+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»






Economic Analysis: Theory and Practice

An overview of the global halal market: Dynamics, composition and structure

Vol. 18, Iss. 7, JULY 2019

Received: 12 February 2019

Received in revised form: 8 April 2019

Accepted: 27 May 2019

Available online: 30 July 2019


JEL Classification: F14, L16

Pages: 1309–1321


Shovkhalov Sh.A. Siberian Federal University (SibFU), Krasnoyarsk, Russian Federation


Subject The article analyzes the dynamics, composition and structure of the halal market, investigates the world experience to unveil fundamental solutions to overcome mistakes in the development of halal market in Russia, considering the regional features that influence changes therein.
Objectives The focus is on identifying the main areas of domestic halal market development in the short term, on the basis of international practice.
Methods The study rests on the institutional methodology. It helps assess the impact of different institutions on the economic behavior of market participants. I also employ general scientific methods of cognition, like analysis, consistency, deduction, observation, and comparison.
Results The analysis of dynamics, composition and structure of the international halal market in the context of four groups of countries enabled to conclude that there is a positive perspective for the industry development in Russia. It would lead to increasing market capacity, boosting employment, accumulating internal finance, import substitution and future export opportunities.
Conclusions The development of the halal market in Russia on the basis of international experience from the perspective of the proposed four groups of countries will create conditions for solving the socio-economic tasks faced by the State.

Keywords: halal market, Islamic goods, certification, import substitution, sanctions


  1. Shovkhalov Sh.A. [Methodology for research of formation and development of the market of confessional services]. Sovremennaya ekonomika: problemy i resheniya = Modern Economics: Problems and Solutions, 2017, no. 10, pp. 8–13. URL: Link (In Russ.)
  2. Shovkhalov Sh.A., Petrova A.T. [Market of Muslim goods: Essence and features]. Fundamental'nye issledovaniya = Fundamental Research, 2015, no. 6, part 1, pp. 207–210. URL: Link (In Russ.)
  3. Shovkhalov Sh.A. Otsenka deyatel'nosti predpriyatii rynka musul'manskikh tovarov [Assessing the activity of enterprises of the Muslim goods market]. Krasnoyarsk, SFU Publ., 2016, 140 p.
  4. Weber M. Izbrannoe. Protestantskaya etika i dukh kapitalizma [The Protestant Ethic and the Spirit of Capitalism]. Moscow, Rossiiskaya politicheskaya entsiklopediya Publ., 2006, 656 p.
  5. Tambovtsev V.L. [Rules as a basis of institutions]. Obshchestvennye nauki i sovremennost', 2014, no. 3, pp. 130–139. URL: Link (In Russ.)
  6. Shveri R. [The rational choice theory: A universal remedy or economic imperialism?].Voprosy Ekonomiki, 1997, no. 7, pp. 35–44. (In Russ.)
  7. Simon H.A. [Rationality as Process and as Product of Thought]. THESIS, 1993, vol. 1, iss. 3, pp. 16–38. URL: Link (In Russ.)
  8. Mirskii G.I. [Islam: The history and the present]. Novaya i noveishaya istoriya, 2010, no. 1, pp. 3–20. (In Russ.)
  9. From Niche to Mainstream – Halal Goes Global. Geneva, International Trade Centre, 2015, 58 p. URL: Link
  10. Naumkin V.V., Kuznetsov V.A. [Islamic world and Islamic organizations in modern world political system]. Vestnik Moskovskogo universiteta. Ser. 12: Politicheskie nauki = Moscow University Bulletin. Series 12. Political Science, 2013, no. 4, pp. 30–56. URL: Link (In Russ.)
  11. Christiansen B., Yıldız S., Yıldız E. Handbook of Research on Effective Marketing in Contemporary Globalism. USA, IGI Global, 2014, 463 p.
  12. Syukiyainen L.R. Pravovaya problematika v rossiiskom vostokovedenii. V kn.: Kontseptsii sovremennogo vostokovedeniya [A legal perspective in the Russian oriental studies. In: Concepts of modern oriental studies]. St. Petersburg, KARO Publ., 2013, pp. 136–146.
  13. Belokrenitskii V.Ya. Demograficheskoe budushchee islamskogo mira. V kn.: Islamskii faktor v istorii i sovremennosti [Demographic future of the Islamic world. In: Islamic factor: history and modernity]. Moscow, Vostochnaya literatura Publ., 2011, pp. 47–64. URL: Link
  14. Petrova A.T., Shovkhalov Sh.A. Growth Prospects for Market of Muslim goods in Russia. Indian Journal of Science and Technology, 2016, vol. 9, iss. 46, pp. 435–441. URL: Link
  15. Varinli I., Yildiz E. A study for determining the effects on the perceptions of consumers about halal food. Cairo, 2012, 63 p.
  16. Borodai S.Yu. [Islam in modern Europe: Demography, integration, prospects]. Islam v sovremennom mire = Islam in the Modern World, 2013, no. 1–2, pp. 29–30. URL: Link (In Russ.)
  17. Al'vanus A. [The Muslim globalization project as an alternative to the Western project]. Vestnik Vladivostokskogo gosudarstvennogo universiteta ekonomiki i servisa = Bulletin of Vladivostok State University of Economics and Service, 2003, no. 5, pp. 128–135. URL: Link (In Russ.)
  18. Lever J., Puig de la Bellacasa M., Miele M., Higgin M. From the Slaughterhouse to the Consumer: Transparency and Information in the Distribution of Halal and Kosher Meat. Cardiff, Cardiff University, 2010, 116 p. URL: Link
  19. Nizhegorodtsev R.M. [Import substitution of institutions: A crucial task in ensuring national security]. Izvestiya UrGEU = Journal of Ural State University of Economics, 2016, no. 4, pp. 5–18. URL: Link (In Russ.)
  20. Syukiyainen L.R. Islam i prava cheloveka v dialoge kul'tur i religii [Islam and human rights in the dialogue of cultures and religions]. Moscow, Sadra Publ., 2014, 212 p. URL: Link

View all articles of issue


ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

Journal current issue

Vol. 23, Iss. 4
April 2024