I don't see it that way. Halal and Kosher slaughter is death by bleeding out, exactly the same as a lung shot animal. IF we choose to condemn halal and kosher slaughter as cruel, then it is hypocritical to say it is OK for a hunted animal to die from a bullet that causes it to bleed to death.
Regardless of our justifications, the bottom line is that the cause of death is the same for a lung shot animal and an animal having it's jugular opened. A domestic animal is capable of suffering and feeling pain as much as any wild animal.
I don't like the Halal and Kosher slaughter technique, but it seems hypocritical to condemn them since most of my hunted game will also die from bleeding out. There may be better ways, but if halal and kosher slaughter is wrong, then hunting is so very close to the same thing that we are endangering it with the same breath.