DinarStandard said halal products attracted the lion’s share of investments, accounting for 54% of deal value, followed by Islamic finance at 42% and 4% in Islamic lifestyle, mainly in modest…
Today Muslim consumerism is valued at an astounding $2.1 trillion. And as the population skyrockets, this number can only be expected to grow.
While Islami Food is a leading halal industry in the UAE, Lootah expected an increase in the number of investors in the halal market.
The government expects the growth of Malaysia’s halal export to increase in line with the country’s total trade expansion which is projected at three per cent this year.
Increased investment in research and development (R&D), combined with targeting niche markets, are two cornerstones of a strategy being rolled out by Brunei Darussalam. R&D for new halal products.
Pakistan, with a huge Muslim population, stands a chance of becoming a global centre of excellence for halal business, if the government pays attention to this lucrative business sector.
There should be a dedicated syariah-governing department within all companies producing halal products and services, an Islamic scholar said at the recent World Halal Forum.
Malaysian entrepreneurs have to think out of the box to tap into the lucrative RM9 trillion-a-year halal products market. Halal Industry Development Corporation (HDC) vice-president Dr Malik Musharaf said Malaysia…
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