Photo: Rafi-uddin Shikoh, CEO and MD of DinarStandard, speaking at the launch of the State of the Global Islamic Economy 2019/20 report in Kuala Lumpur on Nov 13, 2019. Photo courtesy DinarStandard

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How reliable and useful is the annual State of the Global Islamic Economy report? – Q&A with author DinarStandard


The State of the Global Islamic Economy (SGIE) report has been published annually since 2013 and its data and analyses are widely referenced and cited by the media and industry stakeholders.  

The report’s author, New York-headquartered growth strategy research and advisory firm DinarStandard, said in a statement on Nov 11 launching this year’s publication that “the report has helped make a business case for funding start-ups and driving multiple national-level halal economy strategies and investments as well as corporate expansion initiatives.”

The strength of data-driven industry reports such as the SGIE lies in the way their research and data sourcing, collection and analyses are designed and carried out, which makes the methodology section a must-read. This begs the question: How reliable and useful is data and consequent analyses found in the SGIE, and what is the report’s margin of credibility?

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SGIE