The Halal Industry in the Digital Age: How the Philippines and Malaysia Can Tap into a Growing Market
The halal industry is a fast-growing and lucrative sector that covers various products and services that comply with the Islamic principles and standards. According to a 2022 report by the International Islamic Trade Finance Corporation (ITFC), the global halal market size reached $2.6 trillion in 2020, and is expected to grow at a compound annual growth rate (CAGR) of 6.1% …