Cover Image

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...

Full description

Saved in:
Bibliographic Details
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/77788/1/IJEMAPub.%202019.pdf
http://irep.iium.edu.my/77788/7/77788_THE%20SCOPE%2C%20OPPORTUNITIES%20AND%20CHALLENGES_wos.pdf
http://irep.iium.edu.my/77788/
https://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/728/331
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.iium.irep.77788
record_format dspace
spelling my.iium.irep.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
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
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/77788/1/IJEMAPub.%202019.pdf
http://irep.iium.edu.my/77788/7/77788_THE%20SCOPE%2C%20OPPORTUNITIES%20AND%20CHALLENGES_wos.pdf
http://irep.iium.edu.my/77788/
https://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/728/331
_version_ 1662753790797807616
score 13.211869

Similar Items