A Glimpse into The Global Halal Industry 2024
The Halal industry is much more than just food on your plate. It’s a way of life that encompasses the entire ecosystem, from food production to consumerism. The Halal industry is a booming global market. The global Islamic economy comprises seven sectors — Islamic finance, Halal food, modest fashion, media and recreation, Muslim-friendly travel, pharmaceutical, and cosmetics.
It is estimated that the global Halal market will be increased by trillions in 2027, making it one of the fastest-growing industries in the world today. Recent years have seen a surge in global awareness of sustainability, ethical consumption, green growth, and digitization, enabling the Halal industry to flourish worldwide.
Halal Term
The word ‘Halal’ comes from Arabic which means “allowed” or “permissible” according to Islamic law. Therefore, every Muslim must ensure that whatever they consume comes from a Halal source—not just the ingredients but also the entire production and handling process from start to finish (Zakaria, 2008).
The definition given by Jabatan Kemajuan Islam Malaysia (JAKIM) in Trade Description Order 2011 covers products and services encompassing all the business operations like packaging, marketing, manufacturing, logistics, supply, maintaining premises, slaughtering, and so on (JAKIM, 2015).
$2.3 Trillion Halal Consumer Market Plays a Significant Role in the US Economy
The tenth edition of the report (2023/24) presents an annual update on the halal ethical economy – encompassing halal products, Islamic finance, and lifestyle sectors being driven by the 2 billion Muslim consumers extending to include a wider global ethical consumer market. This year’s SGIE report indicates that Muslims spent US$2.29 trillion in 2022 on food, pharmaceuticals, cosmetics, modest fashion, travel, and media. Islamic finance assets are estimated to have reached US$3.96 trillion in 2021/22 and will grow to US$5.94 trillion by 2025/26.
The report’s national benchmarking Global Islamic Economy Indicator (GIEI) of 81 countries ranked the US 26th overall. The US ranked 27th in Halal Food, 11th in Islamic-themed media and recreation, and 15th in modest fashion. Malaysia retained the top spot for the 10th consecutive year, followed by Saudi Arabia, Indonesia and the UAE.
Import of halal-related products by the OIC member (Muslim majority) countries was US$359 billion in 2022 and is set to grow at 7.6% CAGR to reach US$492 billion by 2027. The US exported $20.8 billion worth of halal products to the OIC in 2022 ranking 4th globally. The top halal products export destination markets were Indonesia, Egypt, Saudi Arabia, UAE, and Malaysia.
Investments in halal economy-relevant companies increased significantly, reaching $25.9 billion in 2022/23, representing a 128% year-on-year growth. The US ranks #8 with a growth of 17% in 2022/23 compared to the prior year.
Advisory and Consulting
It is part of our responsibility to nurture the industry in Jordan and Middle East with up-to-date and accurate information on businesses and consumer trends. In order to achieve that goal, we have established high-end professional consultancy services for entrepreneurs and business of all industries in enhancing their Halal businesses.
Our vision in Halal Consulting Services
To become an e-based organization that benefited both business and non-business community through continual improvement in demonstrating a culture that is entrepreneurial, innovative and industry focused.
The objectives are:
The advisory activity is a support service to the companies, which intend to deepen the world of Halal services and products, and consists in providing aid aimed at understanding the international Halal standards and schemes in the various sectors.
The package includes:
Step 1: Interpreting and identify the halal standard(s) and/or halal regulations based on company's target market(s) and strategic direction
Step 2: Conduct a comprehensive GAP assessment based on predefined halal standard(s) (Assessment Criteria)
Step 3: Identify scope of products required to obtain halal certification in matter of products, category risk, category and sub-category
Step 4: Verify product's adequacy to Halal certification in matter of sharia point of view, labelling requirements, laboratory tests, technical requirements, etc.
