Revolutionizing the Industry in a Shariah Compliant way ! ISLAMIC FINANCE & HALAL FOOD INDUSTRY HALAL INDUSTRY RESEARCH CENTRE HALAL RESEARCH COUNCIL Revolutionizing the Industry in a Shariah Compliant way ! www.halalrc.org

WHAT IS HALAL INDUSTRY ? HALAL IS EVERYTHING WHICH HAS BEEN ALLOWED BY ALLAH AND HIS PROPHET (PBUH) CLUSTER OF COMPANIES & ORGANIZATIONS PRODUCING/SUPPLYING/GOVERNING PRODUCTS AND SERVICES WHICH ARE COMPLIANT TO ISLAMIC SHARIAH LAWS CURRENTLY THE GLOBAL HALAL INDUSTRY IS VALUED AT OVER THREE (3) TRILLION DOLLARS HALAL INDUSTRY IS NOT RESTRICTED TO MEAT/CHICKEN BUT COVERS EVERY ASPECT OF INDUSTRIAL TRADE AND SERVICES HALAL PRODUCTS AND SERVICES ARE NOT JUST FOR MUSLIMS BUT CAN BE CONSUMED/USED BY EVERYONE

WHY HALAL PRODUCTS/SERVICES ? THE CORE RELIGIOUS TEACHINGS OF EARN HALAL, EAT HALAL, LIVE HALAL AS MUSLIMS WE ARE ALLOWED ONLY TO TRADE IN HALAL PRODUCTS/SERVICES MUSLIMS IN NON-MUSLIM COUNTRIES REQUIRE AUTHENTIC HALAL PRODUCTS/SERVICES HALAL PRODUCTS AND SERVICES ARE A QUALITY MARK

HALAL INDUSTRY WHERE IS PAKISTAN ? GLOBAL ISLAMIC FINANCE INDUSTRY IS CURRENTLY VALUED OVER $1 TRILLION GLOBAL HALAL FOOD INDUSTRY IS CURRENTLY VALUED OVER $500 BILLION MAJOR ISLAMIC HUBS: MALAYSIA, UK, EUROPE, MIDDLE EAST MAJOR HALAL FOOD SUPPLIERS: MALAYSIA & FAR EAST, SOUTH AMERICA, OCEANIA MAJOR HALAL FOOD BUYERS: MIDDLE EAST, FAR EAST, AFRICA, EUROPE, AMERICAS WHERE IS PAKISTAN ?

DEVELOPMENT IN ISLAMIC FINANCE CENTRAL REGULATOR – STATE BANK OF PAKISTAN ACTIVE PARTICIPATION DEVELOPED CENTRAL BODY AND IMPLEMENTED HARMONIZED STANDARDS LEADERSHIP AND OWNERSHIP SHARIAH EXPERTISE – EXTENSIVE CAPACITY BUILDING ON ALL LEVELS BANKING TO SHARIAH SCHOLARS SHARIAH TO BANKING EXPERTS DAR-UL-IFTAS TO STATE BANK – COVERED ALL THE STAKEHOLDERS SERVICE PROVIDERS – SPECIALIZED PROVIDERS SUPPORTED THE INDUSTRY PRODUCT DEVELOPMENT AND CONSULTANTS TRAINING PROVIDERS RESEARCH AND PUBLICATIONS TOTAL COMMITMENT – A KEY TO SUCCESS FOR ISLAMIC FINANCE

WHAT SHOULD WE LEARN FROM ISLAMIC FINANCE INDUSTRY ? A CENTRAL REGULATORY BODY IS REQUIRED ACTIVE PARTICIPATION AND OWNERSHIP TO IMPLEMENT LAW AND MONITOR TO SUPPORT THE INDUSTRY PARTICIPANTS SHARIAH EXPERTISE – EXTENSIVE CAPACITY BUILDING ON ALL LEVELS MODERN FOOD PRACTISES AND CONFLICTS WITH SHARIAH SHARIAH PRINCIPLES TO INDUSTRY PARTICIPANTS AWARENESS IN CONSUMERS SERVICE PROVIDERS – SPECIALIZED PROVIDERS TO SUPPORT THE INDUSTRY INDUSTRIAL CONSULTANTS INCLUDING CERTIFICATION BODIES TRAINING PROVIDERS RESEARCH AND PUBLICATIONS TOTAL COMMITMENT – A KEY TO SUCCESS FOR HALAL FOOD INDUSTRY

HOW CAN ISLAMIC FINANCE & HALAL FOOD SUPPORT EACH OTHER ? EXPORT GROWTH SAME PRODUCTS, NEW MARKETS, NEW STRATEGIES ISLAMIC EXPORT FINANCE SCHEMES TO FOSTER GROWTH OPPORTUNITY TO FINANCE NEW FINANCING PROJECTS NEW SUKUK ISSUES CREATING LIQUIDITY MICROFINANCE AND SME FINANCING OPPORTUNITIES NEW INVESTMENTS IN SECTOR RESEARCH PROJECTS INDUSTRIAL PARKS AND ESTATES NEW PRODUCT DEVELOPMENT GOLDEN OPPORTUNITY TO RENEW THE BUSINESS CYCLE

FUTURE IS HALAL INDUSTRY ISLAMIC FINANCE AND HALAL FOODS ARE TWO DIFFERENT ASPECTS OF THE SAME PHENOMENON