The Role of the Halal Food Certification on the Growth of the Islamic Economic System: A Global Review

Abstract

As the Muslim world undergoes swift economic and population expansion, the halal food sector outsides as the most substantial and diverse component of the Islamic economy. Our study examines halal food certification procedures across various countries by highlighting the escalating demand for these products. We pinpoint the necessity of an international halal food certification authority that would ensure consistency and reliability in certification processes globally. Importantly, we propose that producers should ensure their halal food items are certified by a recognized organization where consumers can advocate for a global halal certification entity. To mitigate the information asymmetries between manufacturers and consumers, we suggest the implementation of policies to bolster consumer awareness about halal food certification. These policy recommendations aim to stimulate the consumption of halal food, enhance consumer trust, and further the economic growth in Muslim countries by strengthening the halal food market.