This groundbreaking report defines and provides a comprehensive view of the Islamic economy as well as its future potential to facilitate investments and industry growth.
Thomson Reuters is proud to present the first State of the Global Islamic Economy Report 2013 developed in collaboration with Dinar Standard and supported by the Dubai capital of Islamic economy.
From a commercial perspective, the Islamic economy naturally encompasses all those sectors driven by the Muslim population’s adherence to some form of faith-based activity that has market impact.
- finance and banking, including sukuk issuance, takaful and other financial activities
- food, ranging from meat & poultry all the way to non-meat foods and down to micro-ingredients, flavourings and colourings
- family-friendly travel
- fashion and clothing
- cosmetics and personal care
- media and recreation
The release of such an in-depth report that attempts to size and analyze the potential of the Islamic economy is a defining moment that touches the lives of 1.65 billion Muslims living across the world, the combined population of which is growing at twice the rate of the global population. never before has the Islamic economy been seen through this holistic prism that views the needs and aspirations of Muslims in the context of the sectors which seek to serve them. this wide aperture will facilitate a better understanding of the ‘way of life’ of Muslims and the opportunities to facilitate their economic development.
Yet, the opportunity doesn’t just end there. the Islamic economy isn’t just about the needs and preferences of the Muslims. beside the trillion dollar halal goods trade that ranges from Australia to the Americas, Islamic values are gradually but steadily transcending the religion’s boundaries to signify relevance to a broader base of discerning consumers who seek ethical trade and wholesome experiences.