The document summarizes the key findings of the 2020/2021 State of the Global Islamic Economy Report. It finds that global Muslim spending on food, pharmaceuticals, cosmetics, fashion, travel and media/recreation sectors was estimated at $2.02 trillion in 2019, representing a 3.2% annual growth, though the pandemic is expected to result in an 8% decrease in 2020 spending. Islamic finance assets were estimated at $2.88 trillion in 2019 and are projected to reach $3.69 trillion by 2024. The pandemic has disrupted sectors differently, with travel the worst hit and food faring better.
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Rencana Strategis Departemen Pendidikan Nasional Tahun 2005-2009 memuat visi, misi, dan kebijakan pembangunan pendidikan nasional untuk mencapai tujuan pembangunan pendidikan jangka panjang hingga tahun 2025. Rencana ini mencakup program-program pendidikan anak usia dini, pendidikan dasar, menengah, tinggi, nonformal, serta penelitian dan pengembangan pendidikan untuk mewujudkan pemerataan akses, peningkatan
Dokumen tersebut membahas tentang politik anggaran dan strategi pem bahasan perubahan APBD. Secara garis besar membahas tentang siklus penyusunan anggaran daerah, dasar hukum perubahan APBD, jadwal penyusunan KU-P dan PPAS-P, penyusunan DPPA-SKPD, dan klasifikasi belanja.
Disampaikan untuk pejabat/pegawai di lingkungan BPSDM Hukum dan HAM serta pembina kepegawaian Unit Utama di lingkungan Kementerian Hukum dan HAM
Dr. Tri Widodo Wahyu Utomo, SH.,MA
Deputi Kajian Kebijakan & Inovasi Administrasi Negara LAN RI
Jakarta, 22 April 2021
Ruang Lingkup, Prinsip dan Pendekatan Perencanaan Pembangunan Daerah Dadang Solihin
Dokumen tersebut membahas profil Dr. Dadang Solihin dan berisi materi tentang perencanaan pembangunan daerah, termasuk regulasi, tahapan, dokumen perencanaan, serta peran para pelaku pembangunan.
Konvergensi, Pertumbuhan Ekonomi dan KetimpanganM Anwar Solichin
Dokumen tersebut membahas tentang pertumbuhan ekonomi dan ketimpangan regional di Kabupaten Banjarnegara. Secara umum menunjukkan adanya pertumbuhan ekonomi yang positif dengan rata-rata 4,08% per tahun namun terdapat ketimpangan antar kecamatan.
[Ringkasan]
Rencana Strategis Departemen Pendidikan Nasional Tahun 2005-2009 memuat visi, misi, dan kebijakan pembangunan pendidikan nasional untuk mencapai tujuan pembangunan pendidikan jangka panjang hingga tahun 2025. Rencana ini mencakup program-program pendidikan anak usia dini, pendidikan dasar, menengah, tinggi, nonformal, serta penelitian dan pengembangan pendidikan untuk mewujudkan pemerataan akses, peningkatan
Dokumen tersebut membahas tentang politik anggaran dan strategi pem bahasan perubahan APBD. Secara garis besar membahas tentang siklus penyusunan anggaran daerah, dasar hukum perubahan APBD, jadwal penyusunan KU-P dan PPAS-P, penyusunan DPPA-SKPD, dan klasifikasi belanja.
Disampaikan untuk pejabat/pegawai di lingkungan BPSDM Hukum dan HAM serta pembina kepegawaian Unit Utama di lingkungan Kementerian Hukum dan HAM
Dr. Tri Widodo Wahyu Utomo, SH.,MA
Deputi Kajian Kebijakan & Inovasi Administrasi Negara LAN RI
Jakarta, 22 April 2021
Ruang Lingkup, Prinsip dan Pendekatan Perencanaan Pembangunan Daerah Dadang Solihin
Dokumen tersebut membahas profil Dr. Dadang Solihin dan berisi materi tentang perencanaan pembangunan daerah, termasuk regulasi, tahapan, dokumen perencanaan, serta peran para pelaku pembangunan.
Konvergensi, Pertumbuhan Ekonomi dan KetimpanganM Anwar Solichin
Dokumen tersebut membahas tentang pertumbuhan ekonomi dan ketimpangan regional di Kabupaten Banjarnegara. Secara umum menunjukkan adanya pertumbuhan ekonomi yang positif dengan rata-rata 4,08% per tahun namun terdapat ketimpangan antar kecamatan.
Masterplan Percepatan dan Perluasan Pengurangan Kemiskinan Indonesia (MP3KI)Oswar Mungkasa
MP3KI bertujuan untuk mempercepat pengurangan kemiskinan di Indonesia dengan meningkatkan sistem perlindungan sosial, peningkatan pelayanan dasar bagi masyarakat miskin, dan pengembangan penghidupan berkelanjutan. Program ini akan diimplementasikan secara terpadu dengan MP3EI untuk mencapai pertumbuhan ekonomi yang inklusif.
