Dr. Fereydoun Rahnamay Roudposhti, a member of the board of directors of the Iranian Association of Islamic Finance said the growing Muslim population, economic growth and development in Muslim countries and the emergence of potential halal markets are influential factors in the growth of halal industry in the world.

He stated 24% of the world's consumers are Muslims, and this significant capacity is due to having a suitable range in different continents and various geographies, so it makes it possible to achieve halal market.

He said that the impact of holding national and international exhibitions in the development of halal exports is important, mentioning holding and participating in international exhibitions lead to attracting new markets for halal products, business opportunities for halal producers, entering competitive global markets. Moreover, participation in international exhibitions in this field also provides the necessary platform to use the experience of competitors in global markets.

Dr. Rahnamay Roudposhti stressed that food, medicine and cosmetics are among the most important halal goods and the industry has found its place in the fields of tourism, transportation, sports and entertainment, media and culture.

He defined the new business paradigm in the form of a new scale of creating fair benefits and values ​​, going on to say that this paradigm, on the one hand, we have a triangle of continuous stability consisting of cost, efficiency and timely delivery and quality which is the continuation and survival of business. On the other hand, there is the halal triangle which is based on Sharia (based on the principles of sharia slaughter), health (based on the principles of health) and protection (based on the principles of respect for citizenship rights) ensuring business development.

He pointed to the activities carried out to institutionalize halal culture in the country, saying Halal Association of Iran (about to be established), Javaherdasht Avizheh Caspian Food Value Creator Company, Halal World Organization and specialized associations such as the Iranian Financial Engineering Association, the Data Envelopment Analysis Association and the Iranian Management Accounting Association are among the drivers of the development of halal culture in the country, which are expected to be able to realize the potential of the halal industry.

Dr. Salehabadi, Chairman of the Iranian Association of Islamic Finance and CEO of the Export Development Bank, also stressed the importance and benefits of halal industry for the country, saying while the capital market in our country is based on physical activities and large industries such as steel and petrochemicals, leading food brands around the world, such as McDonald's easily generate billions of dollars using a name on the stock market and grow their business around the world by earning a share of branch profits, equipment and raw materials.

‘Entering the field of halal industry is a necessity for the country and efforts should be made to form halal collections in the country and develop it at the macro level, both in the import and export sectors. I believe that the country has the necessary capacities for development in this sector’ Salehabadi said.

He considered that achieving the goals in the field of halal industry requires the establishment of specialized organizations, stating such organizations should be formed within the country so that we can be present in the international arena with more power. At the end, he described the idea of ​​forming a halal association as a good start.