State of the global islamic economy report 20192020. The only report that gives you the facts and figures for the halal industry worldwide, a must have for anyone in the business. The global islamic economy summit gies is the worlds. With 189 member countries, staff from more than 170 countries, and offices in over locations, the world bank group is a unique global partnership. David parker, cochief investment officer of bahrain edb and board member of bahrain fintech bay, shares his vision on technology in islamic finance for bahrain. Global business city rankings and key figures on cities. Local wisdom, islamic economy, and banking dialectic find, read and cite all the research. Concluding remarks 77 four islamic economics in practice 79 1. The report has been commissioned by dubai capital of the islamic economy and is produced by. In todays rapidly evolving marketplace environment, key business issues are converging with impacts felt across multiple industry sectors. Gain access to the latest news, insights and data on the islamic economy through salaam gateway. While islamic finance has not kept pace with the conventional banking sectors adoption of fintech, change is happening through the development of digital banking and other fintech solutions and processes, including blockchain technology implemented by the islamic development bank to develop shariahcompliant products in order to.
Global islamic economy summit 2016 to focus on future of. The global competitiveness report 20172018 v the global competitiveness report 20172018 comes out at a time when the global economy has started to show signs of recovery and yet policymakers and business leaders are concerned about the prospects for future economic growth. An inclusive ethical economy state of the global islamic economy report 201819 2. State of the global islamic economy report haladinar. This report has identified 90 islamic fintech startups globally that are delivering customerfacing financial service solutions, 65 of which are providing peertothe fourth industrial revolution has driven tremendous innovation in the global financial services industry, with over 12,000 startups emerging. The use of dinar standard in global islamic economy. The 201920 state of the global islamic economy report presents the continued momentum of the islamic. But with growth still above potential in most dm economies, we look for continued labor market tightening, gradually rising core in. Launched at the recent gies 2018 you can now download your free issue of the state of the global islamic economy report 201819 here. A sharia board also shariah supervisory board, advisory board or religious board certifies islamic financial products as being shariacompliant i.
Global halal food and beverage market size industry. Difc and dubai islamic economy development centre diedc in partnership with thomson reuters are pleased to invite you to the global islamic economy outlook 2019. Thomson reuters digital islamic economy report for 2015 indicates growing significance of muslim consumers to the global digital economy digital islamic economy growing at a faster rate than the global digital economy. With eight most authentic and widely respected annual reports, the gifr has gained recognition and accolade from the islamic financial services industry.
Report of the national intelligence councils 2020 project based on consultations with nongovernmental experts around the world december 2004 to obtain a copy of this publication, please contact. Their recent 20192020 report has just launched across major cities globally, including new york, dubai, kuala lumpar, jakarta and sydney. Besides reports on its key events and standalone publications such as the global competitiveness report, the global risks report and the global gender gap report, the. Global islamic economy report 201617 brings you the latest developments and trends. The indicator aims to introduce a new way of measuring development by combining data of the different elements of the sectors into a singular composite indicator. Held under the patronage of his highness sheikh mohammed bin rashid al maktoum, vice president and prime minister of the uae and ruler of dubai, the summit brings together influential policymakers and experts to address the greatest challenges and opportunities in. Statistics on state of the global islamic economy report the sgie report is known to be a source of information, inspiration and motivation for the islamic economy worlds most successful leaders, executives, investors and entrepreneurs. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub segments from 2014 to 2025.
To be consistent with the principles of islamic law or at least an orthodox interpretation of the lawand guided by islamic economics, the contemporary movement of islamic banking and finance prohibits a variety of activities, some not illegal in secular states. The burgeoning islamic economy is growing at nearly double the global rate. Get involved in the global islamic economy summit 2015, bringing together over 2,000 policymakers and business leaders to connect from across the islamic world and beyond. Global islamic economy, dubai, united arab emirates. Pdf risksharing in conventional and islamic finance. A world bank group flagship report june 2017 global. Islamic economy is one of the fastest growing segments worldwide that estimated to be worth s3 trillion in 2021 with an average cagr growth of 8%.
State of the global islamic economy report 201819 1. As the most comprehensive marketbased report, it has received tremendous recognition and support from leading islamic financial institutions and policymaking bodies. Government printing office gpo, superintendent of documents, po box 391954. This groundbreaking report defines and provides a comprehensive view of the islamic economy as well as its future potential to facilitate investments and industry growth. Thomson reuters state of global islamic economy 201718 report defines and provides a comprehensive view of the islamic economy as well as its future potential to facilitate investments and industry growth. Financial stability and payment systems report 2017 93 islamic finance development islamic banking performance of the islamic banking sector shariahcompliant financial solutions offered by the islamic banking industry including by development financial institutions, continued to support the diverse needs of the economy in 2017.
