Challenges and opportunities in Halal Industry
The global halal market has emerged and now occupies a distinct position within the Islamic economy, with strong indicators of the maturity and expansion of the system. The share of investments in Halal products has increased significantly over the past years. However, despite the increased numbers of initiatives addressing Halal sector, there is still an urgent need to seek some solutions and provide opportunities that meet the growing requirements of this sector and ensure the continuation of its growth at the same pace. This effectively enhances the confidence in the credibility of the certificates granted by the halal certifiers, and ensure the transparency and efficiency of its procedures.
The absence of a solid Halal conformity and quality infrastructure that support and facilitate global Halal trade, including globally accepted halal standards, and achieve greater harmonization in conformity assessment and accreditation practices, are the most important challenge faced by this sector in light of the increasing demand for government support in various countries to encourage investment and trade plans.
The absence of any viable international schemes to accredit Halal certification bodies (HCBs) has long been a problem for the Halal industry.
Halal food and other halal products have the opportunity to be the global standard for safe, wholesome, humane friendly products if producers fully adhered to the concept of Halal and Sharia compliance.
Delivering realistic solutions to the challenges facing the Halal industry, and accelerating their growth dramatically over the past years, provides excellent growth opportunities for this sector, and open doors at both national and international levels as goods and services can cross borders easily and meet global demand without extra unnecessary cost of retesting, recertification.