Indonesia edges past US to become largest digital Islamic economy
Indonesia hosts the world’s largest digital Islamic economy by market size, valued at $40.57 billion in 2022 and expected to grow to $76.09 billion by the year 2027.
The US came in second, raking in $25.5 billion in digital Islamic economy revenue in 2022, the Indonesia Digital Islamic Economy Report 2023/24, produced by DinarStandard in partnership with the Indonesia Halal Lifestyle Center, reveals.
It was followed by China ($22.8 billion), Türkiye ($20 billion), and Saudi Arabia ($14.9 billion). Iran, the UAE, the UK, India and Egypt rounded off the top 10.
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