In a discussion during the 6th Philippine National Halal Conference centered around advancing the Philippine Halal sector, industry leaders revealed that enterprise development and institutional capacity building are crucial factors that drive the Philippine Halal Industry forward.
The session titled “Enterprise Development and Institutional Capacity Building: Key Drivers for the Philippine Halal Industry” convened leaders in the Halal industry including Executive Hadi Hamzah, Chief Commercial officer, Halal Development corporation, Ms. Rakima Solaiman, Bureau of Muslim Economic Affairs, NCMF, Dr. Murad Doud, MDN Corporation, and Director Dimnatang M. Radia, DTI – Halal Task Force, Office of the Secretary.
These industry experts explored crucial facets of advancing the Philippine Halal sector where they delved into the pivotal role of enterprise development, examining strategies to enhance businesses within the Halal ecosystem.
Additionally, the discussion addressed the importance of institutional capacity building, emphasizing how strengthening organizational frameworks can foster sustainable growth and resilience. Through engaging dialogue and expert insights, the panel illuminated pathways for advancing the Philippine Halal industry, emphasizing the interconnectedness of enterprise development and institutional capacity building as key drivers for its success
Enterprise development in the Philippines’ Halal industry involves fostering businesses that adhere to Halal standards, creating products acceptable to Muslim consumers. Institutional capacity building supports this by enhancing organizations’ abilities to regulate, certify, and promote Halal practices, boosting industry credibility and competitiveness. Together, these efforts contribute to economic growth, job creation, and increased participation in the global Halal market, benefiting both the industry and the country.
This panel discussion was part of the Invest Philippines Week: Philippine Halal Economy Festival, with the theme “Digital Horizons: Navigating the Global Halal Economy with the Philippine Halal Champions.” For the sixth year, it gathered domestic and international investors together to engage with the government and private sector, aiming to create new business partnerships and investments in the country’s halal industry.
