State of The Global Islamic Economy 2015/16 projects US$2.6 trillion spend on halal food, lifestyles by 2020

Source: State of The Global Islamic Economy 2015/16. Infographic on DinarStandard website. Malaysia has the most developed Islamic economy for halal food.

The Thomson Reuters State of Global Islamic Economy 2015/16 report is available for download from Thomson Reuters' Zawya portal. The report defines and provides an overview of the Islamic economy as well as its future potential to facilitate investments and industry growth.

The report acts as an annual barometer of the health and development of the Islamic economy industry worldwide, based on the Global Islamic Economy Indicator. The Indicator, introduced in 2014, is a composite index that presents the current outlook of the Islamic economy sectors across 70 countries beyond the growth of assets, focusing on awareness, governance and social metrics. 

According to the report, the Islamic economy is growing at nearly double the global rate. Muslim consumer spending on food and lifestyle reached US$1.8 trillion in 2014 and is projected to total US$2.6 trillion in 2020. Global assets of Islamic banks exceed US$1.3 trillion, and are set to double by 2020. 

Islamic economy sectors covered by the Global Islamic Economy Report 2015/16 include:

• Food & beverage
• Islamic finance
• Travel
• Fashion
• Media/recreation
• Pharmaceutical
• Cosmetics/personal care

Source: DinarStandard.

The Global Islamic Economy Report 2015/16 also includes a special focus report on the Islamic Digital Economy.

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Browse the infographics (low resolution)

Download the 2015/2016 report (PDF - Zawya account required. Registration is free)

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