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HALAL - CHANGING THE WAY WE THINK
 
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Halal capital markets conference has been postoponed to October 2010.  THE EVENT WILL BE NOW CO SPONSORED BY SHARIA UMEX THE WORLD'S FIRST SHARIA COMPLAINT SECURITIES EXCHANGE
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What is Halal ?

When we talk of Halal we often think of  'Halal meat'.  Halal is synonymous to Organic and it covers a whole spectrum of the supply chain-  from farm to fork, health care and  lifestyle. It further is involves Travel and tourism ,the Hotel Industry and Halal Industrial parks.

  • Halal (halal) is an Arabic term meaning “permissible”

 

  • In the English language, it most frequently refers to food that is permissible according to Islamic law.

 

  • In the Arabic language, however the true meaning is it refers to anything that is permissible under Islam.

 

  • In non-Arabic-speaking countries, the terms is most commonly used in the narrower context of just Muslim dietary laws, especially were meat and poultry are concerned, however it also related to a  number of other consumer and industry related products e.g pharmaceuticals, life sciences and fertilsers etc.
 
Carla Power - Published 05 June 2008
 
Observations on the Muslim consumer Halal is big business: counting Islamic finance, as well as drugs and foodstuffs, it's worth an estimated $580bn (£295bn), and is dovetailing with contemporary consumer concerns from animal welfare to GM crops and fair trade. 
Halal - the latest financial buzz word
Abdalhamid Evans of Imarat Consultants notes “The Muslim market is waking up to the fact it has consumer power," says Evans "In the US for example, over eight million Muslims have disposable income which equates to billions of dollars. Likewise there is a huge demand in the Middle East and growing demand in Turkey and Europe. As the consumers become more aware of how valuable this is, they will become more vocal."
 
Halal Market is approx. US$ 580b and is expected to grow to US$ 1 trillion by 2010

Key factors of increasing demand of Halal products are :-

  • Increasing Muslim Population
  • Increasing income
  • Increasing demand for safe, high quality food
  • Increasing demand for greater variety
  • Incidents of food marketed as Halal but failing to meet Halal requirements has increased demand for genuine Halal products
  • Lastly but not least Halal is becoming rapidly a mainstream market product sold in most of our super markets.
 
For more information visit www.halalindustries.com