Proyeksi perkembangan industri pangan nasional & pengaruhnya thd konsumsi berasF W
dipresentasikan pada diskusi dan analisis kebijakan pangan dan pertanian Kementerian Perekonomian, mengupas tuntas rencana dan strategi untuk mencapai ketahanan pangan nasional melalui komoditi beras, Rabu 16 Nopember gedung Olveh , jalan Jalan Jembatan Baru no 50, Pinangsia, Jakarta Barat
- Bab ini membahas tentang kontrak perkuliahan, pengertian pembangunan, paradigma pembangunan, dan perbedaan antara pembangunan dan pertumbuhan ekonomi. Materi akan disampaikan dalam beberapa pertemuan dan diakhiri dengan ujian.
Dokumen tersebut membahas tentang konsep ketahanan pangan di Indonesia. Secara garis besar, ketahanan pangan didefinisikan sebagai kondisi di mana terpenuhinya kebutuhan pangan rumah tangga dalam hal jumlah, mutu, keamanan, ketersediaan, dan aksesibilitas. Untuk mencapai ketahanan pangan, diperlukan upaya meningkatkan produksi, distribusi, dan konsumsi pangan secara berkelanjutan.
Beberapa pertanyaan dalam perencanaan pembangunanYuca Siahaan
Dokumen tersebut membahas perbedaan pertumbuhan ekonomi, pembangunan ekonomi, dan perkembangan ekonomi. Juga membahas alasan mengapa suatu wilayah harus direncanakan dan komponen-komponen perencanaan strategis seperti visi, misi, tujuan, dan strategi. Termasuk contoh studi kelayakan investasi pembangunan pasar dan dokumen-dokumen perencanaan yang perlu disusun berdasarkan UU."
Strategi percepatan pembangunan daerah tertinggal Frans Dione
Dokumen tersebut membahas tentang konsep daerah tertinggal dan strategi percepatan pembangunan daerah tertinggal. Ada beberapa penyebab daerah menjadi tertinggal seperti keterbatasan sarana prasarana, kebijakan pembangunan yang tidak tepat, sumber daya manusia yang rendah, serta potensi sumber daya alam yang belum dimanfaatkan secara optimal. Untuk mempercepat pembangunan, dibutuhkan penyediaan infrastruktur,
Manajemen Pembangunan: Teori dan Praktek di IndonesiaDadang Solihin
Kegagalan Perencanaan karena mengikuti paradigma yang ternyata tidak sesuai dengan kondisi dan perkembangan serta tidak dapat mengatasi masalah mendasar negara berkembang.
Pembangunan Sosial dan Kesejahteraan Sosial di IndonesiaRusman R. Manik
Teks tersebut membahas konsep kesejahteraan sosial dan pembangunan sosial di Indonesia berdasarkan UU 11/2009 dan berbagai teori. Pembangunan sosial didefinisikan sebagai proses perubahan sosial terencana untuk meningkatkan kesejahteraan masyarakat melalui peningkatan kapasitas individu, kelompok, dan kelembagaan serta menciptakan kemandirian. Strateginya meliputi pemberdayaan, pembangunan kelembaga
Pengembangan Fungsional Perencana di IndonesiaDadang Solihin
Dokumen tersebut membahas tentang Jabatan Fungsional Perencana (JFP) yang mencakup definisi, peraturan, syarat pengangkatan, kegiatan yang dinilai, dan kenaikan pangkat/jabatan. JFP merupakan salah satu jalur karier bagi PNS selain struktural yang didasarkan pada keahlian dan prestasi kerja.
Salinan Peraturan LAN 10 Tahun 2021 tentang Perubahan Atas Peraturan LAN 1 Ta...Coach RFIRMANS
Peraturan ini mengubah beberapa ketentuan dalam Peraturan Lembaga Administrasi Negara Nomor 1 Tahun 2021 tentang Pelatihan Dasar Calon Pegawai Negeri Sipil. Perubahan tersebut meliputi kurikulum pembelajaran, struktur kurikulum, pelaksanaan kurikulum, rapat evaluasi, dan ketentuan kelulusan.
Analisis LQ, DLQ, SS, dan klassen di provinsi riauOpissen Yudisyus
Dokumen tersebut memberikan ringkasan hasil analisis tiga metode untuk mengukur potensi sektor ekonomi di Provinsi Riau, yaitu metode
LQ, DLQ, dan SS. Hasil analisis menunjukkan bahwa sektor pertanian dan penggalian merupakan sektor basis di Riau sedangkan tujuh sektor
lainnya adalah non-basis. Seluruh sektor di Riau memiliki potensi pertumbuhan lebih cepat dari nasional. Sektor
Dokumen tersebut merangkum proses sensus penduduk dan registrasi penduduk serta perbedaan antara keduanya. Proses sensus penduduk meliputi pengumpulan, pengolahan, penilaian, analisis, penyajian, dan penerbitan data demografi, sosial, ekonomi, kesehatan, dan lingkungan hidup untuk seluruh penduduk di suatu wilayah tertentu pada waktu tertentu. Sementara itu, registrasi penduduk adalah sistem p
Dokumen tersebut membahas arahan kebijakan pengembangan UMKM tahun 2022 meliputi pengelolaan terpadu UMKM, arah kebijakan DAK fisik untuk UMKM, dan DAK non fisik untuk pengembangan kapasitas UMKM."
