‘Halal economy has a very bright future’: US-based economist
ISTANBUL (AA) – 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,” he added.
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.
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