THE RISE OF ASIA CONFERENCE SERIES 2023
OFFLINE AND ONLINE
INTERNATIONAL AND INTER-TRANS-DISCIPLINARY CONFERENCE
PANEL
AND ROUNDTABLE
Panel:
a 90-minute session of paper presentation with 3-4 presenters
Roundtable:
a 90-minute session of exchange views without paper with 4-6 speakers
Those willing to present their paper in a panel or to
present their view in a roundtable are invited to submit online their abstract
in 200-300 words until December 31, 2022. The link to submit abstract are
available at https://bandungspirit.org/IMG/html/abstract_submission.html
THE
RISE OF HALAL MARKET AND INDUSTRY:
What
challenges and what opportunities for the business world?
Halal is an Arabic word
translated to "permissible" in English. In the Koran, the word halal
is combined with haram (forbidden). The term halal is
mainly associated with Islamic dietary laws, especially meat processed and
prepared following Islamic jurisdiction. The most well-known forbidden dietary
products are pork and alcohol. Recently the notion of halal and haram has been extended to other products
outside food. It now includes clothing, cosmetics, finance, and tourism. It
creates a new global market and industry involving not only Muslim-majority
countries but also non-Muslim ones, including Australia, Brazil, France, the
UK, USA.
The following data quoted from Imarat Consultant, a
specialist of Halal Market Economy deserve the attention of the business world:
1. Estimated global halal market
value: around 2 billion consumers worldwide, making approximately 500 billion
USD annually.
2. Halal global market force includes:
meat & poultry, food manufacturing, food retailing, restaurant chains, food
service industry, logistics & shipping, Islamic banking & finance,
standards-auditing-certification, science & new technologies, personal care
products.
3. Halal products offer an alternative
way of consuming in the sense of healthy, organic, environmentally friendly,
animal welfare, ethnic/cultural, and fair trade.
4. Halal market is expanding from fine
dining to fast food in the air, schools, hospitals, prisons, military
rations... Halal industry sectors protecting the integrity of the entire halal
value chain is becoming increasingly important.
5. Halal market and industry driving
countries include Brunei, China, Indonesia, Malaysia, Philippines, Singapore,
and Thailand. Regional competition has stimulated local & global markets.
Those facts raise questions such as:
Is
there any correlation between the rise of the halal market & industry and
the rise of Asia? Are the two phenomena a coincidence or a synergy? How far the
halal market and industry could develop? In what way and sectors the Non-Muslim
majority countries could take part in the halal market and industry?