Halal
food is associated with Muslims as well as Non-Muslims which is understandable.
But there are many misconceptions which limits the minds of the people like
they should guard themselves away and should not consume anything which a
Non-Muslim sells which is considered as Non-Halal. Such religious believes
creates barrier between people which leads to distinction between them but now
a days we can see that there are many things in common between them.
Halal
industry has many categories like Halal Food, Halal Tourism, Islamic banking,
Halal medicines and pharmaceuticals, Halal cosmetics, modest fashion, Halal food and beverages and also Halal media and recreational sector for entertainment and
many more. But out of all these the most important sector and most searched
topic is Halal food and beverages in Halal industry as there are more
opportunities due to rising demand of it whole over the world.
Halal
food sector is turning to be the last Halal industry pillar by its revenue by
showing clear signs of maturity and development with an increase in Halal
private equity investments for food which includes $30 Million invested in
Janan Meat in United Kingdom and an IPO undertaking in Malaysia’s Dagang in the
London Stock Exchange. Halal industry is also upgrading its regulation by
accelerating the oversee certifiers to reduce all complexity and encourage more
players in Halal food and beverage sector.
The
Islamic banking and finance sector has shown a healthy growth and has spread worldwide.
This has enabled for crowdfunding platforms. But due to lack of awareness about
Islamic Finance produce offering, the sectors have been held back.
Halal Tourism is also expanding its reach by increasing its growth rate in Halal
beach resorts and also by launching various different dedicated airlines and
launching the answers to Bookhalalhomes, TripAdvisor, Airbnb, Tripfez and
others.
Not
only the above mentioned sectors are expanding but also the modest fashion
industry is expanding with an increase in several retailers and brands likes
Dolce & Gabana and Uniqlo and Burberry entering industry is the center of attraction.
Along with these there are several noticeable factors and investments driving
the sector forward which includes crowdfunding used to develop a climate of
hijab and the investment funding by Qatar’s Mayhoola for French Luxury label
Balmain.
Halal Pharmaceuticals and Halal Cosmetics are also turning out to be a sector of
investment by creating and spreading awareness about ingredients rises
fostering the development of new products like permeable nail polish and the
Halal vaccines adding to the new range of pharmaceuticals. Not forgetting Halal
media and entertainment, it is also driving positive reinforcements for Muslims
by publishing new magazines and offering new Muslim Kids Tv and technological
innovations like Quran Academy which is notable.