1,720,964 research outputs found
Global Halal industry: realities and opportunities
Full text linkThe global industry as a whole is estimated to worth around USD2.3 trillion (excluding Islamic finance) a year. It is now one of the fastest growing markets. The global market growth is estimated to reach at an annual rate of 20 percent per annum. The global halal market of 2.18 billion Muslims is no longer confined Muslims only. Similarly, the Halal industry is no longer confined to food and food-related products, but rather to include pharmaceuticals, cosmetics, health products, toiletries and medical devices as well as service sector components such as logistics, marketing, print and electronic media, packaging, branding, and financing. This paper attempts to examine the current realities of the global halal industry by observing factors determining such increasing demand for Halal industry, in addition to opportunities that are offered from on recent global development in the market. The word halal is rooted from an Arabic word which means ‘permissible’ or ‘lawful’ according to the Islamic rules and regulations. The concept of halal is not bound to food-related items only but to multiple other aspects such as products, which can be further categorized into various groups, for instance, cosmetics, self-care, health, tourism and services. A global survey discovered that the Muslims spend on food, beverages and lifestyles amounting to USD169 billion in 2016 and expected to increase to USD1763 to USD$6530 from 1993 to 2010. The findings show that there are three major factors driving the rapidly growing global halal market. First, sizable and growing Muslim population at 1.8 per cent per annum, Second, growing economic development and hence increasing purchasing power among the Muslim. Last, emergence of the potential halal market in non-Muslim nations but visible Muslim population. Nonetheless, numerous challenges confronting Halal industry players. These include the standardization of halal, lack of data, animal right, halal is not compulsory in many Muslim countries and others. As a way forward, industry players need to deepen knowledge and understanding of the Muslim market (pattern and behavior), regularly update data, and exploit untapped market niches as well as product sales and promotion
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
The CSR of Islamic banks and Halal businesses in the post Covid-19 pandemic era
Full text linkThis paper discusses the CSR activities of Islamic banks and Halal companies in this era. As the world begins to transition from the Covid-19 pandemic, there is a need for Islamic banks and Halal businesses to retrospect into what has been learned during this crisis and to understand that stakeholders are now more concerned about how businesses operate and contribute to the betterment of the community than ever before. To avoid running the risk of losing customers and employees, Islamic banks and Halal companies must genuinely make large efforts to further their CSR initiatives by committing and promoting the greater good in society. The CSR sphere in post-Covid-19 must minimise, if not eliminate, the existential threat of the widening gap between the haves and have nots created by the Covid-19 outbreak. To this end, the researchers intend to identify and expose Islamic banks and Halal companies to various CSR activities that could help enhance their reputation, gain a competitive edge, achieve cost savings and operational efficiency, reinforce their credibility among Halal consumers and communities, manage their regulatory compliance and mitigate associated risks, and improve their long-term resilience and adaptability in this era. Specifically, the CSR activities covered in this study include commitment to Halal best practices, Zakat and charitable donations, Halal economic responsibility, legal responsibility, environmental responsibility, employee welfare, and responsible dealing with clients. Following the discussion of these CSR activities, the implications, with respect to the practice and theory, of this study are explicated, and recommendation and limitations of this study are offered
Humanising economy: spirituality and sustainability for circular economy
No full textThis chapter discusses the concept of spirituality, spirituality in Islam and how it is significantly related to sustainability. A spiritually developed Muslim follows the do(s) and don’t(s) prescribed in Islam. Such practices of following halal and avoiding haram are referred to as adopting a halal lifestyle. Examples stated in the chapter show that the halal lifestyle develops a Muslim spiritually and significantly contributes toward sustainability. Additionally, the five objectives of Shariah are directly related to sustainability and sustainable development. In a nutshell, spirituality in Islam ensures sustainability in economic, social and environmental aspects of life while preserving the faith in religion
SMEs, Employment Generation, and Islamic Finance
