Your name is probably worth little to no value, but you never know. Standard is a good word.
HugeDomains is pricing the name at $3195 because a) they can b) standards is the variation that an end-user would want. There are several halal standards to follow, not just one.
I guess if some organization wanted to come along and focus on THE halal standard, then this name would work.
Put up a landing page with Dan.com or Epik. Track how much traffic and leads the name gets. Put the name on Afternic and Sedo. Use a BIN of $1,500-$2,000. Wait a two or three years then re-evaluate if you should keep or drop the name. Simple as that.