Halal Industry 

Prospects of Halal Products in Developing Countries: Comparison Between Nigeria and Malaysia

Dr. Asnidar Hanim Yusuf | 12 February, 2019 | Country Region Report
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DescriptionThis paper looks into the prospects for Halal products in developing the economy of a country such as Nigeria and how it can be a major source of revenue generation
Executive SummaryThis paper starts by discussing the benefits of Halal products to a nation’s economic development in terms of its contribution to gross domestic product (GDP) in countries such as Malaysia. It discusses strategies implemented by Malaysia that can aid other developing nations such as Nigeria to adopt Halal implementation for Muslims and non-Muslims. Furthermore, it discusses the need to establish a government backed Halal regulatory authority to gain product advantages such as Halal food, Halal pharmaceuticals and cosmetics