A global halal standard needs to be set to move the halal industry forward.
BRAZIL is among the perennial favourites to win the FIFA World Cup this year. The country has given the world beautiful samba football, but not many people realise it is also the largest exporter of halal meat in the world (as it contributes 55%) and a key player in the halal trade industry.
There are 1.8 billion Muslims globally, constituting about 20% of the world population.
The entire halal industry is estimated to be worth US$2.3tril (RM7.4tril) and includes food and beverage, pharmaceuticals, cosmetics and personal care, excluding banking.
Seeking accord: Different halal standards currently exist in the world and there are different interpretations on major issues, which inhibit trade. The halal food industry alone was estimated at US$635bil (RM2.03tril) last year and is expected to reach US$662bil (RM2.1tril) this year.
There are 1.8 billion Muslims globally, constituting about 20% of the world population.
The entire halal industry is estimated to be worth US$2.3tril (RM7.4tril) and includes food and beverage, pharmaceuticals, cosmetics and personal care, excluding banking.
Seeking accord: Different halal standards currently exist in the world and there are different interpretations on major issues, which inhibit trade.
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