Evaluate and develop an actionable and high impact Islamic Economy market strategy
Nov 25, 2013: Given the growing trend of unique products and services that are catering to the large 1.6 billion Muslim population, there is a distinct lack of a comprehensive view of the existing Islamic economic landscape as well as its future potentials and opportunities. The State of the Global Islamic Economy 2013 Report fills this gap and was exclusively released as part of the Global Islamic Economy Summit 2013. The Report has been produced by Thomson Reuters in collaboration with DinarStandard (Author/ lead research.) In aggregate, Muslim consumer expenditure globally on food and lifestyle sectors (travel, clothing, pharma/ personal care, media/ recreation) is being estimated by this Report to be $1.62 trillion in 2012 and expected to reach $2.47 trillion by 2018. This forms the potential core market for Halal food & lifestyle sectors.
(Click to enlarge each sector infographic)
In addition, Islamic financial assets are currently estimated to be $1.35 trillion in total disclosed assets (2012) and growing at 15-20% a year in most core markets. This Report estimates potential universe of Islamic finance assets in its core market (assuming optimal scenario) to be $4.1 trillion.1 While the prominence of the Islamic finance sector is already quite well-acknowledged, it is the halal food and lifestyle sectors that open up a whole new horizon of opportunities for the Islamic economy as a whole. Key Islamic economy sectors covered by this Report are:
- Food & Beverage
- Islamic Finance
- Media/ Recreation
- Cosmetics/ Personal care
Additionally the Report covers:
- Key drivers
- Key challenges & specific opportunities
- Convergence opportunities among these sectors
- Innovation Imperative
- Industry Executive Interviews
- Centers of the Islamic Economy: Top 15 Islamic economy markets presented
- Strategy Frameworks & Checklists
Download the full free Report here (PDF 18 MB).
Correction: Food & Beverage Infographic “Top Export Countries to OIC Countries: Meat & Live Animals” table is incorrect. The table represents “Top Export Countries to OIC Countries: Meat & Live Animals.” Correct “Top Export Countries to OIC Countries: Meat & Live Animals” are: Brazil, India, Australia, USA, and France.
1 The optimal scenario assumes full regulatory support for Islamic finance in OIC (Organization of Islamic Cooperation) markets and a 100% Islamic banking penetration with the proportionate Muslim demographic of OIC countries.