Investments in Islamic economy dropped 13% through July, Indonesia still top destination
Investments in the Islamic economy dropped 13% to $11.8 billion from August 2019 through July 2020 compared to the same 12 months in 2018-19.
The fall is largely due to the economic downturn as a result of the COVID-19 pandemic, according to the State of the Global Islamic Economy 2020/21 report from DinarStandard.
“2020 began on an optimistic note, with low inflation, low unemployment, and steady economic growth. COVID-19 began to spread towards the end of January but the pandemic’s impact was not fully felt until the second quarter, with global M&A deal volume nearly halving in the second quarter, falling from 4,308 deals to 2,630,” said the growth strategy research and advisory firm.
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