Ms. Syeda Hameeda Batool, Research Associate and Visiting Faculty Member from Institute of Islamic Banking (IIB) published her research paper titled, “Role of Islamic Financial Institutions in Promotion of Pakistan Halal Food Industry” in Islamic Banking and Finance Review (Vol. 3, Issue 1) journal. The paper is co-authored by Mr. Farrukh Ijaz (Academics Officer, Institute of Islamic Banking, UMT) and Muhammad Mahmood Shah Khan (Director, Institute of Islamic Banking, UMT).
Halal has become a universal sign for quality assurance and standard of living. The world market for halal goods and services is rising into influential energy in the pitch of world commerce and finance. Halal products industry have market share of over US$ 3 trillion annually, and rapid growth is expected in forthcoming years. The aim of this study is to survey the potential and expectations of Pakistani halal food producers, financial institutions, government, NGO’s and advisory services anticipate in promoting Pakistan halal food industry as potential halal food hub. The study suggest that Pakistan have abundant opportunities to unlock new business potentials by catering to the financial assistance, government support and NGOs services to the halal economy stakeholders. This study also explores upon the growth determinants and prospects of the Pakistan halal industry that Islamic finance institutions, government and NGOs offer to hold up businesses in the world halal industry.