1. Global Halaal Economy and Environment Opportunities for SA Exporters
17 October 2017
ICC – Durban South Africa
Presented By
Bilal Jakhura – CIPA, CSAA, BCompt, MBA(UCT)
Center for Islamic Economics and Finance South Africa –

2. Agenda Islamic Economy Overview Islamic Economy Drivers
Halaal Food Economy & Certification Environment
Halaal Food and other Export Opportunities for SA
Thoughts on the Way Forward

3. Global Islamic Economy Overview

4. Global Islamic Economy Overview

5. Global Islamic Economy Overview

6. Islamic Economy Drivers
1. LARGE, YOUNG AND FAST-GROWING GLOBAL MUSLIM DEMOGRAPHIC:
 One of the strongest drivers for the continued growth of the Islamic Economy sectors is the fast growing, young, and large Muslim population worldwide. The global Muslim population is expected to rise from 1.7 billion in 2014 to 2.2 billion by 2030 (26.4 percent). By 2030, 29 percent of the global young population (15-29) is projected to be Muslim
(Pew Research Center’s Forum on Religion & Public Life)
2. LARGE AND FAST GROWING GLOBAL ISLAMIC ECONOMIES:
 The 57 mostly Muslim-majority member countries of the OIC had a GDP (PPP based) in 2015 of $17 trillion which represented 15 percent of the total global GDP (PPP based) of $113 trillion in 2015.
 Even in a climate of slow global economic growth, these economies are growing at a faster rate than the global economy.

7. Halaal Food Economy

9. Halaal Food Export Opportunities for SA
Processed and Unprocessed Meats
Success stories
Confectionary (Sweets, Chocolates, Biscuits) Products
Dairy Products
Organic Foods
Opportunities for SA Retail
Supermarket Chains

10. Halaal Food Certification Environment
SA Halaal Food Environment is well developed and various certification bodies exist.
Well known certification bodies include ffg among others:
SANHA
NIHT
MJC
Varying Standards present a challenge
Need for adherence to minimum certification and quality standards – Opportunity to Develop Halaal Export Requirements (Case Study – New Zealand – Ministry for Primary Industries)
Greater International efforts for Standardization and Harmonization needed.
Individual Country requirements
Accreditation of local bodies by International Bodies / Halaal Bodies in the import countries.
Path to Market – Local + International Halaal Certification

11. Halaal Food Export Opportunities for SA

12. Other Halaal Economy Export Opportunities for SA
Islamic Tourism
Halaal friendly hotels (Prayer rooms, toilets)
Halaal Boutique Hotels
Muslim Friendly Airports
Strategic alliances/interactions with Tourism boards of OIC countries
Halaal Finance and Investment
Marketing SA Islamic Finance Instruments to Middle East and SE Asia
Using SA as a gateway to investment into African countries
Halaal Property Fund
Better marking of SA’s Islamic Financial Products in Middle East and South East Asia (eg. Malaysian Pension Fund)
Pharmaceuticals
Halaal health, beauty and lifestyle products

13. Ideas on Way Forward Creation of Halaal Hub Initiative
Regular interaction between SA business and OIC member missions in SA
Trade missions to OIC countries – especially Middle East
Focus on African Trade Opportunities – eg. Zambia, DRC (optimum logistics into Africa)
Partnership between Business and Certification Bodies
Formation of Halaal Export Forum to Develop Halaal Export Guidelines

14. References and Sources
Graphics - Global Islamic Economy Report 2016/17
 Ismail Abd Latif, Zainalabidin Mohamed, Juwaidah Sharifuddin, Amin Mahir Abdullah & Mohd Mansor Ismail (2014) A Comparative Analysis of Global Halal Certification Requirements, Journal of Food Products Marketing, 20:sup1, , DOI: /

15. QUESTIONS ?