Theme and Sessions


AGENDA & FORMAT

Session 1: Halal Economy: A New Global Market and Economic Growth Paradigm

This session will feature key presentations and discussions with specific focus on:

  • Introduction to Halal Economy
  • The Global Halal Market Potential
  • Facts and Figures of the Global Halal Market
  • Sectors and Drivers of the Global Halal Economy
  • Investment Potentials
  • Integrity and Standards

Session 2: Issues, Trends and Challenges in the Development of Halal Economy

The Halal economy has become well-inserted into the international development agenda over the last two decades. It is widely recognised that Halal economy can foster income generation, job creation and export earnings, while also promoting social and financial inclusion as well as human development. This session looks at the issues, trends and challenges in the development of Halal economy with specific focus on Africa.
In this context, this session will feature presentations and discussions that would address the following questions:

  • What are the major global issues, trends and challenges in the development of the Halal economy?
  • What are the areas of common interest and mutual relevance in Halal economy for Africa and the International Community?
  • What opportunities exist for Governments, entrepreneurs and innovative companies in the Halal Economy?

Session 3: Policy Strategies for the Halal Economy: Innovative Approaches from the GCC, Asia and Europe
This Session will discuss policy strategies for developing and/or strengthening the Halal Economy in Africa. Increasingly, governments at all levels in Africa are formulating specific policies and strategic actions aimed at economic diversification and transformation, while also exploring possibilities for international co-operation and strategic alliances. In line with the multi-dimensional nature of Halal economy, such policies regularly embrace aspects of economic and social policy, while also including linkages to agro-food processing, Halal Parks, tourism, urban development (particularly the notion of the ‘Human Smart city’), education, training, cultural diversification and intellectual property rights.
In this context, this session will address the following questions:

  • What are some of the national/local approaches and models being explored in the Gulf Countries, Asia and Europe?
  • Are there any innovative policy measures and good practices in the Gulf Countries, Asia and Europe that could serve as inspiration, particularly in addressing urgent development challenges in Africa?
  • How will the gaps between policy making and policy implementation be addressed?
  • How can we re-read notions of Halal industries and link them to innovative development thinking in Africa?

Session 4: Africa’s Halal Economy: The Role of Tertiary Institutions

This Session attempts to explore the major roles tertiary institutions can play in the Halal economy in identifying and growing talent and skills as well as providing a steady flow of workers into the Halal economy.
In this context, this session will feature presentations and discussions that address the following questions:

  • How can we work together to support a programme of incubation spaces for young entrepreneurs and to address skills and other gaps in the ladder of opportunity for talented Africans?
  • Is it possible for tertiary learning institutions to work closely with enterprise agencies, and governments to ensure that investment decisions reflect opportunities for economic growth, business expansion and job creation?
  • Is there significant scope for Halal industries and businesses, tertiary institutions and other partners to come together to identify practical ways in which the Halal economy sector can be developed on the foundations of growth to the benefit of African economies and society?
  • What can be done to develop the role of Higher learning Institutions as providers of rich resource of research and innovation for Africa’s Halal economy?

Session 5: Halal Economy – An Emerging Potential for Global Islamic Finance

This Session takes a critical look at the relationship between the Halal economy and the Islamic finance industry. Even though, they are natural economic partners, they are far from fulfilling their combined potential for a holistic Halal economy.
In this context, this session will feature presentations and discussions that address the following questions:

  • Can Islamic finance capitalise on the rapid growth of halal industries, such as food, clothing, finance and tourism, to ensure end-to-end Shari’ah compliance in halal operations in Africa?
  • What are the opportunities that exist in the provision of Islamic funding options for trade financing, working capital, raw materials, asset financing, as well as raising capital to fund Halal commercial industrial projects?
  • What opportunities exist for other non-banking solutions like Shari’ah-compliant crowd-funding, venture capital financing and private equity funding in Halal economy?
  • What can be done to enhance the nascent Nigeria’s Islamic capital market infrastructure and processes, as well as to strengthen the regulatory framework?

Session 6: Global Halal Export Market Entry Strategies

The spread of Islam, particularly in Africa and Asia, owes much to trade and while the progress took hundreds of years, the effects are still felt till today. Trading has certainly evolved throughout the centuries, although these days, the free flowing nature of trade has become complex requiring strategic knowledge of the markets and international trade regulations. This session will discuss the entry strategies of countries and companies contemplating to enter the Global Halal export market.

  • Which markets to enter?
  • When and how to enter these markets?
  • What is the scale of entry?
  • Which is the best mode of entry?
  • How do we meet International Halal Standards and Certification requirements?
  • How do we establish and promote cross-border industry collaborations and partnerships within the Halal eco-system?
  • How do we leverage online media and technologies to reach Global Markets

EXPECTED OUTPUTS

A Declaration to be known as the Kano Declaration on Halal Economy is expected to be issued at the end of the Forum, which would among other things, call upon governments, the private sector, civil society, and international organizations to adopt the stated declarations in an effort to construct a Halal economy in Africa. Additionally, a summary report of the Forum would propose a plan of action to be conducted with the support of the Islamic Development Bank and relevant International agencies, as well as the establishment of an institutional mechanism to coordinate the construction of a solid basis for enhancing the potential of Halal economy and to facilitate concerted policy actions both across and within countries in Africa.