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Islamic Finance Briefing - Categorized | Market Moves more

Unsaturated halal market promising large revenues

Posted on 29 October 2012

The halal market is a growing one with a potential well within the multitrillion dollar range, but only a small portion of it is utilized, according to World Halal Council’s (WHC) Turkish chairman Hüseyin Kami Büyüközer.
Halal food, which refers to goods approved by the Islamic code, is a $860 billion market spread across the world and this figure rises even higher to $2.1 trillion when textiles, cosmetics and medical products are factored into the mix, said Büyüközer, who also chairs Gimdes, Turkey’s local halal-licensing authority………………………………………..Full Article: Source

 
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