{"id":2051,"date":"2024-03-20T21:59:08","date_gmt":"2024-03-20T21:59:08","guid":{"rendered":"https:\/\/geopoliticalcompass.com\/?p=2051"},"modified":"2024-03-20T22:00:23","modified_gmt":"2024-03-20T22:00:23","slug":"state-of-the-global-islamic-economic-report","status":"publish","type":"post","link":"https:\/\/geopoliticalcompass.com\/?p=2051","title":{"rendered":"State Of The Global Islamic Economic Report"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2051\" class=\"elementor elementor-2051\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4c90c3f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4c90c3f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e68d5e7\" data-id=\"e68d5e7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8a3bf73 elementor-widget elementor-widget-text-editor\" data-id=\"8a3bf73\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Author:<\/b> <a href=\"https:\/\/www.dinarstandard.com\/\"><span style=\"font-weight: 400\">DinarStandard<\/span><\/a><\/p><p><b>Affiliation:<\/b><span style=\"font-weight: 400\"> Growth Strategy and Advisory Firm<\/span><\/p><p><b>Organization\/Publisher:<\/b><span style=\"font-weight: 400\"> DinarStandard \/Dubai Islamic Economy Development Center<\/span><\/p><p><b>\u00a0Date\/Place:<\/b><span style=\"font-weight: 400\"> 2019\/2020, U.S.<\/span><\/p><p><b>Type of Literature:<\/b><span style=\"font-weight: 400\"> Report<\/span><\/p><p><b>Number of Pages:<\/b><span style=\"font-weight: 400\"> 178<\/span><\/p><p><b>Link: <\/b><a href=\"https:\/\/ceif.iba.edu.pk\/pdf\/state-of-global-islamic-economy-report-2019-20.pdf\"><span style=\"font-weight: 400\">https:\/\/ceif.iba.edu.pk\/pdf\/state-of-global-islamic-economy-report-2019-20.pdf<\/span><\/a><\/p><p><b>Brief:<\/b><\/p><p><span style=\"font-weight: 400\">The report presents a continued momentum of the Islamic global economy by presenting the global Islamic economy indicators and how to invest in its sectors that include: 1) Halal Food 2) Islamic Finance 3) Muslim-Friendly Travel 4) Modest Fashion 5) Halal Pharmaceuticals 6) Halal Cosmetics 7) and Halal Media and Recreation. To compile this report, the Firm collected primary source data \u201cby leveraging the services of on-the-ground analysts from each global region, leveraging Thomson Reuters Islamic Finance Development Report research, with expert interviews with 26 individuals conducted as well.\u201d The firm also collected secondary data from sources such as Halal Focus and Salaam Gateway. The report shows that $2.2 trillion is spent on the global Islamic economy at a 5.2% growth rate and expected to reach $3.2 trillion at a 6.2% growth rate. Some of the indicators that explain the state of the global Islamic economy include the wealth of the 57 OIC countries that represent about 10% of the global GDP with 1.8 Billion Muslims, including about 500 million Muslims may reside as minorities in many other nations. \u201cAll over the world, this fast-growing and relatively young population of Muslims is increasingly asserting their Islamic sensitivities in the market place across lifestyle products. \u201cWhat drives the growth of the global Islamic economy is the fact that Islam is a way of life for many Muslims, that way of life includes education, spirituality, modesty, food, as well as fair distribution of wealth, financing, and social responsibility. Such a way of life touches many sectors including the ones mentioned sectors. Another driver for the growth of the global Islamic economics is its values that have universal appeal and attract individuals and groups that may not necessarily be Muslims.\u00a0<\/span><\/p><p><span style=\"font-weight: 400\">By: Abdulrahman Migdad, <\/span><i><span style=\"font-weight: 400\">CIGA Research Fellow<\/span><\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Author: DinarStandard Affiliation: Growth Strategy and Advisory Firm Organization\/Publisher: DinarStandard \/Dubai Islamic Economy Development Center \u00a0Date\/Place: 2019\/2020, U.S. Type of Literature: Report Number of Pages: 178 Link: https:\/\/ceif.iba.edu.pk\/pdf\/state-of-global-islamic-economy-report-2019-20.pdf Brief: The report presents a continued momentum of the Islamic global economy by presenting the global Islamic economy indicators and how to invest in its sectors that [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":2052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-2051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-perspective-and-critical-research"],"blocksy_meta":[],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/State-Of-The-Global-Islamic-Economic-Report.webp",824,462,false],"thumbnail":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/State-Of-The-Global-Islamic-Economic-Report-150x150.webp",150,150,true],"medium":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/State-Of-The-Global-Islamic-Economic-Report-300x168.webp",300,168,true],"medium_large":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/State-Of-The-Global-Islamic-Economic-Report-768x431.webp",768,431,true],"large":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/State-Of-The-Global-Islamic-Economic-Report.webp",824,462,false],"1536x1536":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/State-Of-The-Global-Islamic-Economic-Report.webp",824,462,false],"2048x2048":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/State-Of-The-Global-Islamic-Economic-Report.webp",824,462,false]},"author_info":{"info":["CIGA Staff"]},"category_info":"<a href=\"https:\/\/geopoliticalcompass.com\/?cat=31\" rel=\"category\">Global Perspective &amp; 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Critical Research<\/a>","rttpg_excerpt":"Author: DinarStandard Affiliation: Growth Strategy and Advisory Firm Organization\/Publisher: DinarStandard \/Dubai Islamic Economy Development Center \u00a0Date\/Place: 2019\/2020, U.S. Type of Literature: Report Number of Pages: 178 Link: https:\/\/ceif.iba.edu.pk\/pdf\/state-of-global-islamic-economy-report-2019-20.pdf Brief: The report presents a continued momentum of the Islamic global economy by presenting the global Islamic economy indicators and how to invest in its sectors that&hellip;","_links":{"self":[{"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=\/wp\/v2\/posts\/2051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2051"}],"version-history":[{"count":0,"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=\/wp\/v2\/posts\/2051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=\/wp\/v2\/media\/2052"}],"wp:attachment":[{"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}