Global Muslim Economy

Bismillāhir-Raḥmānir-Raḥīm

Assalamu ‘Alaikum

Global Economic Pull. The Muslim led-economy is not just the aspirational future, it is the present day reality.

BUSINESS

Halal Goes Mainstream: Muslim-Owned U.S. Businesses Surge Past $40 Billion

Muslim markets in the mainstream……small and mid-sized Muslim-owned enterprises topped $46.9 billion in 2024; which was generated from just under 50,000 U.S. based Muslim-owned SME’s.

The Muslim-business economy in the west today is no longer just an Egyptian uncle selling shawarmas from his halal cart, or a boutique Islamic bookshop across the street from the masjid. It has now become a diverse generation of younger Muslims that contribute in a variety of sectors like:

Sharia-compliant business practices are no longer constraints, but a competitive framework that forces us to be creative, strategic, and tactful in our pursuit of economic success. Faith-driven Muslim success in the American business world has increasingly been cascaded amongst the youth, which can be largely attributed to the massive amount of information easily available to them at their fingertips.

—> But with boom comes more demand and unique gaps.

Muslim household consumer spending was $170.8 billion last year, and these households in America + Canada are more and more wanting Muslim-owned alternatives for everything they buy. In order to scale proportionally to the demand, small and medium enterprises must initiate more funding rounds from investors to bridge the gap for future growth.

Moving Forward

Opportunity for up and coming highly-skilled Muslims is imminent because these aren’t just halal brands siloed in the boundaries of the Muslim community, but fully integrated businesses in the broader U.S./Canada consumer economy. Where non-Muslims year-over-year are becoming more interested in the exceptional products and services that Muslims have to offer.

As a Muslim professional, you are not just a member of the workforce, but a potential innovator (the good kind) or leader in the Muslim led market of tomorrow.

FINANCE

$5.5 Trillion Islamic Finance Market Unlocks Global Opportunities for Investors

Muslim Capital Ascension: Islamic finance has quietly grown to a staggering $5.5 trillion this year and yet 65% of companies interested in Shariah-compliant solutions admit they have little to pretty much zero knowledge in how Islamic banking actually works. Their interest is based on the fact that it’s no longer just a “niche religious product” but one of the fastest-growing capital markets in the world, projected to hit $7.5 trillion by 2028.

And that lack of literacy is becoming an expensive opportunity cost.

Corporations who are not too familiar with Sukuk, Islamic trade finance, and Shariah-screened investment pools are essentially locking themselves out of a world of capital worth trillions.

Global Shift
Islamic finance principles naturally pair with ESG frameworks: transparency, fairness, ethical conduct, and responsibility. Investors want products that are both ethical and Shariah-compliant and they’re increasingly pouring in capital.

Digital innovation is reshaping the entire sector.
Tokenized Sukuk, blockchain-based settlement, AI-driven Shariah-compliance tools are quickly becoming the early architecture of a new global Islamic finance infrastructure, reducing costs and unlocking cross-border liquidity like never before.

Zoom out: Islamic finance is now the gateway to the world’s fastest-growing trade corridors. Shariah-based financing underpins much of the $5.7 trillion South-South Corridor, which now accounts for nearly a quarter of global trade. And the broader Halal economy? A $2.2 trillion opportunity on its own.

This is no longer a “Muslim market” it is the global market.
The companies that build Islamic finance capabilities today will be the ones accessing tomorrow’s capital flows, tomorrow’s trade routes, and tomorrow’s consumers. The ones who ignore it will simply be priced out of the future.

BANGLADESH

Bengali Blueprint: The 25-year plan for Economic Prosperity

In August of 2023 Bangladesh’s previous regime was ousted and exiled after major largely student led protests in Dhaka. Over 2 years later the current government has now unveiled a 3 Phase framework spanning the next 25 years, that defines the roadmap for what socio-economic goals they want to achieve by 2050.

The foundation of the economic part of the vision is to move the country from lower-middle-income status to upper-middle-income status. To do this, one of the KPI’s is to raise per-capita income to at least $15,000 (currently $2,800), and raise annual exports to $500 billion dollars (currently $50 billion).

The growth goals are lofty, but the opportunity and potential is huge…..only if some current risks and bottlenecks are resolved.

Right now the Human Development Index sits at 129th, the quality of healthcare trails regional averages, and over 30% of young people are “NEET”, (Not in Employment, Education, or Training). This is partly because the industrial production base remains heavily-concentrated in lower yield segments like ready-made garments, leading to little to no year-over-year growth to allow for expansion of employment or job skills training.

Their are still quite a bit of governmental challenges in terms of regulatory and bureaucratic efficiency, corruption, and partisan conflicts, which weakens investor confidence to deploy capital in the country.

The plan to try and resolve these issues is:

The 3-Phase Roadmap

With a young population and rising global connectivity, this 3-phase 2050 plan positions Bangladesh for likely success (inshallah). These aren’t just plain aspirational goals, but a clear pathway to a generational leap for the socio-economic future of the nation.

SADAQAH SPOTLIGHT

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Barakallahu feekum,

Assalamu ‘Alaikum wa Rahmatullahi wa Barakatuhu

Yair Ahiyya
Falah Connect
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