Islamic private equity: Has it come of age?
The private equity (PE) industry has experienced some extraordinary periods in recent years, fuelled by resilient fundraising and growing economic activity.
Momentum created in the year 2021, in the wake of the Covid-19 pandemic, cascaded into the first half of 2022.
It was a purple patch for the Islamic economy space as well. Investments across halal food, halal cosmetics, travel, pharmaceuticals, media and recreation, modest fashion and Islamic finance, totaled $25.7 billion in 2020/21, up from $11.8 billion recorded in 2019/20, the State of the Global Islamic Economy Report 2022 (SGIE), published by DinarStandard, revealed.
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