The scope, opportunities and challenges of halal industry : some reflections

The Halal industry has emerged as a new growth sector in the international economy, especially in developed countries. Asia, Middle East, Europe and the United States, as the major fast-growing economies of the world, present the most promising halal market. The growth of halal industry could be att...

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Main Authors:	Laluddin, Hayatullah, Haneef, Sayed Sikandar Shah, Md Saad, Norma, Khalid, Haniza
Format:	Article
Language:	English English
Published:	IIUM Press, International Islamic University Malaysia 2019
Subjects:	KBP Islamic Law
Online Access:	http://irep.iium.edu.my/77788/ http://irep.iium.edu.my/77788/ http://irep.iium.edu.my/77788/1/IJEMAPub.%202019.pdf http://irep.iium.edu.my/77788/7/77788_THE%20SCOPE%2C%20OPPORTUNITIES%20AND%20CHALLENGES_wos.pdf

id	iium-77788
recordtype	eprints
spelling	iium-777882020-03-05T02:21:23Z http://irep.iium.edu.my/77788/ The scope, opportunities and challenges of halal industry : some reflections Laluddin, Hayatullah Haneef, Sayed Sikandar Shah Md Saad, Norma Khalid, Haniza KBP Islamic Law The Halal industry has emerged as a new growth sector in the international economy, especially in developed countries. Asia, Middle East, Europe and the United States, as the major fast-growing economies of the world, present 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 global development of the halal industry. This article attempts to delineate the concept of halal in the context of its primary sources; the Qurʾān and Sunnah. It also explores the different segments of the halal industry and their prevalent challenges and opportunities. Some facts and figures are presented to highlight the expansion of the halal industry globally. A qualitative method using library research is used in this study. The data and information, collected from primary and secondary sources as well as online sources, are analyzed and conclusions are drawn. The research concludes that the halal industry provides a lucrative business opportunity for Muslims and non-Muslims alike. However, stringent measures are needed to maintain the authenticity of halal products and their compliance with the Shari’ah, hence, serving Muslims consumers` interests. IIUM Press, International Islamic University Malaysia 2019-12-31 Article PeerReviewed application/pdf en http://irep.iium.edu.my/77788/1/IJEMAPub.%202019.pdf application/pdf en http://irep.iium.edu.my/77788/7/77788_THE%20SCOPE%2C%20OPPORTUNITIES%20AND%20CHALLENGES_wos.pdf Laluddin, Hayatullah and Haneef, Sayed Sikandar Shah and Md Saad, Norma and Khalid, Haniza (2019) The scope, opportunities and challenges of halal industry : some reflections. International Journal of Economics, Management and Accounting, 27 (2). pp. 397-421. ISSN 1394-7680 E-ISSN 2462-1420 https://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/728/331
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	KBP Islamic Law
spellingShingle	KBP Islamic Law Laluddin, Hayatullah Haneef, Sayed Sikandar Shah Md Saad, Norma Khalid, Haniza The scope, opportunities and challenges of halal industry : some reflections
description	The Halal industry has emerged as a new growth sector in the international economy, especially in developed countries. Asia, Middle East, Europe and the United States, as the major fast-growing economies of the world, present 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 global development of the halal industry. This article attempts to delineate the concept of halal in the context of its primary sources; the Qurʾān and Sunnah. It also explores the different segments of the halal industry and their prevalent challenges and opportunities. Some facts and figures are presented to highlight the expansion of the halal industry globally. A qualitative method using library research is used in this study. The data and information, collected from primary and secondary sources as well as online sources, are analyzed and conclusions are drawn. The research concludes that the halal industry provides a lucrative business opportunity for Muslims and non-Muslims alike. However, stringent measures are needed to maintain the authenticity of halal products and their compliance with the Shari’ah, hence, serving Muslims consumers` interests.
format	Article
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	The scope, opportunities and challenges of halal industry : some reflections
title_short	The scope, opportunities and challenges of halal industry : some reflections
title_full	The scope, opportunities and challenges of halal industry : some reflections
title_fullStr	The scope, opportunities and challenges of halal industry : some reflections
title_full_unstemmed	The scope, opportunities and challenges of halal industry : some reflections
title_sort	scope, opportunities and challenges of halal industry : some reflections
publisher	IIUM Press, International Islamic University Malaysia
publishDate	2019
url	http://irep.iium.edu.my/77788/ http://irep.iium.edu.my/77788/ http://irep.iium.edu.my/77788/1/IJEMAPub.%202019.pdf http://irep.iium.edu.my/77788/7/77788_THE%20SCOPE%2C%20OPPORTUNITIES%20AND%20CHALLENGES_wos.pdf
first_indexed	2023-09-18T21:49:41Z
last_indexed	2023-09-18T21:49:41Z
_version_	1777413685398994944

The scope, opportunities and challenges of halal industry : some reflections

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