State of the Global Islamic Economy Report 23/2024: A $142 Billion Opportunity
The halal pharmaceutical industry is experiencing significant growth, with Muslim consumer spending projected to reach $142 billion by 2027. Strategic partnerships, government initiatives, and advancements in AI are driving this expansion. The industry presents promising investment opportunities for sustainable growth.
Continue ReadingRising to Global Prominence: The Evolution and Impact of Malaysia’s Halal Pharmaceutical Industry
Under the guidance of Jakim and NPRA, Malaysia’s halal pharmaceutical industry has seen significant growth. Despite challenges in global expansion, it continues to innovate and thrive. Backed by key players and government initiatives, it positions itself as a leader in high-quality halal medicines.
Continue ReadingCapitalizing on Halal Pharmaceuticals: The Billion-Dollar Path to Ethical Healthcare
Venturing into the halal pharmaceutical market, valued at USD 151.5 billion by 2027, offers a lucrative opportunity for ethical healthcare. Despite challenges like standardized regulations and consumer trust, it paves the way for a more inclusive healthcare landscape for all.
Continue ReadingHalal Development Corporation Berhad, SOLV Malaysia Unite to Help Medium-sized Enterprises Access RM2.67 Billion Halal Fund
This collaboration simplifies financing processes and promotes SMEs’ growth and sustainability.
Continue ReadingSaudi Arabia, Singapore Ink Deal on Mutual Recognition of Halal Certificates
The agreement guarantees the acknowledgment of locally exported products by both parties and facilitates the sharing of expertise and knowledge in training, research, and laboratory analysis for halal products.
Continue ReadingTurkey to Host World Halal Summit, OIC Halal Expo
The 9th OIC Halal Expo will feature 500 exhibitor from 40 different countries, and over 40,000 attendees.
Continue ReadingPhilippines to Launch National Halal Strategy
The plan aims to generate $4 billion in trade and investments in all halal sectors including halal food, Islamic finance, halal-friendly travel and tourism, modest fashion, halal pharmaceuticals, and cosmetics.
Continue ReadingSaudi Awards Halal Certificates to More Than 219 Facilities
The certificates have been granted by the Halal Center of Health Sector Transformation Program, a key initiative under Saudi Arabia’s Vision 2030, affiliated with the Saudi Food and Drug Authority (SFDA).
Continue ReadingThe Alleged Halal Conspiracy at the Heart of the Menendez Corruption Scandal Had Many Victims
Halal certification is a complicated, sacred process and for years, people have raised concerns about Wael Hana’s rapid success in the industry.
Continue ReadingMalaysia is a Paragon of a Thriving Halal Industry. Here’s Why.
Malaysia has topped the world in the Global Islamic Economy Indicator (GIEI), according to DinarStandard’s State of the Global Islamic Economy Report 2022.
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