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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Islamic Growth Markets Investment Report 2015 leverages 10 connected sectors in a US$6.7 trillion GDP opportunity

The Islamic Growth Markets Investment Report 2015 presents a new perspective of investment opportunities across the 57 OIC member countries.

Focused on fast growing consumer driven sector clusters of food, retail, tourism, health and others, as well as government spending-driven infrastructure and construction, the Report looks at investment opportunities across the full geographic spectrum of the Organization of Islamic Cooperation (OIC) growth markets and their global value chain.

The OIC represents a GDP in 2013 of US$6.7 trillion and is projected to grow from 2015 to 2019 at a higher rate (5.4%) than rest of the world (3.6%) or of the BRIC nations (3.9%.).

Malaysia, Indonesia, and UAE lead the inaugural 2015 Islamic Growth Markets Investment Index which ranks countries' investment potential relatively within the OIC member country grouping. GCC economies led by UAE are also on the top ten list including Qatar and Saudi Arabia. Other markets on the top 10 include Kazakhstan, and Turkey.

The Index is based on a set of nine metrics covering the categories of a country’s growth fundamentals, growth momentum, investment momentum and relative country risk. Indonesia shows the strongest growth fundamentals among the top three as it has the largest population (249 million, 2013) and GDP (US$870 billion, current US$, 2013), while Malaysia has the strongest growth and investment momentum (217% foreign direct investment inflows growth from 2009 to 2013).

DinarStandard’s OIC Industry Clusters Model has prioritized 10 sector clusters within OIC countries that provide best opportunities for sector based investment strategy. The top OIC sector clusters identified are: energy, food & agriculture, electronics, travel & transportation, metals, chemical & allied, plastics/rubber, textiles & related, infrastructure & construction, and health products & services.
Across each of the prioritised sector groupings, areas of competencies from different OIC markets across the value chain present unique investment/growth opportunities.

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First Islamic Finance and Muslim Lifestyle Sectors Convergence Training Programme launched

BIBF and DinarStandard have introduced the world’s First Islamic Finance and Muslim Lifestyle Sectors Convergence Training Programme. DinarStandard is a US-based growth strategy research and advisory firm with core experiences in halal economy sectors.

The burgeoning halal food and Muslim lifestyle sectors were estimated to be worth US$2 trillion in 2013, and are expected to reach US$2.47 trillion by 2018, based on the State of the Global Islamic Economy 2014 report, produced by Thomson Reuters in collaboration with DinarStandard. This represents a huge opportunity for Islamic finance, which has been for the most part untapped.

“Bahrain is well positioned to leverage its positioning as a regional financial hub with a well-developed banking sector and a growing Islamic finance industry to create an impact in the halal economy sectors; especially given that it has a well-diversified economy that does not heavily rely on the oil and gas sector. Finance, tourism and industrial manufacturing play a strong role in its economy. With growing competitiveness from the region, a key growth opportunity for its already robust Islamic finance sector, is the emerging global Halal economy space”, said BIBF Director Solveig Nicklos.

The Convergence of Halal Market Economy and Islamic Capital training course is a managerial level course tailored for Islamic finance and takaful executives and managers and lifestyle sector executives, managers and students. The course will give participants a summary of the halal market opportunity and focus on specific areas of financing/ takaful needs and gaps by the key halal economy sectors of food, pharma, personal care, travel and fashion. Specific focus will be on the halal food value chain opportunities. The course covers the six-core halal economy sectors beyond Islamic finance. These sectors covered include halal food, family tourism, clothing/fashion, media/recreation, pharmaceuticals, and cosmetics, and outlines their geographic and market potential profile.

The Convergence of Halal Market Economy and Islamic Capital course is scheduled for 7 and 8 June and will be held at BIBF premises.

Look to Malaysia, Indonesia and UAE as growth markets for 2015: DinarStandard

The Islamic Growth Markets Investment Report 2015, published by DinarStandard, a new way of looking at investment opportunities across the 57 Organization of Islamic Cooperation (OIC) member countries. OIC member countries, representing a GDP in 2013 of US$6.7 trillion, are projected to grow 2015-19 at a higher rate (5.4%) than rest of the world (3.6%) or compared to BRIC nations (3.9%), DinarStandard has revealed. 

The Islamic Growth Markets Investment Report 2015 presents 10 fast-growing consumer driven sector clusters such as food, retail, tourism, and health as well as government-driven expenditure on infrastructure and construction as candidates for investment and discusses their potential in the context of the full geographic spectrum of the growth markets and their global value chain. 

The report lists Malaysia, Indonesia, and UAE as the leaders in the inaugural 2015 Islamic Growth Markets Investment Index which ranks investment potential within the OIC member country grouping. The Index is based on a set of nine metrics covering the categories of a country’s growth fundamentals, growth momentum, investment momentum and relative country risk.

Indonesia has the strongest growth fundamentals among the top three. It has the highest population (249 million, 2013) and GDP (US$870 billion, current US$, 2013), while Malaysia has the strongest growth and investment momentum (217% FDI inflows growth 2009-13). GCC economies led by the UAE are also on the top ten list which also includes Qatar and Saudi Arabia. Other markets on the top 10 include Kazakhstan and Turkey.

DinarStandard’s OIC Industry Clusters Model has prioritised 10 sector clusters within OIC countries that provide best opportunities for sector based investment strategy. The top OIC sector clusters are: energy, food & agriculture, electronics, travel & transportation, Metals, chemical & allied, plastics/rubber, textiles & related, Infrastructure & construction, and Health products & Services. Across each of the sector groupings, areas of competencies from different OIC markets across the value chain present unique investmen and growth opportunities.

Click here to download the report.