Global halal economy estimated to worth $3.2trln by 2024

Global halal economy estimated to worth $3.2trln by 2024

Global halal economy estimated to worth $3.2trln by 2024 Islamic economy was valued at $2.2trln in 2018, which accounts for 12 percent of the global spend in the food, pharmaceutical, and lifestyle sectors    Launched in 2017, the first edition of the guide has proven to be an asset in achieving the long-term plans for the halal economy sought out by local and regional leadership. The second edition of the guidebook outlines halal Islamic economy growth opportunities, including its enabling ecosystem, halal trade flow, and the halal certification and compliance process. The guidebook also outlines the extent to which the halal sector has been affected by the intensified measures aimed at combating COVID-19.Within the halal economy, the most challenged sectors have been travel, Islamic finance, and modest fashion while media