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    Understanding Halal Market
    Understanding Halal Market
    Understanding Halal Market
    Ebook64 pages44 minutes

    Understanding Halal Market

    By Hussein Elasrag

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    About this ebook

    The global halal market has emerged as a new growth sector in the global economy and is creating a strong presence in developed countries. The halal industry has now expanded well beyond the food sector further widening the economic potentials for halal. This book explores the concept of Halal industry along with the components which constitute the industry. It provides worldwide examples of some of the current best practices. The opportunities and challenges in developing and Halal industry are also discussed.
     

    LanguageEnglish
    PublisherHussein Elasrag
    Release dateNov 7, 2024
    ISBN9785766573067
    Understanding Halal Market

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      Book preview

      Understanding Halal Market - Hussein Elasrag

      Understanding Halal Market

      Hussein Elasrag

      Contents

      Introduction

      The Halal Economy and The Market Opportunity

      Segments of the Halal Market

      Food

      Pharmaceutical and health products

      Cosmetics

      Tourism and Travel

      The Challenges of Developing the Halal Industry

      Opportunities

      Problems

      Challenges

      References:

      ©2018 Hussein Elasrag

      The global halal market has emerged as a new growth sector in the global economy and is creating a strong presence in developed countries. The halal industry has now expanded well beyond the food sector further widening the economic potentials for halal. This book explores the concept of Halal industry along with the components which constitute the industry. It provides worldwide examples of some of the current best practices. The opportunities and challenges in developing and Halal industry are also discussed.

      Introduction

      It must first be stated that the Islamic dietary and consumption system is different and unique compared to other ethnic dietary systems. The world community has now begun to understand the importance of the Muslims requirement for food and other consumption known as halal. The market for certified halal food and products is growing robustly, both domestically and internationally. Although the term halal has never attracted as much attention as in recent times, today, wherever there are Muslim consumers whose tastes and preferences are governed by halal rules on food specification, a halal food market exists. Every Muslim must ensure that what they eat comes from a

      halal source. This does not mean only to check the ingredients per se, but also to ensure that the whole process is in accordance with Shariah principles.(Zakaria 2008)

      Halal is an Arabic word meaning lawful and permitted. This Halal concept comes from the Holy Quran which it uses to describe objects and actions. Islam is a natural way of life and encompasses the concept of an economic system based on human cooperation and brotherhood, which is based on the consultation and dietary laws for all humanity. Halal consists of anything that is free from any component that Muslims are prohibited from consuming. This can be classified as pork free in its physical existence, including food substances such as gelatin, enzymes, lecithin and glycerin as well additives such as flavorings and coloring.(Zakaria 2008, Hj Hassan 2013)

      Halal is a Quranic term that means permitted, allowed, lawful or legal. Its opposite is haram (forbidden, unlawful or illegal). According to Shari’ah, all issues concerning Halal or Haram and even all disputes should be referred to Quran and Sunnah. Halal and Haram are universal terms that apply to all aspects of human life whether is related to his ibadat or muamalat or mua’sharah. Halal may be defined as an act, object or conduct over which the individual has freedom of choice and its exercise does not carry either a reward or a punishment. Halal may have been identified by explicit evidence in the Shari’ah or by reference to the presumption of permissibility (ibahah). At the global level, the Food and Agriculture Organization of the United Nations has prepared general guidelines for use of the term halal to be adopted by member countries. (Ager, Abdullah et al.)

      Basic principles for Halal products are:(Malboobi and Malboobi 2012)

      Being Halal or Haram products is the function of being lawful or unlawful with respect to Divine orders.

      Assigning Halal or Haram depends on being beneficial or harmful, respectively.

      In the context of the above concepts, assigned orders in Shariah are both fixed and variable rules based on the state of subjects on specific times and places.

      Orders in Shariah are ranked based on the degree of being beneficial or harmful while the best choice is preferred whenever it is necessary.

      Some controls and governing regulations such as La dirar (no harm to human), Haraj (the existence of serious threat and/or constraints),

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