A New Chapter of the Indonesian Sharia Economy and Finance

How is it possible for a country with a minority Muslim population to control the world halal food market?

In August 2014, the global food industry and global capital markets turned their attention to Brazil following the announcement of the acquisition of one of the largest halal food distributors in Kuwait by BRF for US$160 million.

BRF is a Brazilian company, one of the largest food producers in the world. The acquisition was part of the Brazilian company’s strategy to further strengthen its position as the leading halal food producer in the Middle East. A few days later, BRF also inaugurated its largest halal food factory in the United Arab Emirates. The business maneuvers paved the way for BRF and Brazil to maintain their position as superpowers in the world halal food market. According to the Global Islamic Economy Report, in 2019 the value of Brazilian halal food and beverage exports reached a total of $5.5 billion, the largest in the world, followed by Australia with $2.4 billion.