Moving towards a globally accepted halal certification. The Islamic economy has established itself as a growing force in the global economy. Muslims spend more than $2.2million annually on food, pharmaceutical and lifestyle products which are influenced by faith based ethical needs.
As such, the halal market is larger and more diverse than ever with rapid expansion expected over the coming years. Consumers are being given more options and products across finance, food, fashion, cosmetics and many other sectors. For example, apps make it easier for people to find halal certified restaurants or food outlets in their area.
Even so the industry still faces a number of obstacles to growth. Different approaches among different regulatory authorities hinder the movement of international trade. For this we believe the market needs a harmonised standard to make it easier for halal producers to achieve certification and facilitate the flow of trade. Our our goal is to develop a framework that unifies the practice across the halal supply chain and will be universally accepted reducing the barriers to international halal trade.
At the IHAF, we are bridging the relationship with all stakeholders wither they are accreditation bodies, certification bodies. We aim to do this by establishing systems to facilitate the international trade of halal products on a global level with a global halal accreditation level.
With that goal in mind we are developing relationships with certification bodies, development programs, regulators and governments around the world to ensure the acceptance of the IHAF MRA model.
As part of this we are promoting the Global Halal Accreditation platform and developing a comprehensive marketing and media strategy designed to expand its membership, develop new contacts and establish our position as the most credible accreditation forum in the field of halal products.
Going forward we are working to ensure the sustainability of IHAF by constantly reviewing our activities and programs to ensure we keep up to date with the latest trends in the global halal industry and keep our activities and programs relevant. The market is evolving and, to be successful we need to ensure we move with it and keep up to date latest related international standards, policies and guidelines related to conformity assessment bodies activities.