ARAB NEWS A report, published recently by the World Halal Forum
, states that global trade in halal food is currently estimated to be worth around $700 billion annually, with the industry in the Middle East alone worth about $20 billion.
Halal now accounts for 16% of the entire global food industry; the World Halal Forum
recently estimated that the global food and beverage market is now worth ca.
The IHI Alliance was set up by the inaugural World Halal Forum
held in Malaysia in 2006 as a vehicle for the promotion of values, halal practices and quality control and its mandate was reinforced by the Organisation of Islamic Co-operation (OIC) in 2008.
In 2009 global halal food market was estimated at some $635 billion (490 billion euros) according to the "World Halal Forum
It is now time to create strong investment opportunities to enable more participation in this important halal sector," remarked Badawi at the launch of Azka Capital at the eighth World Halal Forum
in Kuala Lumpur, Malaysia.
As per the latest research by the World Halal Forum
, the total size of global halal food market is worth about $632 billion in 2009 and if we also include the non-Muslim consumers, the total figure will be much higher; Jawad said.
In April 2011, at the World Halal Forum
, the SAMI Halal Food Index was launched with the former Prime Minister of Malaysia, Tun Abdullah Badawi, who has been a champion of the 'Halal economy.' Thus, Halal positioned as an asset class turns to inward and intra-OIC investments as all Halal food companies (presently) originate from the Muslim world in the SAMI index.
KARACHI, April 26, 2011 (Balochistan Times): Asad Sajjad, Secretary General and CEO of HDC (Halal Development Council) represented Pakistan in the 6th World Halal Forum
(WHF) in Malaysia which was attended by over 600 delegates from 40 countries.
With greater investment from the government and the establishment of a halal food index, will the UAE finally be cashing in on an industry that, according to the latest research by the World Halal Forum
, is worth about $632 billion?
discussed for the first time at the World Halal Forum
in Kuala Lumpur.
Abdalhamid Evans, project director with the World Halal Forum
Europe, which works with the global halal industry, said a recent backlash has prompted some mainstream businesses in Europe to keep a lower profile about their halal products or scale back their offerings.