According to the report on the State of the Global Islamic Economy 2018/2019 developed by Thomson Reuters with DinarStandard, with 1.8 billion Muslims, and Muslim spend estimated at $2.1 trillion in 2017, the Islamic Economy continues its steady growth. This report estimates that global Muslim spend across lifestyle sectors was US$2.1 trillion in 2017, while the Islamic finance sector has US$2.4 trillion in total assets. Food and beverage leads Muslim spend by category at US$1.3 trillion, followed by clothing and apparel at US$270 billion, media and entertainment at US$209 billion, travel at US$177 billion, and spending on pharmaceuticals and cosmetics at US$87 billion and US$61 billion respectively.
Haladinar, with its focus on global Halal marketplace, wants to tap onto a small percentage of the large market potential on a year to year basis. By developing a community project on decentralized marketplace, the untapped growing opportunity will add intrinsic value to its HDN token as user adoption increases. Please refer to the widely published report for more information.