$255 billion
of Halal products (food, pharma, cosmetics) exports to OIC* countries
(2019)
Signals of opportunities
Big
Impact
Small
Impact
Weak
Signal
Strong
Signal
Government Benchmarks
Investments
$11.8 billion
investments in 2019/20*
-13% growth YOY
Global FDI*: down by up to 40% in 2020; further decrease by 5-10% in 2021; begin to recover in 2022
However, Islamic economies with $3.2 trillion (2019) in sovereign wealth fund assets, enabling food security investments (KSA, UAE, Qatar)
COVID-19 Impact Projections
The Global Islamic Economy
Represented by $2.02 trillion of consumer spending by 1.9 billion Muslims across six real-economy sectors (2019 est.)
$2.88 trillion of Islamic finance assets (2019 est.)