Despite having a growing pharmaceutical industry and mostly Muslim people, Bangladesh is not on the list of top 10 countries in the Halal Pharmaceuticals and Cosmetics Indicator.
The State of the Global Islamic Economy Report 2017-18 unveiled the scenario.
United Arab Emirates (UAE) led the indicator ranking for 2016, followed by Singapore, Malaysia, Egypt, Pakistan, Jordan, Saudi Arabia, Indonesia, France and Oman.
The indicator tried to evaluate the health and development of the countries’ pharmaceuticals ecosystem.
It did not focus on the overall size and growth trajectory of a country in the sector, and instead evaluated them on relative strengths of the ecosystem they have for the development of the sector.
The report has been prepared in association with Dinar Standard, a growth strategy research and advisory firm based in New York that came up with the Islamic market and industry status of 2016.