In the competitive globalized market, risk management is an important aspect of the supply chain, but it becomes crucial to the management of a faith-based supply chain. The halal supply chain is an emerging research era at an early stage. To retain the halalness from procurement to end customer, this research was aimed to identify and prioritize the important risk elements for managing the HSC. For this purpose, a literature review was studied, 42 risk factors, classified into seven dimensions, were categorized with the expert’s opinion. A fuzzy best–worst method was proposed to analyze and prioritize the risk elements. The results indicated production-related risks are highly significant and sustainability-related risks are the least important among risk elements in the Halal supply chain. This research makes a major contribution by compiling a detailed list of risks associated with Halal supply chain management. It may also assist the manager in mitigations of risks for the Halal supply chain on a priority basis.