On 1 April the Chamber of Commerce and Industry of the Russian Federation held a roundtable session organized by the Russian Muftis Council and devoted to prospects of the halal market development.
Alexander Borisov, representative of the Russian CCI, said that the modern market was rather saturated, which led to development of its certain segments, including production of confessional goods.
The biggest international exhibition, Moscow Halal Expo, plays an important role in the halal industry development. The roundtable participants discussed its five-year progress and the problems of different sectors of halal production, including rental price growth, issues related to entering the global market and caused by distrust of some distributors.
However, the experts of financial companies expressed confidence in the growth potential of the Russian halal market and development of this sector’s Islamic financing.
The speech of the Malaysian ambassador, Dato Zainol Abidin Omar, was an important point. He spoke about the system approach to the halal industry development that was implemented in his country and involved state support, research work and conducting MIHAS — the most large-scale exhibition for halal products in the world. Madina Kalimullina, director of Moscow Halal Expo, mentioned that Russia was going to send a delegation to this event, and in return, was expecting active participation of Malaysian producers in the Moscow exhibition.
At the end of the session its participants shared ideas regarding development of the halal goods market and the Moscow Halal Expo exhibition.