Islamic Financial Planning: A Comprehensive Guide Article contributed by Arslan Hassan With an estimated population of 1.9 billion followers, Islam is today’s fastest-growing religion (Pew Research Center). As an Abrahamic monotheistic faith, Islam’s holistic teachings go beyond mere acts of worship. Their scope extends to areas as trivial as eating habits and as significant as …
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Nigeria’s domestic halal market is booming, ranking as the world’s eighth-largest with a 2022 spending of US$107 billion. Expected to grow to US$180 billion by 2027, the Nigeria Halal Economy Report 2023 provides a blueprint for enhancing Nigeria’s halal industry. Key strategies include simplifying trade regulations and leveraging technology in agriculture. The report suggests that …
Let’s look at the 6 driving forces of the Halal Industry that have significantly shaped the world today. 1. A sizeable and growing Muslim population The Halal industry has witnessed an increased demand. Firstly, the Muslim Population has spread from the Middle East region, extending to many Western and European countries. As we can see …