The halal industry is one of the major and most important industries and the fastest growing global businesses across the world. Muslims which are 1.8 billion of the global population in 2018 are looking for halal food as a religious doctrine that must be fulfilled. However, the Halal industry is attracting both Muslims and non-Muslims with wholesome, hygienic, and contamination-free principles of food production and this industry has expanded tremendously beyond food and beverage products. The halal industry has broadened its spectrum to cosmetics and personal care, pharmaceutical products, and medical devices as well as logistics services.
According to the State of the Global Islamic Economy Report (SGIE 2019/20), global Muslim spend across lifestyle sectors was $2.2 trillion in 2018, while the Food and beverage leads Muslim spend by category, at $1.37 trillion, followed by clothing and apparel at $283 billion, travel at $189 billion, and spending on pharmaceuticals and cosmetics at $92 billion and $64 billion respectively.
For the halal products to penetrate countries all over the world, they have to be certified halal as halal certification is a means of ensuring reliability that they are complying with certain standards of Sharia, quality, safety, and hygiene. IHAF MRA ensures that these halal standards, and conformity assessment methods are the same regardless of the certification bodies. It will interns provides trust and assurance in halal products, and eventually, eliminates trade barriers. Halal certificate holders will then be able to create a competitive advantage by producing superior and preferable products to the world.