This research report discusses the rise of the halal industry in correlation to the Islamic economy, its revival in recent years, and its international significance focusing on exploring the scope of Halal economic research in Japan. The term “halal” is a central concept in Islamic law, meaning “permissible,” “lawful,” and “good.” Since the Islamic revival in the mid-20th century, the Halal market, covering food, pharmaceuticals, cosmetics, and tourism, has rapidly expanded. Now, itʼs the secondlargest sector in the Islamic world, trailing only Islamic finance. This growth is attributed to expanding international trade, rising global tourism, and Malaysiaʼs promotion of the halal industry. However, research focused on the rise of the Halal industry has not kept pace with that on the rise of Islamic finance. The gap this research is trying to fill focuses on a comprehensive understanding of the unique socioeconomic characteristics of the Islamic economy, giving special attention to the “Halal Economy” concept that Malaysia is launching in the 2020s. This concept aims to expand the scope of Halal to all economic activities, including digital activities, and to renew the theory of the Islamic economy.
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