Implementing Halal Principles and Regulations in Business Governance
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Implementing Halal principles and regulations in business governance is essential for companies seeking to operate ethically within Muslim-majority markets or cater to Muslim consumers globally. Halal refers not only to food and beverage products but extends to finance, pharmaceuticals, cosmetics, and even digital services. For businesses, adhering to Halal principles ensures their products, services, and operations align with Shariah law, which emphasizes ethical behavior, transparency, fairness, and social responsibility. In practice, this may require developing specific governance framework...
Implementing Halal principles and regulations in business governance is essential for companies seeking to operate ethically within Muslim-majority markets or cater to Muslim consumers globally. Halal refers not only to food and beverage products but extends to finance, pharmaceuticals, cosmetics, and even digital services. For businesses, adhering to Halal principles ensures their products, services, and operations align with Shariah law, which emphasizes ethical behavior, transparency, fairness, and social responsibility. In practice, this may require developing specific governance frameworks that oversee compliance with Halal standards, engaging qualified Halal certification bodies, and implementing rigorous internal controls to ensure product integrity. This could also drive innovation in new markets, as it enhances consumer trust and loyalty, while providing a competitive advantage. As global interest in Halal goods and services grows, businesses must meet the regulatory requirements while fostering a culture of ethical business practices that resonate with diverse consumer groups, ensuring compliance, credibility, and long-term sustainability. Implementing Halal Principles and Regulations in Business Governance explores the integration of Halal principles in business practices, production, and services. It examines policies and regulations in business to ensure Halal compliance in global businesses. This book covers topics such as business production, biochemistry, and Islamic finance, and is a useful resource for business owners, economists, policymakers, government officials, academicians, researchers, and data scientists.
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