Malaysian-firm Innovacia acquired Dutch sports hijab pioneer, Capsters, for an undisclosed amount.
Egypt’s Dice manufacturing, a producer of sports and casual wear for men and women, raised $3.4 million.
Top countries with # of related deals
COVID-19 Impact Projections
Represented by $277 billion of spending by 1.9 billion Muslims on clothing (2019 est.)
Top 5 modest fashion Muslim consumer markets (2019)
Not optimized for smaller screens
All estimates by DinarStandard Research & Advisory. Muslim consumer spend estimates & analysis by DinarStandard leveraging World Bank’s ICP 2017 consumer data as baseline reference. Projections base-lined using IMF Outlook from April 2020. Halal and related products exports based on ITC Trademap 2019 data. Investments (figures and individual deals) are based on a detailed scan of databases from CapitalIQ, Crunchbase, White & Case, KPMG and DinarStandard analysis from 1st August 2019 to 31st July 2020. Full methodology in appendix. OIC = Organization of Islamic Cooperation, 57 mostly Muslim-majority member countries.