The foundation of the halal economy

Mhd. Sarif, Suhaimi (2026) The foundation of the halal economy. In: Integration of ESG Principles in Halal Industry: Pathways for Sustainable Development. MKitchen IIUM, Kuala Lumpur, pp. 11-13. ISBN 978-629-92063-0-9

PDF - Published Version Restricted to Repository staff only Download (512kB) | Request a copy

Abstract

The concept of the Halal economy has gained significant global attention as nations, industries, and consumers increasingly recognize the ethical, sustainable, and moral dimensions of economic activity rooted in Islamic principles. The term Halal transcends its traditional association with food to encompass a comprehensive worldview that integrates spirituality, ethics, and sustainability into economic systems. This chapter lays the foundation for understanding the Halal economy by exploring its definition, guiding principles, philosophical roots in Tawhidic epistemology, and its relationship with global ethical frameworks such as Environmental, Social, and Governance (ESG) standards. The International Islamic University Malaysia (IIUM) has been instrumental in promoting the intellectual development of the Halal economy through its mission of integrating Islamic values and knowledge in all spheres of life. In alignment with IIUM's vision to become a leading international centre of Islamic education, the Halal economy represents a model of development that embodies the principles of rahmatan lil-'alamin (mercy to all creation), adl (justice), and ihsan (excellence). It is an economic system designed to ensure ethical prosperity that harmonizes material well-being with spiritual fulfilment.

Item Type:	Book Chapter
Uncontrolled Keywords:	Halal economy; Sustainability; ESG
Subjects:	BPH Islamic Economics > BPH111.4 Halal issues. Fatawa BPH Islamic Economics > BPH117.5 Halal Education, Halal Training BPH Islamic Economics > BPH830.3 Social systems. Urban groups. Cities and towns. Sustainable urban development H Social Sciences > HF Commerce > HF5001 Business. Business Administration > HF5387 Business ethics
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Business Administration Kulliyyah of Economics and Management Sciences
Depositing User:	Dr Suhaimi Mhd Sarif
Date Deposited:	15 Apr 2026 14:54
Last Modified:	15 Apr 2026 14:54
Queue Number:	2026-04-Q2820
URI:	http://irep.iium.edu.my/id/eprint/128291

Actions (login required)

View Item