Step 5: Analyze all raw materials, sources, materials, tools, ingredients, etc
Step 6: Review applied food safety management programmes level of implementation, documentation and practices
Step 7: Develop required documents (Halal File) required by the previously identified halal standard(s), halal standard's complimentary standards, and halal regulation(s) and integrate them with current food safety programme
Step 8: Conduct multi level training sessions and programmes to all company's level
Step 9: Qualify internal halal supervisor and halal team
Step 10: Supervise on the implementation of halal assurance management system
Step 11: Evaluation of implementation performance through comprehensive internal audit and correct non-conformities
This exceptional service guarantees that a company thoroughly fulfills all halal standards before the Halal Certification Body commences the certification process. It not only assures that all requirements are met but also helps companies repair non-conformities that have been identified by the Certification Body. This service proactively addresses issues, making the halal certification process more efficient, effective, and secure.
With this service, companies can eliminate unexpected compliance problems and ensure that all of their halal certification processes run smoothly. Our comprehensive reports include compliance scores, recommendations, and necessary corrections, every detail to ensure the highest possible halal certification standards.
We understand that halal certification is vital to your business. Therefore, we are committed to assisting companies in obtaining halal certification swiftly and efficiently. We won't hesitate to go above and beyond to make sure that your company is certified, and you can enjoy the benefits of halal certification. With our top-of-the-line service, you can rest assured that you will get the best possible results. Let us help you ensure that you meet all halal standards and requirements, so you can take your business to the next level!
Training and Education
Global Halal Academy was founded in early the year of 2022 aiming to provide a professional trainings and educations with domain experts in halal standards of Technical Experts and Sharea’a Experts .
The Academy is an independent and autonomous center for halal training and education leaded and operated by competent professionals in the food safety management systems and Share’a experts that are licensed by the official bodies and well-trained on global various halal standards and regulations.
As long as many accreditation bodies have requirements and conditions concerning halal standards and each of them obligate for separate halal training such as GSO 2055-1, MS 1500, SMIIC 1, UAE.S 2055-1, GSO 2055-4, GSO 993, UAE.S 993, etc., specifically in the complementary standard GSO 1694, GSO 713, GSO 9 etc.
Global Halal Academy fundamentally founded to solve this challenge by spreading awareness and knowledge of halal standards and how to meet standard’s requirements. As said, we aims primarily not to earn profits, but to emphasize the necessity for societies to have a deeper understanding of Halal concepts and clear misunderstandings related to halal and clear out confusion in determining halal status.
One more thing! one of Global Halal Academy’s objective is to unify and harmonies the different trainings regarding halal standards to one halal training with one certificate!
Training Benefits
Accepted from all accreditation bodies
Training certificates are international accepted and accredited
Trainers and educators are specialized, well-qualified with long practical and scientific experiences
Trainings are flexible and costly effective
Training venues are comfortable, equipped and perfectly designed
Inspiring Halal Training Values
Embrace the unique and globally accepted nature of Halal training
Respect and appreciate the diversity of fiqh schools, finding unity in our differences
Promote cooperation between international and European authorities for the benefit of all
Hold ourselves to the highest ethical and professional standards inline with ISO/IEC 17024 Accreditation Requirements
Halal Training Models
In-house Training
Public Training
Contractual Training
Individual and Private Training
Awareness session for public
Global Halal Academy offers a wide range of halal trainings, our training programmes includes:
OIC SMIIC Standards
United Arab Emirates [UAE]
Gulf Countries [GCC]
Malaysia
Indonesia (SJPH)
Global Halal Academy offers a wide range of halal training levels, our training levels includes:
Embark on your journey to success with confidence and let Global Standards Co. guide you towards greatness. Our expertise and commitment will propel you forward, making us your ultimate consulting partner.
Our tutors and experts have years of experience leading audits and technical expertise.
Our share'a experts have years of experience in Iftaa as practitioners with Jordan Ifta'a Department.
We at Global Standards offer customized support packages tailored to your specific needs and preferences, ensuring excellence.
Let's strive for greatness! Together, we can improve the industry and bring about positive change that benefits the public.
Form strategic partnerships to unlock growth potential and chart your path to success via collaboration, planning, and execution.
Empowering the public with accurate information about Halal, Hygiene, and Safety food standards.
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