities.
topic KBP Islamic Law
url http://irep.iium.edu.my/75626/
http://irep.iium.edu.my/75626/2/Conference%20USIM%20Cert..pdf
http://irep.iium.edu.my/75626/7/Power%20point%20prstn%20Revisiting%20Halal%20Industry%20its%20Scope%2C%20Challenges%20and.pdf
http://irep.iium.edu.my/75626/8/Irep%20scanned%20evidences%20-%20Copy.pdf