Thomson reuters releases the islamic social finance report. According to the third edition of the global islamic economy indicator giei, which measures the strength of the islamic economy for 73 countries, across supply and demand drivers, governance, awareness and social considerations, the uae was ranked second after malaysia and took the first position in 5 sectors. Thomson reuters report features ethica institute of islamic finance. It is a global level composite indicator with selected national and industry. The annual state of the global islamic economy report sgie is the goto reference for investors, entrepreneurs and industry executives for everything islamic halal related. The global islamic economy indicator is a composite weighted index that measures the overall development of the islamic economic sectors by assessing the performance of its parts in line with its broader social obligations. Because compliance with shariah law is the underlying reason for the existence of islamic finance, islamic banks and conventional banking institutions that offer islamic banking products and services should. A central matter is the growing importance of financial technology in the entire global financial industry and the readiness for adoption, the report continues.
Distribution of global islamic banking assets in the second quarter of 2018, by country. State of the global islamic economy 201718 zawya mena. Advisory and policy support for sme finance mainly includes diagnostics, implementation support, global advocacy and knowledge sharing of good practice. The global islamic economy indicator is meant to be a true barometer of the state of the islamic economic sectors across their fundamentals. Dubai, united arab emirates thomson reuters, the worlds leading source of intelligent information for businesses and professionals, released today the islamic social finance report 2014 in collaboration with the islamic research and training institute irti, a member of the islamic development bank group the report is the first of its kind study covering islamic social finance.
This year the report introduces a formal global islamic economy indicator. For the purpose of this study, grand view research has segmented the global halal food and beverage market report on the basis of product and region. Global islamic banking assets by country 2017 statista. The world economic forum publishes a comprehensive series of reports which examine in detail the broad range of global issues it seeks to address with stakeholders as part of its mission of improving the state of the world. Historical context the 1979 islamic revolution changed irans modern political and economic history. State of the global islamic economy report 201819 slideshare. Total assets increased by only about 2% in 2018, compared with 10% in 2017, after a decline in the sukuk market, which saw strong performance the previous year. The global islamic economy indicator giei is a composite weighted index intended to show the current state of islamic economy indicators across each of the islamic economy pillars that have been defined in this report series. Silhouette shot of downtown kuala lumpur skyline, malaysia. The global islamic economy indicator giei 9 leaders 1 islamic economy generates 8.
The state of the global islamic economy 20 report fills this gap and is being exclusively released as part of the global islamic economy summit 20. This is the seventh edition of the global terrorism index gti. Much has hap pened since the launch of the inaugural state of the global islamic economy report last year. The dubai islamic economy development centre and dubai chamber of commerce and industry, in partnership with thomson reuters, are organizing the. The global islamic economy summit gies is the worlds largest and most comprehensive forum dedicated to the islamic economy. Insight report the global competitiveness report 20172018. For the purpose of this study, grand view research, inc. The global islamic economy group is the hub that inspires projects, connects visionaries, and leads to investments that deliver on a. State of the global islamic economy report launch dubai. Pdf state of the global islamic economy dinarstandard. Thomson reuters is proud to present the first state of the global islamic economy report 20 developed in collaboration with dinar standard and. The economybased terrorist funding global report on islamic finance the islamic states global propaganda strategy a global strategy for combating al qaeda and the islamic state the islamic state and information warfare defeating isis and the broader global jihadist movement from paper state to caliphate. State of the global islamic economy report 2015 dinarstandard. A world bank group flagship report global economic prospects june 2017 a fragile recovery.
State of the global islamic economy report islamic state. What are the key trends, challenges, and opportunities that may affect your. The ideology of the islamic state global health report report india mapping africas islamic economy shaping the growth of the. Thomson reuters digital islamic economy report thomson. The state of the global islamic economy report is developed by thomson reuters in collaboration with dinarstandard and supported by the dubai capital of islamic economy. The 201415 state of the global islamic economy report presents the. Our approach is holistic, combining advisory and lending services to clients to increase the contribution that smes can make to the economy including underserved segments such as women owned smes. Pdf on oct 20, 2016, aan jaelani and others published economy, culture, and global islamic economy. State of the global islamic economy report 20182019. Islamic clothing market size, share industry trends. The fifth edition of the state of the global islamic economy report 201718 brings you the. Their recent 20192020 report has just launched across major cities globally, including new york, dubai, kuala lumpar, jakarta and. Ifsb financial stability report 2015, kfhr, imf islamic finance makes into g20 agenda 2015the g20 group of major nations has included discussion of sukuk islamic bonds as aninfrastructure financing tool in its annual agenda, a move that could potentially spur the use of project.