@Halal March/April 2023 | Page 24

World Islamic Trade Festival and World Halal Day focused on accelerating trillion-dollar economy

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Event

@ Halal | MARCH-APRIL . 2023

Madinah to host inaugural twin events

World Islamic Trade Festival and World Halal Day focused on accelerating trillion-dollar economy

THE Madinah Institute for Leadership and Entrepreneurship and United World Halal Development , Singapore , recently announced a strategic partnership to develop Madinah as an integrated trade and investment hub for GCC and 57 OIC countries through its upcoming global mega event World Islamic Trade Festival & World Halal Day themed “ Accelerating Trillion-Dollar Economy ”.

The global halal market is estimated to be worth US $ 6.3 trillion , increasing by US $ 20 billion annually and expected to reach US $ 8.7 trillion by 2025 . The three-day event will discuss strategies , innovations , and ideas that can propel the world economy to hit the trillion-dollar mark .
With more than 50 + speakers from diverse sectors , the summit will showcase the latest trends , emerging technologies , and best practices to help businesses grow and thrive in halal economies .
The event ’ s agenda includes a range of
WORLD HALAL DAY
sessions covering key topics such as digital transformation , sustainable development , policy-making & entrepreneurship . It will also feature networking events and exhibitions showcasing cutting-edge business .
This multi-event festival will be held in Madinah for the first time in Saudi Arabia from Dec 10-12 , 2023 . It will include specialised events such as Trade Expo , Conference , Investor Meet , Shopping Festival , International Food Festival , and Award Show to attract global investors , top business leaders , policymakers , economists , representatives of international organisations , public authorities , financial institutions , embassies , parliamentarians , top management of KSA & foreign companies , traders , manufacturers , entrepreneurs , and industrialists from around the world .
“ The world economy is changing rapidly , and we need to adapt and innovate to stay ahead of the game ,” said Mohamed Jinna , Chairman of United World Halal Development , Singapore .
“ Our summit will provide a unique platform for thought leaders and decision-makers to share their insights and experiences and to explore new opportunities for growth and development .”
Dr Ibrahim J . Alharthi , CEO of Madinah Institute for Leadership and Entrepreneurship , said they were excited to host this prestigious event in Madinah , a hub for innovation , creativity , and entrepreneurship .
“ We believe that the event will not only benefit our local economy but will also contribute to the global effort to create a better future for all .”
FOUR PRIME BENCHMARKS AND PILLARS OF STRENGTH
• Food for all : To uphold the rights of every living individual a quality , hygienic , healthy food to lead a productive and healthier life .
• United against hunger : To eradicate hunger and hunger deaths across the globe by balancing the food excesses and deficits by uniting all the Nations .
• Preserve nature : To ensure the livelihood and safety of the natural resources and fellow human beings .
• One-person community : To build a community regardless of race , religion , or creed and cast on a common necessity called “ halal food ”.
ENVIRONMENTAL
• Natural resources : Looking after natural resources makes poorer communities more resilient . Forests , for example , can protect agricultural land and villages from soil erosion and flooding . Mangrove swamps protect from storm surges and coastal erosion . Sustainable management of agricultural land provides food for people to eat and sell .
• Revenues and deprives : People experiencing poverty are less resilient to natural or artificial disasters , including climate change . Conflict over natural resources threatens their development – illegal logging , for example , robs governments of revenues and deprives local communities of forest resources .
THIRD IMPORTANT BENCHMARK TO HAVE WORLD HALAL DAY
The realisation of one Global , Fraternity of One World , One community
• Personal development of character and moral values : Basic character development in the home based on parental care and the inculcation of good moral values and culture .
• Encouragement of intercultural communication : Multicultural communication and encouragement of understanding and appreciation of other cultural values . This is where the fusion of cultures should be encouraged , such as through bilingualism and combining cultural environments .
• Understanding and accepting common values in harmony : We wish to complement our national efforts towards racial peace by looking at the roots and identifying commonly accepted values that lead to or are connected with harmony .
CHARACTER AND MORAL VALUES
A good family which nurtures and teaches positive values in their children will help character development in the home . Moral values are a product of the community ’ s mores - understanding and acceptance of universal values in harmony . We made great strides towards racial harmony , encouraging harmony in circles and through social activities .
We wish to complement this good cause by identifying commonly accepted values throughout communities that are the key to harmony . Respect for other cultures requires understanding and respecting that community ’ s values . As an example of universal values , all religions and cultures interpret the
Intercultural Communication
Education
concept of love and care in their way .
The concept of love through understanding using one ’ s religious and cultural background must be universally acceptable . Effective communication between cultures requires exceptional knowledge , encompassing values fair to all cultures .
INTERCULTURAL COMMUNICATION
In the case where one community ’ s values differ from another , then tolerance and respect are required . Communication , understanding and appreciation of other cultural values and the fusion of cultures should be encouraged .
Sharing this one world between and within communities , with respect , tolerance and love , are keys to unity , peace and harmony , through which misunderstanding and fear are eliminated .
There can never be harmony between communities if individual religious or cultural values of one community are imposed on another . In other words , tolerance , respect and understanding must be universal values .
EDUCATION
Our value systems have focused so much on subjects necessary for survival and prosperity that the spiritual dimension has lagged . While many elements of character building , such as discipline and family values , are embodied in our school systems , material that teaches students how to live exemplary good lives has been lacking .
Religious education is a necessary part of a young person ’ s development . The task is usually left to the parents or religious organisations in a plural society . There is a need for a universal values education ( on a national and international level ) where children are taught from an early age the universal values of all religions through fables and stories .