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:	Conference or Workshop Item
Language:	English English English
Published:	2019
Subjects:	KBP Islamic Law
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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recordtype	eprints
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 Conference or Workshop Item 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)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English English
topic	KBP Islamic Law
spellingShingle	KBP Islamic Law Laluddin, Hayatullah Haneef, Sayed Sikandar Shah Md Saad, Norma Khalid, Haniza Revisiting Halal industry Its Scope, Challenges and Opportunities.
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
format	Conference or Workshop Item
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
title	Revisiting Halal industry Its Scope, Challenges and Opportunities.
title_short	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_sort	revisiting halal industry its scope, challenges and opportunities.
publishDate	2019
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
first_indexed	2023-09-18T21:46:59Z
last_indexed	2023-09-18T21:46:59Z
_version_	1777413515679629312

Revisiting Halal industry Its Scope, Challenges and Opportunities.

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