YOUSEF HASSAN KHALAWI

Secretary General, Islamic Chamber of Commerce and Development (ICCD).

- By Rishini Weeraratne

As global demand shifts toward ethical, transparent, and valuedriven commerce, the Halal economy has emerged as one of the world's most dynamic growth frontiers, now valued at over US$2.4 trillion. At its centre is H.E. Mr. Yousef Hassan Khalawi, Secretary General of the Islamic Chamber of Commerce | and Development (ICCD), whose leadership is helping shape Halal as a universal framework rooted in integrity, quality, and responsible business. In this exclusive conversation, he discusses the forces accelerating Halal's global expansion, from digital transformation and AIenabled supply chains to the rising purchasing power of young Muslim consumers. He also reflects on why London hosted the landmark London Halal Forum 2025, the alignment between Halal and ESG principles, and the opportunities ahead for emerging economies. Crucially, he outlines how countrie like Sri Lanka can leverage certification, partnerships, and innovation to strengthen their role in the global Halal value chain.

What are the major forces driving the US$2.4 trillion Halal economy?

The growth of the Halal economy is driven by global demand for ethical, transparent, and high-quality products. Consumers today are far more conscious about what they consume and how it is produced. Halal principles, which emphasise integrity and safety, naturally appeal to this mindset. At the same time, the purchasing power of young Muslim consumers is rising, and new sectors such as pharmaceuticals, logistics, and cosmetics are embracing Halal standards. Governments and multinational companies now recognise that Halal certification provides trust and credibility in international markets.

How will digital transformation shape the Halal economy over the next decade?