Halal Ethical Economy

This presentation makes the case for US and Canadian food companies to enter the global halal food market, walking through the size of the opportunity, the regulatory landscape that governs access, and a practical framework for evaluating and entering priority markets. It closes with an overview of DinarStandard's advisory support for companies pursuing this path.

The 12th edition of the State of the Global Islamic Economy Report (SGIE) 2025/26, produced by DinarStandard, examines the multi-trillion-dollar global Islamic economy across seven key sectors: halal food, pharmaceuticals, cosmetics, modest fashion, travel, media & recreation, and Islamic finance. This year’s report highlights a new growth phase shaped by halal economy sovereignty, Islamic finance expansion, and values-driven consumer behavior.

The Global Islamic Fintech Report 2025/26, now in its fifth consecutive edition, provides a data-driven assessment of the Islamic fintech sector, covering market growth, ecosystem competitiveness, industry perspectives, and profiles of 30 notable Islamic fintech companies globally. Co-produced by DinarStandard and Elipses, the report integrates market sizing analysis, country benchmarking through the Global Islamic Fintech (GIFT) Index, and stakeholder insights to support decision-making across policy, investment, and industry strategy.

The Thrive 2025 – North America Muslim Market Report, produced by DinarStandard in partnership with Muslimi and the American Muslim Consumer Consortium (AMCC), reveals a dynamic ecosystem of Muslim-led innovation transforming the U.S. and Canadian economies. From the surge of Yemeni-inspired coffeehouses like Qahwah House, Haraz, and Qamaria, to the rise of ethical consumer platforms such as Boycat and Zeteo, the report highlights how North American Muslim entrepreneurs are driving mainstream trends rooted in authenticity, ethics, and creativity.

The Halal Products Development Company (HPDC), in partnership with DinarStandard, has launched the Saudi Arabia’s Halal Market Opportunity Report 2024/2025. The report highlights how the Kingdom, building on its deep cultural and spiritual heritage and guided by Saudi Vision 2030, is uniquely positioned to lead the global halal product and lifestyle economy.

The 11th edition of the State of the Global Islamic Economy Report (SGIE) 2024/25—produced by DinarStandard, a US-based research and advisory firm, presents an in-depth analysis of the multi-trillion-dollar global Islamic economy across seven key sectors: halal food, pharmaceuticals, cosmetics, modest fashion, travel, media & recreation, and Islamic finance.

Consumer spending in global Islamic Economy sectors grew 9.5% YOY to US$2.29 trillion in 2022

Driven by one of the largest global Muslim populations, Nigeria has become the world’s eighth-largest domestic halal economy market....

With the theme “Unlocking Opportunity”, the ninth edition of the State of the Global Islamic Economy Report, focuses on post COVID-19 recovery as the report continues to cover the sectors of Islamic finance, halal food and beverages, halal cosmetics, halal pharmaceuticals, Muslim-friendly travel, modest fashion, and Islamic-themed media and recreation. The report, which is produced by DinarStandard and is supported by the Department of Economy and Tourism (DET) in Dubai addresses developments as well as challenges and opportunities for those sectors.

In this opinion piece published on Salaam Gateway, I reflect on the growth of Muslim-friendly tourism over the past decade.