Increasing the Resilience of the Food Systems
In Islamic States in Face of Future Food Crises
136
Table 72: OIC Imports by Category, 2017
Sector Total Exports to OIC Countries ($, billions)
Food and Beverage $193.68
Clothing and Apparel $2.73
Media $5.00
Pharma $35.00
Cosmetics $13.33
Total $245.16
Source: State of the Global Islamic Economy Report 2018/2019
Among OIC countries, Malaysia and the UAE have sought to actively address the Halal trade
opportunity, anticipating important gains in GDP and exports and establishing an important
roadmap for other OIC members to follow.
Table 73: Halal Product Strategies for Select Countries, 2017
Country
Description and
Objectives
Outcomes
Malaysia Led by the Halal
Development
Corporation, the
overarching objective is
to develop Malaysia’s
Halal industry to
contribute to the
country’s economy and
transform Malaysia into a
global Halal hub
The first country in the world to develop a comprehensive
Halal strategy, with Malaysia positioned as a leader in the
development of halal standards and assurance. Malaysia’s
world leading Islamic economy ecosystem has been globally
recognized; the country consistently ranked first in the Global
Islamic Economy Indicator in the annual State of the Global
Islamic Economy rankings since its inception in 2014.535
Malaysia has developed an ecosystem of 21 Halal Parks,
attracting $2 billion in investment, and attracting 18
multinational corporations, including leading food producers
Nestle and Cargill.536
UAE The main objective is to
establish the Islamic
economy as a key pillar of
Dubai’s economy, the
initiative aimed to
contribute to diversifying
the robust UAE economy
through a vibrant new
sector that would
transformDubai into the
global capital of Islamic
economy.
The Islamic Economy contributed a substantial 8.3% of the
UAE’s GDP, with the halal industry accounting for 94.5% of
domestic trade in 2017537.
The UAE has consistently been ranked second in the Global
Islamic Economy Annual Indicator.538
The DIEDC has been integral to the development of a robust
Islamic economy, undertaking 32 initiatives including
establishing a halal manufacturing hub with investment
commitment from China and working with various government
departments and free zones to promote individual sectors.
535 “State of the Global Islamic Economy Report.” Annual report. DinarStandard.
536 “Halal Parks and Halal Incentives InMalaysia.” 2015.
PARKS.pdf.
537 “Islamic economy generates 8.3% of Dubai’s GDP.” Gulf News. May 15, 2018.
.
538 “State of the Global Islamic Economy Report.” Annual report. DinarStandard.