Pakistan: MoU signed with Malaysia for meat exports

Lahore - A memorandum of understanding has been signed between the Punjab government and Peneng State Government Malaysia regarding cooperation in halal industry at Chief Minister’s Secretariat here on Saturday.
Chief Executive Officer Lahore Meat Company Dr Hamid Jalil on behalf of Punjab government and Minister for Religious Affairs and Chairman Halal Industry Development Peneng State Government, Haji Abdul Maalik Qaseem on behalf of Malaysian government signed the MoU. Punj

ab Chief Minister Muhammad Shahbaz Sharif, Minister Agriculture Ahmad Ali Aulakh, Members Provincial Assembly, Chairman Planning & Development, Commissioner Lahore, Chairman Special Initiatives, Vice Chairman Punjab Investment Board and officers concerned were present on the occasion. According to the agreement, Peneng State Government Malaysia will work jointly with Punjab Meat Company for setting up of Halal Industrial park in Punjab, training programme, international certification and export of halal products from Pakistan.
Speaking on this occasion, the CM said Malaysia was a brotherly Islamic country and the agreement between Peneng State Government Malaysia and Punjab government with regard to promotion of halal industry was a good omen. He said there was a big scope of exporting halal meat from Punjab to international market and Punjab government was taking solid steps in that regard. He said a state-of-the-art slaughter house was also being established in Lahore with the cooperation of Iran whereas for the first time in the history of the country, halal meat had been exported to Malaysia. “The Punjab government is also working on the project of certification of halal meat so that it could be exported to Middle East, Malaysia and other countries from Punjab as per international standard,” he said, adding that the government would work for the uplift of halal meat industry with the cooperation of Peneng State Government, Malaysia, and directed Dr. Hamid Jalil to take further steps in that regard.
Ref: http://halalfocus.net/2011/05/15/pakistan-mou-signed-with-malaysia-for-meat-exports/

SBI signs MoU with Malaysian Halal Authority

KARACHI: Sindh Board of Investment (SBI) achieved a historic milestone in its progress towards development of Halal sector in Pakistan by signing a Memorandum of Understanding with Halal Industry Development Corporation (HDC) which is the premier agency for development of Halal Industry in Malaysia.
According to SBI here on Thursday, the MOU was signed in HDC’s Kuala Lumpur office between Mohammad Younus Dagha, Secretary Investment Department and Director General Sindh Board of Investment (SBI) and Jamil Bidin, the Chairman and CEO of HDC in the presence of  Advisor to CM Sindh on Investment Zubair Motiwala and the High Commissioner of Pakistan for Malaysia Masood Khalid and the officials of HDC.
Malaysia is one of the key players in global Halal sector, the others being Australia, Brazil, Thailand, India, etc. with China, France and Japan having plans to enter soon.
Speaking on the occasion Jamil Bidin, CEO of HDC stated that the great potential of global Halal market provides various opportunities for collaboration between the two brotherly countries and the initiative taken by the SBI will pave way for development of this industry in Pakistan.
He said, HDC will provide all assistance for development of regulatory framework, establishment of Halal Parks (designated industrial areas) and training of entrepreneurs, auditors and functionaries in pursuance of the MOU signed. He also pointed out the potential of business to business joint ventures for Halal industry in both the countries.
Motiwala, in his address said that SBI was keen to work out the detailed implementation plan to ensure that the MOU meets aspirations of both the parties to play their due roles in development of Halal industry.
A working group comprising of was also formed to work out modalities and work plan for the implementation of MoU.

USA: 10 Facts about the Muslim Consumer

The total global Muslim population is 1.6 billion, around 25% of the world’s population today.  It’s expected to be nearly 50% of world population by 2050 if it continues to outpace global population growth by 1.5x-2x.  The Muslim household on average is around 5 people per family compared to the United States at 2.6 people.
2.  The typical Muslim demographic is younger.  For example, in the Middle East, North Africa and the South Asian region, the focal geography of SM Advisory Group, almost 50% of the population is under the age of 25. Furthermore with a rising middle class and adoption of modern and urban trends the consumption potential is very attractive for decades to come.
3.  The global shariah-compliant market is more than $2 trillion annually. This includes all products and services that a Muslim community would be a natural consumer of and includes halal food as well as Islamic banking.
4.  The halal food market is approximately $632 billion or 16% of the global food industry.  This already being a significant portion but also take into account the exponential growth rate of Muslims, therefore one can predict that the halal food industry will also grow to meet the needs of this booming population.
5.  The Islamic finance market is estimated at $1 trillion. Islamic funds are only around $55 billion worldwide compared to conventional market at $22 trillion therefore as Islamic finance matures the upside to raising new capital and expanding the Islamic banking universe is significant.
6.  US Muslims alone have a buying power of around $200 billion or $25,000 per capita. If the average Muslim population reaches even one fourth of the US Muslim consumer, spending level the global Muslim consumer spending would be around $10 trillion annually.
7.  According to a recent gallup study, Muslim Americans have the least amount of income disparity between the genders.  The Muslim American community also happens to be the most ethnically diverse.
8. Muslims account for 16% of the $100 billion Kosher market because of limited halal products, therefore just as a starting point there appears to be an established $16 billion food market in the US ripe for halal food manufacturers.
9.  Ad spending in the Arab world is $6 per capita compared to North America at $369, Europe $117, Asia $23 and Africa $7, hence for marketers and advertising firms there is an untapped market completely.
10. Nestle is one of the largest halal food manufacturers with halal sales of more than $5 billion.  75 out of 481 Nestle factories produce halal food worldwide. Halal food is approximately 5% of Nestle’s sales.  As companies look to take advantage of growth in the Muslim consumer market it is quite likely that they focus on bespoke marketing on everything from pharmaceuticals to insurance and baby formula.