Halal Life Style And Global Trade
Tridjoko Wisnu Murti(1*)
(1) Universitas Gadjah Mada
(*) Corresponding Author
Abstract
Muslim consumers are very closed to halal matters that related to animal and its followed products. The increasing population and purchasing power of worldwide Muslim’s, as well as its new modernization era reinforce the rising trend of halal lifestyle and Islamic or global trade. Syariah or law guided by God in Islam, will be practiced more and more as way of life. Halal lifestyle is seeing as new patterns for 1.6 billion Muslim population. A global market has to respond the distinctive need, preference and market orientation as well as it’s economies value and trade. The development of halal market: food and beverage, pharmaceuticals and cosmetics, finance, media and communication, fashion and garments, and travel, tourism, and recreation offer a really opportunity to support growth in the regions or countries despite of low global economic growth. The expenditures of Muslim’s for those sectors has been more and more increasing in the future due to some key drivers as: growing demography, growing Islamic economies, lifestyle and business practices and its focus on halal matter. Halal tourism included Syariah compliant hotel, which can be achieved more easily by poor Muslim countries, will be attractive to pull Muslim travelers with high power buying capacity lead to the growth of economy for some region or countries considered as Muslim or even halal friendly destination.
Keywords
Muslim Population growth, Distinct Lifestyle, Halal sectors, Islamic Trade.
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