
The rise and rise of 'halal' business NEWS / BUSINESS & ECONOMY Islam Business & Economy Turkey Middle East SIGN UP Halal industries are expected to be worth $3.7 trillion by 2019 [Reuters] When Kerim Ture placed his first order for a batch of long-sleeved tunics that could be worn by Muslim women, the manufacturers producing them demanded payment upfront, apparently convinced the venture would fail and Ture would be left unable to pay them. The Turkish entrepreneur quickly proved that their scepticism was unfounded, and he was back shortly afterwards to place a new order, having sold the first. Today the website Ture established to sell his products, Modanisa, attracts 100 million visitors annually, has customers in 120 countries, and has no shortage of manufacturers willing to work with it. "Modanisa now has 300 suppliers and 30 designers, it's become a platform for hundreds of suppliers from all over the world who want to sell products on our site," a ...