Startup ecosystem across the Islamic economy is thriving. Muslim consumer value to the global digital economy estimated at $107B in 2014 and projected to grow at 17% CAGR to $277B in 2020. This presentation looks at recent activity, challenges, and opportunities. #Halal #IslamicEconomy

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Islamic Economy Related
Startups & Sharing Economy
Rafi-uddin Shikoh, CEO,
Presented by:

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1. IE startup ecosystem & innovations
2. IE startup financing ecosystem
3. Challenges & Opportunities
OUTLINE
3Islamic Economy (IE) Related Startups &
Sharing Economy

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IE startup ecosystem & innovations 4
Muslim consumer value to the global digital
economy estimated at $107B in 2014 and
projected to grow at 17% CAGR to $277B in
2020.
Two key drivers:
1. General lifestyle needs: 4 categories of
global digital services: Information &
media (Google, iTunes), Functional tools &
services (Skype, PayPal), Commerce &
exchange (Ebay, AirBnB) and Social &
crowd networks (Facebook).
2. Islamic law/ spirituality lifestyle needs:
Religious lifestyle productivity, Halal food
ratings and review, Modest clothing,
among others
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IE startup ecosystem & innovations 5
1. Global Digital Services most all serve “General Lifestyle Needs” of
Muslim consumers
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IE startup ecosystem & innovations 6
2. Report defines “Digital Islamic Services” as those digital-native,
consumer-facing services whose primary offering is driven by ‘Islamic’
content or requirement.
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IE startup ecosystem & innovations 7
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IE startup ecosystem & innovations 8
400+ IE focused startups tracked since 2013 that go beyond digital
• 400+ startups since 2013;
• many new 2017;
• existing ecosystem of 2500+ companies

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1. IE startup ecosystem & innovations
2. IE startup financing ecosystem
3. Challenges & Opportunities
OUTLINE
9Islamic Economy (IE) Related Startups &
Sharing Economy

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IE startup financing ecosystem 10
OIC investments in start-ups are low relative to global
start-up financing
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IE startup financing ecosystem 11
OIC Startup financing landscape 2015
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IE startup financing ecosystem 12
Robust emerging ecosystem for Islamic Economy startups
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13. #TurinTIEF17 @TurinTIEF
1. IE startup ecosystem & innovations
2. IE startup financing ecosystem
3. Challenges & Opportunities
OUTLINE
13Islamic Economy (IE) Related Startups &
Sharing Economy

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Challenges & Opportunities 14
The IE startup ecosystem is facing many challenges
• While startup capital - first rounds are
happening (2nd rounds at risk) given
lack of sustainable or breakthrough
growth or actual revenues/ income
• Rare exits to show
• Scale and reach challenges -- product
innovation/ customer uptake;
marketing reach; technology issues

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Challenges & Opportunities 15
Clear Opportunities
exist within ‘General
Lifestyle’ and ‘Islamic
Digital Services’
Startups
Both for Italy based
investors and
elsewhere
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16
Free Resources for all this and more data/insights
The Halal Economy
www.salaamgateway.com
State of the Global Islamic Economy Report
www.dinarstandard.com