The global halal market is experiencing significant growth, driven by factors like an expanding Muslim population and increasing awareness of ethical and safe products. Recent developments highlight key trends in this dynamic sector.
ADIB’s Smart Sukuk Platform
Abu Dhabi Islamic Bank (ADIB) has launched ‘Smart Sukuk,’ a fractional sukuk platform that allows retail investors to participate in sukuk with investments as low as $1,000 through their mobile app. This initiative broadens access to Islamic capital markets, making ethical investments more accessible to a wider audience.
Vietnam’s Halal Strategy
Vietnam is being urged to develop a comprehensive, long-term halal product ecosystem to meet international quality and certification standards. This strategic shift aims to enhance market penetration and capitalize on the growing global demand for halal products.
Indonesian Exports
Indonesian entrepreneurs are preparing to showcase a variety of Halal-certified products, including eco-friendly furniture and packaged foods, at the Tripoli International Fair 2025. This event provides a platform to promote Indonesian halal products on the international stage.
Other Key Developments
- JAKIM Eyes World-Class Halal Certifier in Philippines: Malaysia’s Department of Islamic Development (JAKIM) plans to establish a high-standard halal certification body in the Philippines.
- Kumamoto Firm Expands Exports to Muslim Countries: A company from Kumamoto, Japan, is expanding its halal product exports to Muslim-majority nations.
Conclusion
The halal market continues to expand beyond traditional food products, encompassing finance, fashion, tourism, and pharmaceuticals. As the market grows, innovations like ADIB’s Smart Sukuk and strategic initiatives in countries like Vietnam and Indonesia will play a crucial role in shaping the future of the halal industry. Businesses looking to enter this market should consider halal certification to improve product quality and broaden their consumer base.