Islamic finance & halal food industry

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

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Islamic finance & halal food industry

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

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