Livestock processing would hardly seem like a growth industry. Most would categorize it as a defensive investment. But some companies would argue differently as they aim to tap markets across the Islamic world. As an example, Mindanao-based Maharlika Agro-Marine Ventures was recently awarded halal certification by the Dubai government, effectively providing access to a broad swath of the Middle East from its base in the Philippines. One of the company’s core products is Peking duck. While some would argue that ethnically-prepared poultry is a poor cultural fit for the Arab market, those critics likely have not been to a Chinese restaurant in Riyadh on a Thursday night. Western companies—and investors—may not be attuned to these non-traditional developments, embracing so-called South-South trade, cultural demonstration, and middle-class income growth. ■
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Image: Roasted duck is popular across Asia. Credit: Photosoup at Can Stock Photo.
As a complement to this blog post, we offer suggestions for further reading. Industry practioners and academic experts provide context for our business priorities.
The Qur'an and the Bible is an academic work, primarily aimed at those scholars who pursue critical interpretation of religious texts. While an exegetical study may sound too severe for lay readers, the selection is highly-relevant to those looking to untangle the many strands of monotheism as part of their own journey of faith. One common problem with comparison studies is that they take a Muslim view of the Bible or a Christian view of the Qur'an. This highly-learned, highly-readable material roots its analysis in a cultural and historical perspective, avoiding an overt theological bias that might other derail analysis. Our enthusiasm for the book in part sprouts from the array of insight into these primary religious texts that is drawn from collateral documentation. At about one-thousand pages, this monumental volume is a smorgasboard of insight to be savored over time; it makes a fresh contribution to the essential underpinnings of an interfaith dialogue.
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Halal Food goes well beyond issues associated with ritual slaughter, focusing on ethical and health concerns, among other important points. Many books on this subject are meal-preparation guides. This material is a socio-economic journey across the Muslim world.
We recommend this work because it provides useful insight on why halal products are common in global markets, irrespective of faith affinity. For the businessman, it clarifies why the halal market is so dynamic and why the largest enterprises align with this consumer segment.
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