StatCounter

Wednesday, March 04, 2020

Seeking accountability and transparency: Is it time for global oversight of halal certification bodies?

Salaam Gateway

Halal certification is big business. According to the Dubai-based International Halal Accreditation Forum (IHAF), the cost of certifying halal products is set to reach $1 billion by 2025. With demand for certification on the rise as the Islamic economy expands its offerings, from halal food to pharmaceuticals, cosmetics, and tourism, there is a need for halal certification bodies (HCBs) to be enablers of such an expanding market.

However, critics say the dominant HCB model is hindering rather than advancing the halal ecosystem, being driven by profit rather than consumer well-being and Islamic ethics, while in certain countries there are certification monopolies that are driving out competition in the sector.
Scandals have also emerged of certifiers and regulators refusing or delaying certification unless back-handers are paid.

“The majority of HCBs globally are for-profit and privately limited entities. That is a problem because there isn’t any accountability and transparency, unlike with, say, a publicly-listed company,” Moulana Navlakhi, Theological Director of the South African National Halaal Authority (SANHA), told Salaam Gateway.

To read the rest go to: https://www.salaamgateway.com/story/seeking-accountability-and-transparency-is-it-time-for-global-oversight-of-halal-certification-bodie

2 comments:

financialserviceoffer said...

Do you need Finance? Are you looking for Finance? Are you looking for finance to enlarge your business? We help individuals and companies to obtain finance for business expanding and to setup a new business ranging any amount. Get finance at affordable interest rate of 3%, Do you need this finance for business and to clear your bills? Then send us an email now for more information contact us now via financialserviceoffer876@gmail.com whats-App +918929509036 Dr James Eric Finance Pvt Ltd Thank

Samuel said...

My name is Samuel, I was in love with my wife and we were married for eight years with a son his is Liam,I loved my wife so much she had access to all my bank account and even my cash app which my accountant agreed to and said it was a great idea, then it took my wife and my accountant two month to get hold of all my properties,all accounts but I had a cash app which they knew nothing about,I was thrown out of my own house was sleeping in a hotel for weeks she also took possession of my son could only see him once a week then I found out she was in love with my accountant all these while so I went online and I came across a Russian private investigator who help me get all my properties and my accounts back even my company back how he did these I don’t know but I gave all the information he asked for and followed all his instructions and now I’m happy my life’s better now.
Thanks to premiumhackservices@gmail.com
I just said I should share my own story here
Thank you