بِسْمِ اللهِ الرَّحْمٰنِ الرَّحِيْمِ
In the Name of God, the Most Gracious, the Most Merciful

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Muslim Judicial Council Halaal Trust (Est. 1945)


Your halal symbol of Trust & Integrity

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State of Global Islamic Economy Report – 2019/20

Categories: Global Movements

The State of the Global Islamic Economy Report is now in its seventh Annual Edition and shines an ever-strong spotlight on the 1.8 billion Muslim consumers around the world.

This year’s Report estimates that Muslims spent US$2.2 trillion in 2018 across the food ,pharmaceutical and lifestyle sectors that are impacted by Islamic faith-inspired ethical consumption needs. This spending reflects a healthy 5.2% year-on-year growth and is forecasted to reach US$3.2 trillion by 2024 at a Cumulative Annual Growth Rate (“CAGR”) of 6.2%. In addition, Islamic finance assets were reported to have reached $2.5 trillion in 2018.

https://onedrive.live.com/?cid=A2F551B59D154548&id=A2F551B59D154548%21652&parId=A2F551B59D154548%21424&o=OneUp

Author: MJC Halaal Trust