29 Jun, 22

OIC body SMIIC releases halal tourism standard

The Standards and Metrology Institute for the Islamic Countries (SMIIC) has released a standard for Halal Tourism Services. The Organisation of Islamic Cooperation (OIC) body said on Monday (Dec 6) that OIC/SMIIC 9:2019, Halal Tourism Services – General Requirements aims to ensure that products and services provided for Muslim travelers are in accordance with Islamic rules. […]
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29 Jun, 22

State of the Global Islamic Economy

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 […]
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29 Jun, 22

State of the Global Islamic Economy 2020-21 Report

Description The State of the Global Islamic Economy report since 2013 has covered the key sectors that are structurally affected by Islamic teachings and requirements: Islamic finance, Halal Food and Beverages, Halal Pharmaceuticals, Halal Cosmetics, Muslim-friendly travel; Modest fashion; Islamic-themed media and recreation. Despite the havoc wreaked by COVID-19, the past year saw many notable […]
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29 Jun, 22

Global Islamic finance industry assets to reach $3.69 trln by 2024 from $2.88 trln in 2019 – study

Global Islamic finance industry assets to reach $3.69 trln by 2024 from $2.88 trln in 2019 – study What were the biggest developments in the global Islamic finance industry in 2019-2020? The State of the Global Islamic Economy 2020/21 report from DinarStandard gives a detailed breakdown of the movements in the industry, with the headline […]
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29 Jun, 22

Muslim expenditure in global Islamic economy to fall 8% in 2020 due to COVID-19 – study

The COVID-19 pandemic will result in an estimated 8% decrease in Muslim expenditure between 2019 and 2020 in the Islamic economy sectors ex-finance, according to the State of the Global Islamic Economy 2020/21 report from DinarStandard.  The report estimates Muslims spent $2.02 trillion in 2019 across the food, pharmaceutical, cosmetics, fashion, travel and media/recreation sectors, up 3.2% […]
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29 Jun, 22

Halal food industry: 2019-20 ‘momentous’ with launch of new national strategies

What were the biggest developments in the global halal food industry in 2019-2020? The State of the Global Islamic Economy 2020/21 report from DinarStandard gives a detailed breakdown of the movements in the industry, with the biggest developments being national halal strategies and the impact of COVID-19.  MARKET SIZE The three biggest F&B consumer markets […]
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29 Jun, 22

Not anytime soon: Muslim expenditure on travel will only reach pre-pandemic levels by 2023 – study

What were the biggest developments in the global Muslim-friendly travel industry in 2019-2020? The State of the Global Islamic Economy 2020/21 report from DinarStandard gives a detailed breakdown of the movements in the industry, with the headline being the adverse impact the COVID-19 pandemic has had on the world’s travel industry.  MARKET SIZE Muslims globally spent […]
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29 Jun, 22

COVID-19: Impact on the Islamic Economy

COVID-19’s Global Impact on GDP and Employment  The global economy is forecast to shrink by 5.2% in 2020, making this  the steepest global recession since World War II  According to the World Bank’s baseline forecast, the global economy is forecasted to shrink by 5.2% in 2020,the steepest global recession since WWII, and nearly triple […]
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29 Jun, 22

THE CIRCLE H INTERNATIONAL SHARIA ADVISORY COUNCIL ANNOUNCES GROUNDBREAKING HALAL CERTIFICATION GLOBAL EQUITY INITIATIVE 2021-2022

Circle H Now Protects and Supports Muslim Consumer Access and Business Development Worldwide New York; Cairo; Ridyadh; Abu Dhabi; Jakarta; London; Islamabad; Kuala Lumpur:   100 Morris Avenue Springfield, NJ 07081, United States, Oct. 12, 2021 (GLOBE NEWSWIRE) — The Circle H Sharia Advisory Council (“Council”) is pleased to announce and support the groundbreaking  Circle H […]
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29 Jun, 22

Investree announces second round ‘green financing’ partnership with Java Mountain Coffee, empowering indigenous rural women

Bali, Indonesia, September 2019 – Investree (PT Investree Radhika Jaya), Indonesia’s leading marketplace lending, announces a second round ‘green financing’ partnership with social enterprise Java Mountain Coffee, to enable Java Mountain Coffee offer guests of Four Seasons Resorts Bali farm fresh sustainable Indonesian coffee filled into biodegradable coffee capsules. This second round ‘green financing’ partnership […]
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