Australia's halal pharmaceutical and cosmetics industries have grown at almost twice the pace of the global average over the past five years and are expected to maintain that momentum, emerging as a key driver of Australia's increasingly sophisticated Islamic economy.
The finding is among the headline insights of The State and Future of the Australian Islamic Economy, the first report of its kind launched today in Sydney by Salaam and DinarStandard, with Salaam Gateway as media partner.
The report finds that Australia's Islamic economy has evolved well beyond its traditional reliance on halal food exports to become a strategically important part of the country's domestic economy and international trade ambitions.
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