Takeaways from the State of the Global Islamic Economy Report 2020/21 will be unveiled at Reimagine: Halal in Asia 2020, providing insights on capturing opportunities in the resilient Muslim market Malaysia (#1) once again tops Global Islamic Economy Indicator for the eighth year. New entrants to the top 15 include Singapore, Sri Lanka, and Nigeria. Travel worst hit while food segment fares the best; global spend on Halal food and beverage forecast to hit US$1.38 trillion by 2024. Investments in Islamic economy-relevant companies totalled US$11.8 billion in 2019/20, a decline of 13 percent compared to the previous year. Indonesia (#1) and Malaysia (#2) ranked ahead in terms of investment activities, while Halal food sector expanded by 219% to $6.3 billion in total deal value. 33 key signals of opportunities identified including: tokenisation of sukuks (Islamic bonds) within Islamic fintech, supply chain shifts, food security investments, nutraceutical demand, domestic tourism, and accelerated digital transformations. SINGAPORE – Media OutReach – 1 December 2020 – CollabDeen and #HaveHalalWillTravel, Singapore-based Halal lifestyle digital platforms, in partnership with DinarStandard, a US-based research and advisory firm, are hosting a Southeast Asia launch of the State of the Global Islamic Economy Report (SGIE) 2020/21 at the inaugural… Read full this story
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