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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by EngineeringProfit > 10 hours ago | Report Abuse
Mandatory halal certification introduces additional administrative and financial burdens, especially for small businesses. These include costs associated with compliance, auditing, and documentation, which can strain resources and reduce competitiveness, particularly for businesses that do not primarily cater to Muslim consumers. By enforcing certification, the government may inadvertently limit the flexibility and autonomy that businesses need to operate efficiently in a diverse market. In contrast, a voluntary halal certification system would allow businesses to respond to market demand organically. Those that see value in obtaining halal certification—due to consumer preferences or market positioning—can do so without being forced. This market-driven approach encourages healthy competition and innovation, while avoiding the imposition of unnecessary costs on businesses that may not benefit from certification. Forcing compliance could also create operational inefficiencies, leading to higher prices for consumers and reducing the overall agility of businesses in adapting to changing market conditions. Thus, voluntary certification strikes a balance, supporting both the needs of relevant consumers and the sustainability of diverse business operations.