Full text linkAlmost wherever the economy is growing, small and medium-sized businesses (SMEs) are the ones doing the heavy lifting. Who are these SMEs? How does the definition of SME differ across different countries? What are the contributions of SMEs in terms of employment and GDP? How can Islamic finance play a significant role in scaling up the business performance of SMEs and, subsequently, their contribution to employment and the economy? What are the issues and challenges faced by SMEs and Islamic finance that would resolve into greater employment generation? Addressing all these questions, this paper provides an overview of SMEs globally and their definitions in different countries as well as in Malaysia. Simultaneously, some issues and challenges are discussed. Furthermore, the paper presents Islamic finance as a better solution to the financial accessibility of SMEs in future economic activities. The paper thus attempts to illustrate a model or framework that would work well for SMEs to generate productive employment opportunities in their respective economies. To achieve the objectives of this paper, secondary data was used to present all the statistical figures and tables. For any generalizations, recommendations, or conclusions, an extensive review of literature from various sources was conducted
Halal Standards Globally: A Comparative Study of Unities and Diversities Among the Most Popular Halal Standards Globally
Full text linkThe global Muslim community, with its fastest-growing size, has made the global halal industry to become one of the fastest-growing markets in the world. The industry, as of 2018, with its significant annual growth rate, has a global market value of US$2.2 trillion. However, a number of inhibitors have slowed down the growth rate of the industry. One of the pressing issues within the halal industry is the lack of a universal halal standard. There are many halal standards that exist globally, and they vary from country to country. For example, Malaysian Standard, Halal standards by Standards and Metrology Institute for Islamic Countries (SMIIC), Halal Standard of Indonesia, United Arab Emirate (UAE), Brunei, Singapore, Pakistan, and others. Some of these standards are widely recognised and acknowledged by many countries across the world. Hundreds of Halal Certification Bodies (HCBs) of many countries are using these standards as reference for halal certification after getting recognised by the respective organization. Additionally, the number of applications by HCBs is increasing globally due to the rising demand for halal products and services. Most of these HCBs have received recognition from more than one accrediting bodies. This is because of the consumer trust and reliability on different standards. A lot of commonalities are observable amongst these standards because of the same primary source of Islamic law, i.e. Al-Quran and Al-Hadith. On the other hand, a significant gap or diversity is found in the implementation of the definition of halal and halal standards globally. Such diversity and differences in these standards have become a major obstacle of market entry by the industry players and Small and Medium Enterprises (SMEs) to expand their business. In this regard, a universal halal standard is crucial as the global halal industry targets the same consumers (Muslim population) to meet their faith-based needs. To address this issue, the foremost important step to be taken is to identify and realize the commonalities and differences among these halal standards globally. Simultaneously, it is also needed to know the factors of creating similarities and diversities. Such realization will enable the policymakers and Islamic scholars to come forward and work together to develop a universal halal standard globally. The objective of this paper is to critically analyse this matter by investigating the four most popular halal standards, which are the standards of SMIIC, Malaysia, Indonesia, and Singapore. To achieve the objective, this paper adopts the methodology of content analysis by reviewing the literature on halal standards globally. Additionally, the four most popular halal standards were investigated to realize the commonalities and differences. This study will be the first to compare the halal standard of SMIIC with other well-established halal standards globally. Interviewing Islamic scholars from different countries for respective standards was beyond the scope of the study because of time and other constraints
Variations on the Author
Full text link“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Full text linkWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Dispelling the Myths Behind First-author Citation Counts
Full text linkWe conducted a full-scale evaluative citation analysis study of scholars in the XML research field to explore just how different from each other author rankings resulting from different citation counting methods actually are, and to demonstrate the capability of emerging data and tools on the Web in supporting more realistic citation counting methods. Our results contest some common arguments for the continued
use of first-author citation counts in the evaluation of scholars, such as high correlations between author rankings by first-author citation counts and other citation
counting methods, and high costs of using more realistic citation counting methods that are not well-supported by the ISI databases. It is argued that increasingly available digital full text research papers make it possible for citation analysis studies to go beyond what the ISI databases have directly supported and to employ more
sophisticated methods
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