SHAFAQNA- The 3rd OIC Annual Halal Congress concluded in the emirate of Sharjah, UAE, on Friday.
Currently, the halal food products industry stands at $2 trillion worldwide with Muslim countries accounting for $700 billion. The industry is expected to grow to $3.7 trillion in 2019. Currently, the PGCC procures US$ 26 billion annually in halal food imports, PRWire.com reported.
The CEO of the Islamic Development Economy Development Center in Dubai, Abdullah Al Awar, stated that, “the spread of Islamic sectors such as Islamic banking, halal food, fashion, cosmetics, tourism, and other sectors was no longer a matter just for the Muslim world, but now an international phenomenon.”
Camille Paldi, CEO of FAAIF- a legal and management consultancy firm servicing clients in Islamic banking, finance, and takaful, said that although the OIC Sharjah Halal Congress focused mainly on food products this year, it hopes to include other halal industries such as cosmetics, tourism and hospitality, and Islamic finance and banking in the future in order to become a comprehensive halal platform through which exhibitors can showcase their products and services.