Report: State of the Global Islamic Economy 2018/19
Islamic Finance Gateway
With 1.8 billion Muslims, and Muslim spend estimated at $2.1 trillion in 2017, the Islamic Economy continues its steady growth. But there is significant scope for growth and maturity in the Islamic Economy, with a mere $0.8 billion in disclosed private equity investments over three years, far less than the almost $600 billion in private equity and venture capital investments that occurred globally in 2017.This report estimates that global Muslim spend across lifestyle sectors was US$2.1 trillion in 2017, while the Islamic finance sector has US$2.4 trillion in total assets. Food and beverage leads Muslim spend by category at US$1.3 trillion, followed by clothing and apparel at US$270 billion, media and entertainment at US$209 billion, travel at US$177 billion, and spending on pharmaceuticals and cosmetics at US$87 billion and US$61 billion respectively.