Halal risk management in the internet age / Ahmad Naqiyuddin Bakar, Harlina Suzana Jaafar & Nornadia Matulidi
This paper aims to evaluate the nature of halal risk management by focusing on the advent of online business. Globally, there is a growing trend of halal trading activities from inbound to outbound stages in a virtual marketplace utilising the advancement of online technology. With reference to MS...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Book Section |
| Language: | English |
| Published: |
UiTM Cawangan Johor
2019
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/36151/1/36151.pdf |
| _version_ | 1825738248309178368 |
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| author | Bakar, Ahmad Naqiyuddin Jaafar, Harlina Suzana Matulidi, Nornadia |
| author2 | Md Kassim, Fazdilah |
| author_facet | Md Kassim, Fazdilah Bakar, Ahmad Naqiyuddin Jaafar, Harlina Suzana Matulidi, Nornadia |
| author_sort | Bakar, Ahmad Naqiyuddin |
| collection | UITM |
| description | This paper aims to evaluate the nature of halal risk management by focusing on the advent of online business. Globally, there is a growing trend of halal trading
activities from inbound to outbound stages in a virtual marketplace utilising the advancement of online technology. With reference to MS 2400: 2010, an
organization must establish a Halalan-Toyyiban Risk Management Plan (HTRMP) following the principles outlined in the standard. This means, beside
Halal, the elements for Toyyib should also be considered during risk management, namely the physical, chemical and biological aspects. However, as the Halal items or services originated and processed from all parts of the world, the question of whether these products are genuinely Halal lingers in the minds of the Halal consumers especially among the Muslim communities. Thus, with
the complexity of the current world virtual trade scenario, we found the Halal consumers are bound to be skeptical on whether the particular items or products being traded are indeed produced in accordance with the Halal
principles and Shariah law or whether it can be construed as Halal when it has to undergo various interfaces in its entire cycle of logistics. The impact of the technology are heavily depend upon the awareness. And the relationship
between different stakeholders during the process is another main cause of the risks. |
| first_indexed | 2024-03-06T02:30:39Z |
| format | Book Section |
| id | oai:ir.uitm.edu.my:36151 |
| institution | Universiti Teknologi MARA |
| language | English |
| last_indexed | 2024-03-06T02:30:39Z |
| publishDate | 2019 |
| publisher | UiTM Cawangan Johor |
| record_format | dspace |
| spelling | oai:ir.uitm.edu.my:361512020-11-23T04:59:22Z https://ir.uitm.edu.my/id/eprint/36151/ Halal risk management in the internet age / Ahmad Naqiyuddin Bakar, Harlina Suzana Jaafar & Nornadia Matulidi Bakar, Ahmad Naqiyuddin Jaafar, Harlina Suzana Matulidi, Nornadia Risk management. Risk in industry. Operational risk Food industry and trade. Halal food industry. Certification This paper aims to evaluate the nature of halal risk management by focusing on the advent of online business. Globally, there is a growing trend of halal trading activities from inbound to outbound stages in a virtual marketplace utilising the advancement of online technology. With reference to MS 2400: 2010, an organization must establish a Halalan-Toyyiban Risk Management Plan (HTRMP) following the principles outlined in the standard. This means, beside Halal, the elements for Toyyib should also be considered during risk management, namely the physical, chemical and biological aspects. However, as the Halal items or services originated and processed from all parts of the world, the question of whether these products are genuinely Halal lingers in the minds of the Halal consumers especially among the Muslim communities. Thus, with the complexity of the current world virtual trade scenario, we found the Halal consumers are bound to be skeptical on whether the particular items or products being traded are indeed produced in accordance with the Halal principles and Shariah law or whether it can be construed as Halal when it has to undergo various interfaces in its entire cycle of logistics. The impact of the technology are heavily depend upon the awareness. And the relationship between different stakeholders during the process is another main cause of the risks. UiTM Cawangan Johor Md Kassim, Fazdilah Ratan Singh, Deepak Singh M Ramakrishnan, Kamalanathan Sumery, Zuraidah Sarijari, Haniza Mohd Yusof, Fairuz Husna Amat, Dia Widyawati Kamaludin, Puteri Nur Hidayah Daud, Derwina 2019 Book Section PeerReviewed text en https://ir.uitm.edu.my/id/eprint/36151/1/36151.pdf Halal risk management in the internet age / Ahmad Naqiyuddin Bakar, Harlina Suzana Jaafar & Nornadia Matulidi. (2019) In: The 6th International Accounting & Business Conference 2019. Secretariat of IABC 2019 . UiTM Cawangan Johor, Segamat, Johor, p. 26. IABC2019-003 IABC2019-003 |
| spellingShingle | Risk management. Risk in industry. Operational risk Food industry and trade. Halal food industry. Certification Bakar, Ahmad Naqiyuddin Jaafar, Harlina Suzana Matulidi, Nornadia Halal risk management in the internet age / Ahmad Naqiyuddin Bakar, Harlina Suzana Jaafar & Nornadia Matulidi |
| title | Halal risk management in the internet age / Ahmad Naqiyuddin Bakar, Harlina Suzana Jaafar & Nornadia Matulidi |
| title_full | Halal risk management in the internet age / Ahmad Naqiyuddin Bakar, Harlina Suzana Jaafar & Nornadia Matulidi |
| title_fullStr | Halal risk management in the internet age / Ahmad Naqiyuddin Bakar, Harlina Suzana Jaafar & Nornadia Matulidi |
| title_full_unstemmed | Halal risk management in the internet age / Ahmad Naqiyuddin Bakar, Harlina Suzana Jaafar & Nornadia Matulidi |
| title_short | Halal risk management in the internet age / Ahmad Naqiyuddin Bakar, Harlina Suzana Jaafar & Nornadia Matulidi |
| title_sort | halal risk management in the internet age ahmad naqiyuddin bakar harlina suzana jaafar nornadia matulidi |
| topic | Risk management. Risk in industry. Operational risk Food industry and trade. Halal food industry. Certification |
| url | https://ir.uitm.edu.my/id/eprint/36151/1/36151.pdf |
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