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The Halal World
9/12/2013 Hour 14:23

Islamic economy in 2013

According to 2103 State of the Global Islamic Economy report by Thomson Reuters, in collaboration with Dinarstandards, its core sectors (below) are structurally impacted by Islamic values and driven by end user, retail and business, needs and demands:

• Food: US$1.09 trillion expenditures (2012)
• Clothing: US$224 billion
• Travel: US$137 billion
• Media/Recreation: US$151 billion
• Pharmaceuticals: $70 billion
• Cosmetics: US$26 billion
• Islamic finance: US$1.3 trillion

The non-Muslim/non-Islamic players dominate the Halal food sector, top 10 exporters are non-Organisation of Islamic Cooperation countries and 85% of food supply chain is controlled by non- Muslims. The report will attract other such players looking to capture growth stories in today’s low growth environment of 2%.