The global halal economy is expected to grow from $2.3 trillion in 2020 to $5 trillion by 2030, Vusal Gasimli, the Executive Director of the Center for Analysis of Economic Reforms and Communication of Azerbaijan, said at the presentation of a textbook titled Halal Economy, Report informs.
According to Gasimli, the halal economy is expected to become an export direction that brings foreign exchange to the country in the future: "Writing a book on the halal economy was the demand of the time. The provision of halal food products is very important. This is not a simple matter. The halal economy has long gone beyond the boundaries of the food industry alone. Now it covers a fairly wide range of directions and areas." He emphasized that the book will be an important source in further strengthening Azerbaijan's economic relations with the Muslim world.
The book was jointly prepared by the Center for Analysis of Economic Reforms and Communication and the Azerbaijan Institute of Theology. The book, which consists of 8 chapters in total, provides a detailed analysis of issues such as Sharia requirements for the halal economy, ethical issues of halal management, principles of halality in trade transactions, halal tourism, global halal trade dynamics and related challenges, and the prospects for the impact of the halal economy on the development of entrepreneurship in Azerbaijan.