THE FUTURE IS HALAAL EBRAHIM PATEL CEO Magellan
THE FUTURE IS HALAAL EBRAHIM PATEL CEO – Magellan Management Advisor – World Islamic Economic Forum Advisor – Zilzar SND Bhd President – Minara Chamber of Commerce Member – KZN Halaal Task Team
HALAAL IS A MYTH! Witchcraft Theological Warfare Funds Terrorism Take over the World Business Fad License to Make Money Education Marketing Ebrahim Patel
WHAT IS THE HALAAL INDUSTRY A global industry defined by a common specific set of values • Halaal certified products are recognized as hygienic and of good quality resulting in high demand even from those who are not Muslim • Multinationals around the world are already part of the Halaal trade and major hypermarkets globally sell Halaal products. • Halaal compliant improves quality standard and adds more value to the product. • Halaal Certified gives an international brand identity that is recognized and accepted throughout the world Ebrahim Patel
UNDERSTANDING THE MARKET Young Hip Family Values Assertive Identity $2 Trillion Spend on Food & Lifestyle High Disposable Income Ebrahim Patel
ITS HUGE BUT IS IT THE NEXT BIG THING? Food & Lifestyle Banking & Assets $2. 6 Trillion 2020 $1. 8 Trillion 2014 $1. 35 Trillion 2014 Ebrahim Patel
FUTURE TRENDS Google Trends Search #Halaal #Halal Ebrahim Patel
FOOD $650 Billion $1 585 Billion 2020 Double Income Ready to Eat Fine Foods Exotic Tastes $1 128 Billion 16. 5% $6 675 Billion Source: Global Islamic Economy Report 2015/2016 Ebrahim Patel
FASHION High Fashion Labels Convergence of High Fashion with Modest Wear Emergent Muslim FEMALE Designers Modest Fashionistas $230 Billion 2015 Spend $327 Billion 2019 Spend Source: Global Islamic Economy Report 2015/2016 $20 Billion Online Purchases Ebrahim Patel
TOURISM High Spend Power New Destinations Family Oriented Cultural $235 Billion 2020 $142 Billion 2014 17. 7% $1 304 Billion Source: Dinar. Standard Russia $51. 6 UK $68. 5 Germany $98. 9 China $121. 8 USA $131. 8 Global Muslim $142 Ebrahim Patel
HEALTHCARE Pharmaceuticals Nutriceuticals Cosmetics Vaccines Hospitals Pharma $82 Billion Cosmetics $20 Billion Source: Future. Markets Insight 2016 Halaal Vaccine Market $1. 1 billion by 2030 $102 BILLION $146 BILLION Global $1 118 BILLION Ebrahim Patel
WHATS THE FUTURE MEDIA & ENTERTAINMENT Dedicated Islamic Themed Broadcast Media United Kingdom 8 Channel $185 Billion 2014 Pakistan 7 Channels $ 301 Billion 2020 Singapore Best Developed Islamic Economy for Media Saudi Arabia 7 Channels Source: Dinar. Standard Germany $ 159 UK $ 178 Global Muslim $ 185 Music / Nasheeds Islamic Films Playgrounds Lifestyle Magazines Blogs South Africa 22 Print Publications, 8 Radio & 2 TV Japan $ 233 China $ 402 USA $ 1 043 Ebrahim Patel
WHATS THE FUTURE ONLINE PRESENCE THE NEXT WAVE • • • SME vs MNC CONVERGENCE BETWEEN ISLAMIC FINANCE & INDUSTRY ISLAMIC PE PACKAGING BRANDING Ebrahim Patel
THE ABSURD TAKING ADVANTAGE Ebrahim Patel
KZN HALAAL HUB Pre-Feasibility Study Completed Announced in DEDTEA Budget Speech Site Location Feasibility Integration with Industrial Districts, Agro-Processing Hubs and Dube Trade Port Durban – largest and Busiest Port in Africa Close Proximity to MENA & SE Asia Ebrahim Patel
THANK YOU THE FUTURE IS HALAAL DON’T MISS IT THANK YOU • • • EBRAHIM PATEL CEO – Magellan Management Advisor – World Islamic Economic Forum Advisor – Zilzar SND Bhd President – Minara Chamber of Commerce Member – KZN Halaal Task Team Ebrahim Patel
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