Nigeria could become an Islamic economy powerhouse. The Abuja National mosque (Shutterstock).

Q&A with Dar Al Halal: Driving the Islamic economy in Nigeria


Salaam Gateway spoke to Muhammadu Dikko Ladan, founder and CEO of Dar Al Halal (DAH), an advisory, consultancy, trade and investment company promoting halal trade in Nigeria, and the Organisation of Islamic Council (OIC) countries. Based in the Nigerian capital Abuja, DAH has partnered with Salaam Gateway’s parent company DinarStandard.

Salaam Gateway (SG): What’s been happening with the Islamic economy in Nigeria?

Muhammadu Dikko Ladan: The drive towards the Islamic economy generally has been increasing rapidly. There is a growing awareness of standardisation, meaning groups and institutions are uniting to create platforms for commerce. There is an increased interest from commercial banks to establish Islamic finance – or non-interest finance as it is called locally. The central bank is granting more licences. Globally people have been impacted by COVID-19, but the drive to create a wider understanding of halal and Islamic concepts is growing. There is also an increase in interest in Muslim-themed media including TV and radio stations.

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tags:

halal food, halal beverages, dinar, sparkingling wine, halal
Islamic Economy
Islamic finance
Modest fashion
Agriculture
Halal Trade
Pharmaceuticals