@Halal January/February 2021 | Page 2

@ Halal | January-February . 2021
| @ Halal says ... |

Ready to move on

Marked Opportunities Dinar Standard wields on the Global Islamic Economy Indicator ( GIEI ) to offer comprehensive picture
An all-round halal business GISB Holdings offers a wide range of Syariah-compliant products and services
Indonesia to issue fatwa There are concerns about halal status of Covid-19 vaccine
• Taiwan , Brunei sign MOU to promote halal economy
• Halal certification agency in Korea helps SMEs expand to Indonesia
Huge potential for Vietnam Halal market growing at rapid rate across every continent
• Islamic banking gains prominence in the UAE

There great expectations . The halal food market was expected to grow US $ 624.52 billion during 2020-2024 . But now , given the uncertainty of the pandemic , no one dares to dream .

Yes , people still got to eat . But the logistics , manufacturing and production of the halal food market were severely put back at least two years . As some would say , 2020 never really existed . Instead , it was a year that we do not want to remember .
But what about 2021 ? Will we witness a shifting trend ? In the way , we eat or dress or travel and even manage our Islamic finances .
Can anyone categorically and with conviction say for sure what the expectations would and should be for 2021 ? If you are out there , please step forward . The world would like to meet you .
The organisers of the Tokyo Olympics seem overly confident that this year , it will happen . Fact is , they need to be . They have invested too much in turning back now . But at what costs ? p10-11
COVER STORY Ensuring halal integrity Time to ramp up halal certification process ’ s digitalisation by assimilating blockchain technology
Won ’ t be a walk in the park Travel sector may recover sooner than any other post-pandemic
First of its kind Zurich Takaful Malaysia offers dynamic product called Takaful Proinvest
Why choose halal cosmetics products ? Halal importance has opened the floodgates for established international companies
The Good , the Bad and the Divine Solidarity for halalan toyyiban diet p08
Duopharma best-positioned The pharmaceutical company can lead in providing information on halal pharmaceuticals
The vaccines are just beginning to roll out .
The halal market awaits , though . The expected halal trade for the Tokyo Olympics was US $ 3.7 billion . But the smaller crowds will significantly shave the targeted revenue from the sale of halal food and products to Japan .
The damage to Malaysia ’ s expectations could be up to US $ 200 million .
Market forces will craft the trend obviously . The world awaits , on bended knees and bowl in hand .
Malaysia , perhaps , can steal a march on the others . p19
Deal for a seal Kedah government looking at collaborating with Halvec Labs