This final paper is based on exploring the potential of establishing a company which would provide halal certification. Abundant information concerning halal industry and halal business has been gathered and studied. Information used in this final paper was primarily obtained from the Halal Certification Center, through an interview with Mr. Nedin Omerović (education office), and the European Uniondatabase. Mr. Omerović explained the procedure for issuing certificates, the number of required personnel and their functions and how the business should be run. Thanks to the numerous studies carried out by the European Union and other agencies, the halal trend is currently a growing trend worldwide. There is a high demand for halal products and services that are nearly non-existent in proportion to demand. The potential of the halal market in Croatia and Bosnia and Herzegovina was also explored, which focused on the establishing of a company that would provide halal certification services. There is also an opportunity for domestic producers to acquire halal certificates for their products which would help them to enter the Islamic markets. A complete financial analysis was carried out in the case of the establishment of business for the provision of halal certification services. It was also established that there is a possibility of achieving high profits, if everything related to the business would be conducted in a highly professional manner. Furthermore, All the necessary information regarding the possibilities of obtaining financing grants by the European Union and the Republic of Croatia was analyzed. Potential recommendations for entrepreneurs starting a halal business were also presented, halal certification training, establishing relations with Islamic community and domestic food producers.