The UAE is nearing its ambition to become the centre of global halal accreditation for a market set to be worth US2.6 trillion by 2020.
The secretary-general’s office of the Dubai-based International Halal Accreditation Forum (IHAF) is close to creating the world’s first halal international accreditation network.
IHAF, the first international accreditation entity based in the UAE, is now finalising the drafting of its by-law that will be discussed by its general assembly in November this year. Following the expected approval of its by- law, IHAF will expand its multi-lateral agreements with major food and product exporting countries.
IHAF’s 10 founding members include Dubai Municipality (Dubai Accreditation Center), Emirates Authority for Standardization and Metrology (Emirates National Accreditation System), American Association for Laboratory Accreditation, Pakistan National Accreditation Council, Entidad Nacional de Acreditacion (Spain), GCC Accreditation Center, Saudi Accreditation Committee, United Kingdom Accreditation Service, Joint Accreditation System of Australia and New Zealand, and National Council for Accreditation Egypt.
“The rate of growth witnessed in the halal market shows that by 2030 it can be the biggest industry in the world,” said Mohamed Saleh Badri, them secretary general of IHAF.
“However, although halal standards and processes are based on the universal principles and teachings of Islam, the halal industry is yet to use one universal set of determinants and one all-encompassing mark.
“More than a hundred halal marks are currently being used all over the globe. IHAF’s ultimate mission is to unify Halal criteria and halal practices and generate a global agreement among the authorities that would ease the flow of Halal goods between countries and create a halal market consumers can trust,” he added.
According to Reuters, global expenditure on halal food sector alone stood at $1.12tn in 2014 and this is expected to grow to $1.58tn by 2020. The global market for the halal food and lifestyle sector including travel, fashion, media and recreation, pharmaceuticals, and cosmetics was valued at $1.8 trillion in 2014. This is estimated to increase up to $2.6tn by 2020.
The halal sector across the world faces structural and operational challenges over regulation, standardisation, compliance, supply chain integrity, innovations, research and development, consumer education and awareness.
“Despite the challenges, the growth rate of halal products and services has been significantly high,” said Mr Badri
“It is high time that a committed global effort among governments and all halal stakeholders be done. It is about time that we establish innovative, reliable compliance schemes that are acceptable to one and all.”
IHAF is an independent, non-government network of accreditation agencies all mandated to enforce halal standards in their countries and regions. It is empowered by its aim to protect the growing number of halal consumers, to facilitate international trade and to establish a solid ground for the global industry of halal food and non-food products.
business@thenational.ae
Follow The National's Business section on Twitter
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Killing of Qassem Suleimani
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
VEZEETA PROFILE
Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
Quick%20facts
%3Cul%3E%0A%3Cli%3EStorstockholms%20Lokaltrafik%20(SL)%20offers%20free%20guided%20tours%20of%20art%20in%20the%20metro%20and%20at%20the%20stations%3C%2Fli%3E%0A%3Cli%3EThe%20tours%20are%20free%20of%20charge%3B%20all%20you%20need%20is%20a%20valid%20SL%20ticket%2C%20for%20which%20a%20single%20journey%20(valid%20for%2075%20minutes)%20costs%2039%20Swedish%20krone%20(%243.75)%3C%2Fli%3E%0A%3Cli%3ETravel%20cards%20for%20unlimited%20journeys%20are%20priced%20at%20165%20Swedish%20krone%20for%2024%20hours%3C%2Fli%3E%0A%3Cli%3EAvoid%20rush%20hour%20%E2%80%93%20between%209.30%20am%20and%204.30%20pm%20%E2%80%93%20to%20explore%20the%20artwork%20at%20leisure%3C%2Fli%3E%0A%3C%2Ful%3E%0A
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Haltia.ai%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Arto%20Bendiken%20and%20Talal%20Thabet%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20AI%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2041%0D%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20About%20%241.7%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self%2C%20family%20and%20friends%26nbsp%3B%3C%2Fp%3E%0A
Champions parade (UAE timings)
7pm Gates open
8pm Deansgate stage showing starts
9pm Parade starts at Manchester Cathedral
9.45pm Parade ends at Peter Street
10pm City players on stage
11pm event ends