Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 1 minute ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
IHAF raises awareness about Halal cosmetics
March 16, 2017
 Print    Send to Friend

Dubai: With a market size of Dhs205.5 billion ($56 billion), Halal cosmetics is no longer seen as a trend but a key component of people’s lifestyles; hence the need to protect the public has become a primary agenda of top consumer countries, according to the head of the International Halal Accreditation Forum (IHAF) General Secretariat Office based in the UAE.

Mohammed Saleh Badri, Secretary General of the International Halal Accreditation Forum, said: “Consumer awareness and preference for Halal cosmetics is stronger now more than ever. People have become more diligent in scrutinising the ingredients of the products they use. This is highly evident in the latest statistics generated in a study of the Global Islamic Economy.”

The most recent State of Global Islamic Economy (SGIE) Report estimated Muslim expenditure on Halal cosmetics at Dhs205.5 billion ($56 billion) in a year, accounting for a 7 per cent share in the global cosmetics market.

“Along with the clamour for Halal products, comes the pressing need to establish a universal system of identifying which products are genuinely Halal. Therefore it is not surprising that top consumer markets are seeing the value of taking part in IHAF’s standardisation initiatives,” Badri said.

India, the primary Muslim consumer cosmetics expenditure market at AED17.2 billion ($4.7 billion), is now a member of IHAF. Russia, which places second at Dhs12.8 billion ($3.5 billion), is communicating with IHAF and is expected to join soon.

Indonesia, Turkey, and Malaysia are included in the top five markets with the highest Muslim consumer cosmetics expenditure, having a total market size of Dhs33.8 billion ($9.2 billion).

IHAF, an international organisation based in the UAE, has become fully functional following its General Assembly meeting last year and has 20 members on board, representing 23 countries from several continents.

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
Dubai, Italy to develop ties in water and electricity sector
DUBAI: A high-level Italian delegation led by Italian Vice-Minister of Foreign Affairs and International Cooperation, Manlio Di Stefano, has explored ways to build closer..
BBME to be crucial for key industry players
DUBAI: Breakbulk Middle East (BBME) 2019, a yearly conference of top industry leaders and experts from around the world, will be reiterating its goal of enhancing economi..
Dubai Exports promotes UAE products in African countries
DUBAI: Dubai Exports, the export promotion agency of the Department of Economic Development (DED) in Dubai, recently participated in a series of events in Egypt, Ivory Co..
Dubai Tourism launches ‘Only in Dubai’ for unforgettable experience of tourists
Dubai: The Department of Tourism & Commerce Marketing of Dubai (Dubai Tourism) is rolling out a set of initiatives to deliver end-to-end “Only in Dubai” experiences to en..
DDF set to enter another successful year
DUBAI: As the closing days of 2018 beckon, Dubai Duty Free can reflect on another busy and successful year that has seen a number of significant developments for the oper..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright