Wahyu Dwi Anggoro
IDXChannel - The results of the State of the Global Islamic Economy Report (SGIE) 2023/24 have been announced.
Produced by research and advisory firm DinarStandard, the tenth edition of the report presents an annual update on the Islamic Economy - encompassing halal products, Islamic finance, and lifestyle sectors and services.
“The SGIE report, in its 10th year, with the grace of God Almighty, has evolved into a global reference point to evaluate the Islamic Economy’s annual developments globally across the seven sectors covered while highlighting potential areas of development," Rafi-uddin Shikoh, CEO and Managing Director of DinarStandard said in a media release on Tuesday (26/12/2023).
"Muslim spending has increased from USD1.62 trillion in 2012 to USD2.29 trillion a decade later," he added.
Islamic finance assets are estimated to have reached USD3.96 trillion in 2021 and will grow to USD5.96 trillion by 2026.
Investments in Islamic economy-relevant companies increased significantly, reaching USD25.9 billion in 2022/3, representing a 128% year-on-year growth.
