Halal Economy – Welcome to World Halal Day – World International Trade Festival

JOIN THE EVENT In essence, Halal is a lifestyle that may be the guiding principle of every Muslim, but that can be practised by everyone.

Introduction to HALAL

Halal is an Arabic word which means Permitted, Lawful with respect to which no restriction exists, and the doing and consuming of which is allowed by The Almighty Allah. Lawful for Human Consumption, Products and Services. Halal is Hygienic, Halal is for All. Halal is no longer a concept confined or restricted to the slaughtering of animals for the consumption of a Muslim but encompasses products and services of the highest quality to meet the ever increasing awareness and needs of consumers in a demanding global market. The estimated Global Halal Market worth of USD. Trillion which is increasing USD 6.3 billion every year and expected to reach USD 8.7 Trillion by 2025.

GLOBAL ISLAMIC ECONOMY

Represented by $2 Trillion of Consumer spending by 1.9 billion Muslims across six real-economy sectors(2021 est)

The major Sectors of
global islamic economy

Potential Growth Sectors

It is a lucrative market and huge opportunities for halal food business domestic and international trade. Many companies are looking at halal concept as a new tool for marketing. Some facts of markets trend in abroad in the past few years did showed in abroad in the past few years did showed that he development of the global halal food market is up-rising.

The availability of halal food from fresh meat to value added/processed food is increasingly visible in many EU countries. From butcheries, small stores, supermarkets and hypermarkets are gradually selling halal food products, although this typically started in the Muslim-majority areas.

Besides there were also butcheries and grocery stores for the Muslims in china. Currently, the global halal market has gained its attention from the trade merchant world. Many Halal expos had been held around the world, for example in Malaysia, Singapore, Turkey, Dubai, UAE, and Iran. Ecommerce and online business portal had been proved to be one of the best e-business solutions to penetrate the emerging market.