Indonesia and Malaysia Dominate Global Halal Investments in 2019/2020: State of the Global Islamic Economy

According to the State of the Global Islamic Economy (SGIE) Report 2020/2021, total investment in the global Halal economy reached USD 11.8 billion in 2019/2020, down 13% year-on-year due to the impact of COVID-19. Investments were dominated by Indonesia with a total of 38 halal investment transactions (25% of all deals recorded), followed by Malaysia with 31 transactions.

Rafiuddin Shikoh, CEO and Managing Director of Dinar Standard, highlighted that Indonesia and Malaysia’s dominance of global Halal investments indicate the strong growth of the Halal economy within Southeast Asia.

Based on sector type, the largest investments were in the Halal foods and Islamic finance sect...