Halal Industry Islamic Finance Islamic Lifestyle

What is the Global Islamic Economy Indicator and why is it important?


Every year since 2013 growth strategy research and advisory firm DinarStandard publishes the State of the Global Islamic Economy report that tracks the market size and key trends in the industry. The Global Islamic Economy Indicator is a part of that annual study.

1. What is the GIEI?

  • The GIEI ranks countries based on how they’re doing in the seven sectors of the Islamic economy: Islamic finance, halal food, Muslim-friendly travel, modest fashion, media and recreation, halal pharmaceuticals, and halal cosmetics.
  • The latest GIEI in the State of the Global Islamic Economy 2020/21 report covers 81 countries, up from 73 previously.
  • The GIEI provides a global view of the Islamic economy landscape.
  • The GIEI assesses the current state of the Islamic economy in each country, relative to other nations.

2. Why the GIEI?

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SGIE 2020/21