Pak-Saudi-Turkiye troika; Muslim-friendly resorts; Wahed launches ethical ETFs

January 23, 2026

Pulse of the Global Islamic Economy

Sha’ban 04, 1447 AH

Assalamualaikum,

As Muslim travel spending surges toward $225 billion by 2028, our editor’s pick this week maps the rise of halal tourism by ranking the world’s top Muslim-friendly resorts.

Meanwhile, Saudi Arabia, Pakistan, and Türkiye are in talks to finalise a trilateral security agreement to strengthen regional defence cooperation amid shifting geopolitical dynamics.

And finally, Wahed has launched UCITS equity ETFs in Europe that combine traditional Shariah screening with enhanced ethical and human rights reviews.

Did you know?

The global economic outlook has improved modestly but remains uncertain, with 53% of chief economists expecting global economic conditions to weaken in the year ahead, marking a significant improvement from the 72% who held this view in September 2025.

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