Posted by EngineeringProfit > 14 hours ago | Report Abuse

Enforcing compulsory halal certification across the board could inadvertently foster a monopolistic structure, undermining both economic justice and societal harmony, both of which are fundamental to Islamic teachings.

Be the first to like this.

3 comment(s). Last comment by EngineeringProfit 14 hours ago

Posted by EngineeringProfit > 14 hours ago | Report Abuse

Islamic jurisprudence opposes monopolistic practices as they distort markets and harm consumers. The Prophet condemned monopolies, emphasizing that they create economic imbalances by driving up prices and limiting access to resources. Compulsory certification could create a monopolistic environment where a single authority controls the standard, thus violating this principle.

Posted by EngineeringProfit > 14 hours ago | Report Abuse

DOING MORE HARM THAN GOOD: Social Fragmentation and Coercion: Compulsory halal certification for all eateries could alienate non-Muslim business owners and create unnecessary division in a pluralistic society like Malaysia. Islam promotes harmonious co-existence and respect for diversity. Imposing a blanket requirement may be viewed as coercive, potentially straining social unity.

Posted by EngineeringProfit > 14 hours ago | Report Abuse

Market Domination and Exploitation: In a monopolistic environment, the controlling entity can set higher fees or engage in exploitative practices. This contradicts the Islamic principles of justice, fairness in trade, and the prohibition of exploitation, such as gharar (uncertainty) and riba (unjust gains).

Post a Comment
Market Buzz