The UAE Presents Investment Opportunities Worth AED 85 billion within the Islamic Economy

The Islamic Economy (the Economy) consists of Muslim-majority countries that have economic and financial sectors complying with Shariah law.

Data from the ‘State of the Global Islamic Economy Report 2019/20’, indicates that the economy was worth USD 2.2 trillion (in terms of consumer spending) in 2018, and is projected to reach USD 3.2 trillion by 2024, representing an annual increase of 6.2% (CAGR) over the period.

While Malaysia dominates the Economy, the United Arab Emirates (UAE) has been showing strong growth potential, ranking first in five of the seven key sectors that make up the Economy, which includes Halal food, modest fashion, media, recreation, pharma and cosme...