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Islamic economy: How have govt policies/regulations evolved in the past decade?


The Islamic economy has gone from strength to strength in the past 10 years. One key driving element has been a push from the top. 

The State of the Global Islamic Economy Report 2023/24 has identified that government stakeholders and authorities have been engaged for two primary purposes during the past decade. First is the support of regulatory and compliance integrity and the enablement of halal products and Islamic finance. The second has been to drive economic value through trade facilitation and the widening of financial inclusion coverage.

The report has identified select instances of government engagement through the past decade. These are as follows:

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tags:

Islamic finance
Halal
Standards
Compliance