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Jakarta Post

Harmonizing halal standards

  • Irwandi Jaswir

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PREMIUM
Kuala Lumpur   /   Fri, November 1, 2019   /  10:07 am
Harmonizing halal standards A study on current halal standards shows an increasing awareness in countries and organizations globally about establishing their own halal standards. However, this trend is of a grave concern for halal industry players, especially practitioners, stakeholders, sharia advisors in general and Muslim customers in particular. (Antara/FB Anggoro)

The Muslim population reached 1.83 billion out of the world’s 6.5 billion people in 2018, with an average annual birth growth rate of about 1.80 percent. Undoubtedly, the halal food trade is growing fast at 20 percent annually. The value of the global halal product market is estimated at US$4.55 trillion, excluding Islamic banking, with food and beverages accounting for 67 percent, pharmaceuticals 22 percent and personal care and cosmetics 10 percent. However, the lucrative market of the halal industry is also facing a huge challenge, as various halal standards are being implemented globally. A study on current halal standards shows an increasing awareness in countries and organizations globally about establishing their own halal standards. As such, it is not surprising to find within a country more than one halal certification body and more than one set of halal standards. ...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.