Global halal economy surpasses $2.4 trillion, forum told

LONDON: The global halal economy has grown to more than $2.4 trillion annually and continues to expand at a rapid pace, speakers said at the London Halal Forum 2025, held at ExCeL London with participation from dozens of Islamic countries, including Pakistan.

The event brought together businesses, investors, policymakers and media representatives to support UK economic growth by strengthening trade ties with the fast-growing halal market. According to Dinar Standard’s State of the Global Islamic Economy 2024/25 report, the global halal economy is now valued at $2.4 trillion.

This year’s forum centred on responsible growth and cross-border cooperation. Two major strategic partnerships were announced:

• A new agreement between the Islamic Chamber of Commerce and Development (ICCD) and its Kenya chapter to enhance certification pathways and expand market access across East Africa.

• A strategic cooperation agreement aimed at boosting data-driven investment strategies and fostering innovation across halal industries.

Delegates also took part in the “Halal for Business Excellence” conference, which examined commercial trends, governance frameworks and cultural dynamics shaping global halal markets. A leaders’ session on technology and trust underscored the importance of halal standards in maintaining consumer confidence worldwide.

Panel discussions throughout the day featured industry leaders, government officials and investors, highlighting Saudi Arabia’s growing influence in global halal development; Bosnia and Herzegovina’s rise as a European hub of excellence; the expanding role of women’s leadership and cultural diplomacy; the surge of halal-focused entrepreneurship; and the importance of values-driven storytelling in shaping public perceptions of the halal economy.