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Islamic finance & halal food industry

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Presentation on Halal Certification and Halal Food,Halal Research Council …

Presentation on Halal Certification and Halal Food,Halal Research Council
www.halalrc.org

Published in: Business, Technology

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  • 1. HALAL INDUSTRY RESEARCH CENTRE Revolutionizing the Industry in a Shariah Compliant way ! ISLAMIC FINANCE & HALAL FOOD INDUSTRY HALAL RESEARCH COUNCIL www.halalrc.org
  • 2. WHAT IS HALAL INDUSTRY ?
    • HALAL IS EVERYTHING WHICH HAS BEEN ALLOWED BY ALLAH AND HIS PROPHET (PBUH)
    • CLUSTER OF COMPANIES & ORGANIZATIONS PRODUCING/SUPPLYING/GOVERNING PRODUCTS AND SERVICES WHICH ARE COMPLIANT TO ISLAMIC SHARIAH LAWS
    • CURRENTLY THE GLOBAL HALAL INDUSTRY IS VALUED AT OVER THREE (3) TRILLION DOLLARS
    • HALAL INDUSTRY IS NOT RESTRICTED TO MEAT/CHICKEN BUT COVERS EVERY ASPECT OF INDUSTRIAL TRADE AND SERVICES
    • HALAL PRODUCTS AND SERVICES ARE NOT JUST FOR MUSLIMS BUT CAN BE CONSUMED/USED BY EVERYONE
  • 3. WHY HALAL PRODUCTS/SERVICES ?
    • THE CORE RELIGIOUS TEACHINGS OF EARN HALAL, EAT HALAL, LIVE HALAL
    • AS MUSLIMS WE ARE ALLOWED ONLY TO TRADE IN HALAL PRODUCTS/SERVICES
    • MUSLIMS IN NON-MUSLIM COUNTRIES REQUIRE AUTHENTIC HALAL PRODUCTS/SERVICES
    • HALAL PRODUCTS AND SERVICES ARE A QUALITY MARK
  • 4. HALAL INDUSTRY
    • GLOBAL ISLAMIC FINANCE INDUSTRY IS CURRENTLY VALUED OVER $1 TRILLION
    • GLOBAL HALAL FOOD INDUSTRY IS CURRENTLY VALUED OVER $500 BILLION
    • MAJOR ISLAMIC HUBS: MALAYSIA, UK, EUROPE, MIDDLE EAST
    • MAJOR HALAL FOOD SUPPLIERS: MALAYSIA & FAR EAST, SOUTH AMERICA, OCEANIA
    • MAJOR HALAL FOOD BUYERS: MIDDLE EAST, FAR EAST, AFRICA, EUROPE, AMERICAS
    • WHERE IS PAKISTAN ?
  • 5. DEVELOPMENT IN ISLAMIC FINANCE
    • CENTRAL REGULATOR – STATE BANK OF PAKISTAN
      • ACTIVE PARTICIPATION
      • DEVELOPED CENTRAL BODY AND IMPLEMENTED HARMONIZED STANDARDS
      • LEADERSHIP AND OWNERSHIP
    • SHARIAH EXPERTISE – EXTENSIVE CAPACITY BUILDING ON ALL LEVELS
      • BANKING TO SHARIAH SCHOLARS
      • SHARIAH TO BANKING EXPERTS
      • DAR-UL-IFTAS TO STATE BANK – COVERED ALL THE STAKEHOLDERS
    • SERVICE PROVIDERS – SPECIALIZED PROVIDERS SUPPORTED THE INDUSTRY
      • PRODUCT DEVELOPMENT AND CONSULTANTS
      • TRAINING PROVIDERS
      • RESEARCH AND PUBLICATIONS
    • TOTAL COMMITMENT – A KEY TO SUCCESS FOR ISLAMIC FINANCE
  • 6. WHAT SHOULD WE LEARN FROM ISLAMIC FINANCE INDUSTRY ?
    • A CENTRAL REGULATORY BODY IS REQUIRED
      • ACTIVE PARTICIPATION AND OWNERSHIP
      • TO IMPLEMENT LAW AND MONITOR
      • TO SUPPORT THE INDUSTRY PARTICIPANTS
    • SHARIAH EXPERTISE – EXTENSIVE CAPACITY BUILDING ON ALL LEVELS
      • MODERN FOOD PRACTISES AND CONFLICTS WITH SHARIAH
      • SHARIAH PRINCIPLES TO INDUSTRY PARTICIPANTS
      • AWARENESS IN CONSUMERS
    • SERVICE PROVIDERS – SPECIALIZED PROVIDERS TO SUPPORT THE INDUSTRY
      • INDUSTRIAL CONSULTANTS INCLUDING CERTIFICATION BODIES
      • TRAINING PROVIDERS
      • RESEARCH AND PUBLICATIONS
    • TOTAL COMMITMENT – A KEY TO SUCCESS FOR HALAL FOOD INDUSTRY
  • 7. HOW CAN ISLAMIC FINANCE & HALAL FOOD SUPPORT EACH OTHER ?
    • EXPORT GROWTH
      • SAME PRODUCTS, NEW MARKETS, NEW STRATEGIES
      • ISLAMIC EXPORT FINANCE SCHEMES TO FOSTER GROWTH
    • OPPORTUNITY TO FINANCE
      • NEW FINANCING PROJECTS
      • NEW SUKUK ISSUES CREATING LIQUIDITY
      • MICROFINANCE AND SME FINANCING OPPORTUNITIES
    • NEW INVESTMENTS IN SECTOR
      • RESEARCH PROJECTS
      • INDUSTRIAL PARKS AND ESTATES
      • NEW PRODUCT DEVELOPMENT
    • GOLDEN OPPORTUNITY TO RENEW THE BUSINESS CYCLE
  • 8. FUTURE IS HALAL INDUSTRY
    • ISLAMIC FINANCE AND HALAL FOODS ARE TWO DIFFERENT ASPECTS OF
    • THE SAME PHENOMENON