In the ten years of covering this space, the global Islamic economy has grown from a $1.62 trillion consumer spending market, as estimated in 2012, to $2.29 trillion in 2022.

It has been driven by a young and fast-growing global population that extends beyond the core 1.9 billion Muslim consumers to include a wider global ethical consumer market.

Stakeholders will find a comprehensive overview, including estimations of market size, a country-level benchmarking index, and expert opinions, and for the first time, the report provides an in-depth look at 100 notable Islamic Fintechs globally using DinarStandard's proprietary Impactintell platform.

The report identifies 375 Islamic Fintechs globally, gives a market sizing of the sector in Muslim-majority countries, and a ranking of jurisdictions on the Global Islamic Fintech Index. The Global Islamic Fintech Report 2022 is produced by DinarStandard and Elipses.

This year’s report estimates that Muslims spent US$2 trillion in 2021 across the food, pharmaceutical, cosmetics, fashion, travel and media/recreation sectors. The purpose of the report is to inspire and empower business leaders, entrepreneurs, and government officials to evaluate and develop actionable and high impact market strategy focused on the global Islamic economy.

The report identifies 241 Islamic fintech services, gives a market sizing of the sector in Muslim-majority countries, and a ranking of jurisdictions on the Global Islamic Fintech Index. The Global Islamic Fintech Report 2021 is produced by DinarStandard and Elipses.