Halal Ethical Economy

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.

The eight edition of the State of the Global Islamic Economy Report, continues to cover the following sectors: 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 Dubai Islamic Economy Development Centre (DIEDC) addresses developments as well as challenges and opportunities for those sectors pre and post-COVID-19.

Muslims are a rapidly growing customer segment, reaching 5.8million consumers in 2015 and commanded $107 billion in annual disposable income in 2015. The ecosystem of products and services addressing Muslim faith-based needs has evolved substantially, with many new players seeking to emulate the remarkable success stories of Saffron Road and the Halal Guys.