The International Halal Accreditation Forum (IHAF) emphasized the importance of developing Halal standards at the ISO level to capitalize the Islamic economy, which is projected to reach 11.7 trillion dirhams ($ 3.2 trillion) by 2024, according to a report on the global Islamic economy for 2019-2020 year. Dr Rehab Al Ameri, IHAF Secretary General, noted the importance of promoting Halal ISO standards in her speech at the 5th Global Halal Industry Platform, reports Emirates Wam news agency. According to her, those who seek to meet the needs of 1.2 billion Muslim consumers around the world.
The event, sponsored by Sultan Bin Saeed Al-Mansouri, Minister of Economy and Chairman of the Emirates Standardization and Metrology Department (ESMA), was opened by Abdullah Al-Maini, EMSA CEO.
The important thing is that today, countries are following Halal standards in order to penetrate new markets, as well as cater to the growing Muslim population and the growing number of non-Muslim consumers who prefer to consume Halal products.
Governments around the world have taken initiatives to support the development of the Halal industry, leading to new markets, modernization of existing facilities, research and development, technology acquisition, marketing and promotion. The Secretary-General stated that the development of Halal standards at the ISO level and the harmonization of these standards around the world is essential to protect the growing number of Halal consumers and facilitate international trade in Halal products.
The Secretary-General stated that the development of Halal standards at the ISO level and the harmonization of these standards around the world is essential to protect the growing number of Halal consumers and facilitate international trade in Halal products. Thus, the harmonization of Halal standards will not only remove trade barriers, but also provide easier, more transparent international trade relations, which will contribute to the economic growth of countries, as well as expanding opportunities for halal goods to access new halal markets around the world.