The burgeoning Islamic economy is growing at nearly double the global rate. Muslim consumer spending on food and lifestyle has reached $1.9 trillion in 2015 and is projected to reach $3 trillion in 2021. Global assets of Islamic banks exceed $2 trillion, and are set to reach $3.5 trillion by 2021. The State of the Global Islamic Economy Report 2016/17 brings you the latest developments and trends from this economy whilst also acting as a roadmap for you and your business to profit from this rising global market. The Report has been produced by ThomsonReuters.
The Islamic Economy continues to evolve, driven by young Muslims asserting their values, and requiring companies to provide products and services that meet their faith-based needs. Indeed, the statistics speak for themselves, with the Islamic Economy estimated to be worth $1.9 trillion in 2015.
In a first for this Report, 172 industry participants were surveyed on their sector’s performance. Businesses confirm that the aggregate Islamic Economy is a high-growth segment, with 69 percent considering sector performance to be good or excellent for them, and 86 percent of respondents either optimistic or very
optimistic about future prospects (indicating future intent to continue to invest in this space.) Separately, another first for this report series has been millennial consumer sentiment about the Islamic Economy using social media data analysis. From 425k interactions analyzed, 76 percent of sentiments were positive.
Key Islamic economy sectors covered by the Global Islamic Economy Report 2016/17 are:
Food & Beverage
Cosmetics/ Personal care
Special Brief : Healthcare
Special Brief : Education
Read online here or Download
Download Here SalaamGateway