Islamic fintech zones; Pakistan introduces Shariah screening; Indonesia signs halal agreements

March 13, 2026

Pulse of the Global Islamic Economy

Ramadan 24, 1447 AH

Assalamualaikum,

As the Middle Eastern conflict deepens with each passing day, its reverberating effects threatening to spill beyond the region, we pray for the safety of all.

We lead this week's newsletter with a list of countries that have emerged as triumphant territories for Islamic fintech. 

Meanwhile, Indonesia has signed several recognition agreements to harmonise standards and expand global market access for halal products.

And finally, Pakistan’s SECP has approved the country’s first independent Shariah screening mechanism for listed securities. 

Did you know?

U.S. Muslims are a rapidly growing community—projected to become the country’s second-largest faith group by 2040—and 83% say halal guidelines influence their purchases, with 37% buying only halal-certified products and 46% preferring them while avoiding clearly prohibited items.

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