Halal Industry Islamic Finance Islamic Lifestyle

What are the key drivers contributing to the growth of the global Islamic economy?


What are the key drivers contributing to the growth of the global Islamic economy?

The global halal and Islamic lifestyle sectors of the Islamic economy represent an aggregate consumer spend opportunity of $2.2 trillion in 2018, projected to grow to $3.2 trillion by 2024, with Islamic finance assets estimated at $2.5 trillion in 2018, and projected to grow to $3.5 trillion by 2024. 

The State of the Global Islamic Economy 2019/20 report, produced by DinarStandard, identifies the key drivers shaping this growing global Islamic economy. 

Across the four key stakeholders – consumers, businesses, governments and investors – there are ten drivers shaping the global Islamic economy, as consumers seek to spend more on lifestyle products and services that address their faith-inspired needs, as governments in predominantly OIC (Organisation of Islamic Cooperation) countries seek to diversify their economies, as businesses seek new avenues of growth, and as investors seek to boost returns through exploring new high-growth opportunities.

The State of the Global Islamic Economy reports have been published since 2013.

It is produced bty DinarStandard, a growth strategy and reserach advisory firm, that is the parent company of Salaam Gateway. 

The 2019/20 report can be downloaded from this link

 

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