ISTANBUL
The economy around halal products — those meeting Islamic standards — has a very bright future, according to a US-based economist.
Most of the “halal economy” is in the finance sector, but the non-financial part should also be expanded, Mohammad Kabir Hassan, an economist at the University of New Orleans, told Anadolu Agency.
It is a $6-trillion worth economy but the majority of it is the Islamic finance — around $4 trillion. So, we really need to expand the non-financial part of the halal economy.
Halal economy is a bigger concept, covering many areas such as textile, cosmetics, and medical products, he recalled.
Benefits of halal products and services should be advertised to the people, he added.
On Türkiye’s position, he said: “Turkish halal economy can be a sort of role model for the rest of the Muslim world.”
He also said Türkiye has a very diversified economy, it exports thousands of…