As covid 19 is on its path of disrupting and damaging world economies, the economy of India is also not unaffected. With this review paper it has been tried to find the various impacts of lockdown and covid 19 on tourism industry specifically in India. Impact of corona on Indian economy, tourism, and other parts of tourism will be analyzed with the help of content analysis. Medical tourism being hit at large will also be discussed apart from other sections of tourism in India. This paper will also attempt to gather the views on responsible tourism and will gather the suggested possible frameworks for government and bureaucrats to consider. Bringing equality, social justice and oneness are some of the important aspects associated with tourism cohesively and so an attempt has been made to draw attention towards them in the study. Abhimanyu Awasthi | Md. Soyav | Kumari Shiwani "Effect of Covid-19 on Tourism Industry" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd38070.pdf Paper URL : https://www.ijtsrd.com/management/business-administration/38070/effect-of-covid19-on-tourism-industry/abhimanyu-awasthi
Economic impact of COVID-19 lock down on small medium enterprise (smes) in la...SubmissionResearchpa
The effect of COVID-19 has negative consequence which has been an invisible enemy raging the entire world populace leading to a global economic crisis. Business across the globe are feeling the negative outcome of the COVID 19 pandemic threatening their ongoing economic daily activities. SMEs in Nigeria are not left out in the share of this negative pandemic, limiting their survival existence. The shutdown of economic activities has greatly affected SMEs in Nigeria. This has led to employees under SMEs lose their jobs. It was concluded that adequate measures needs to be taken by government to cushion the negative effect of COVID 19 in collapsing the existence of SMEs. by Aribisala, and Oluwadamilare Olufolarin 2020. Economic impact of COVID-19 lock down on small medium enterprise (smes) in lagos state. International Journal on Integrated Education. 3, 7 (Jul. 2020), 62-68. DOI:https://doi.org/10.31149/ijie.v3i7.490. https://journals.researchparks.org/index.php/IJIE/article/view/490/467 https://journals.researchparks.org/index.php/IJIE/article/view/490
Masterplan Percepatan dan Perluasan Pengurangan Kemiskinan Indonesia (MP3KI)Oswar Mungkasa
MP3KI bertujuan untuk mempercepat pengurangan kemiskinan di Indonesia dengan meningkatkan sistem perlindungan sosial, peningkatan pelayanan dasar bagi masyarakat miskin, dan pengembangan penghidupan berkelanjutan. Program ini akan diimplementasikan secara terpadu dengan MP3EI untuk mencapai pertumbuhan ekonomi yang inklusif.
Proyeksi perkembangan industri pangan nasional & pengaruhnya thd konsumsi berasF W
dipresentasikan pada diskusi dan analisis kebijakan pangan dan pertanian Kementerian Perekonomian, mengupas tuntas rencana dan strategi untuk mencapai ketahanan pangan nasional melalui komoditi beras, Rabu 16 Nopember gedung Olveh , jalan Jalan Jembatan Baru no 50, Pinangsia, Jakarta Barat
- Bab ini membahas tentang kontrak perkuliahan, pengertian pembangunan, paradigma pembangunan, dan perbedaan antara pembangunan dan pertumbuhan ekonomi. Materi akan disampaikan dalam beberapa pertemuan dan diakhiri dengan ujian.
Dokumen tersebut membahas tentang konsep ketahanan pangan di Indonesia. Secara garis besar, ketahanan pangan didefinisikan sebagai kondisi di mana terpenuhinya kebutuhan pangan rumah tangga dalam hal jumlah, mutu, keamanan, ketersediaan, dan aksesibilitas. Untuk mencapai ketahanan pangan, diperlukan upaya meningkatkan produksi, distribusi, dan konsumsi pangan secara berkelanjutan.
Beberapa pertanyaan dalam perencanaan pembangunanYuca Siahaan
Dokumen tersebut membahas perbedaan pertumbuhan ekonomi, pembangunan ekonomi, dan perkembangan ekonomi. Juga membahas alasan mengapa suatu wilayah harus direncanakan dan komponen-komponen perencanaan strategis seperti visi, misi, tujuan, dan strategi. Termasuk contoh studi kelayakan investasi pembangunan pasar dan dokumen-dokumen perencanaan yang perlu disusun berdasarkan UU."
Strategi percepatan pembangunan daerah tertinggal Frans Dione
Dokumen tersebut membahas tentang konsep daerah tertinggal dan strategi percepatan pembangunan daerah tertinggal. Ada beberapa penyebab daerah menjadi tertinggal seperti keterbatasan sarana prasarana, kebijakan pembangunan yang tidak tepat, sumber daya manusia yang rendah, serta potensi sumber daya alam yang belum dimanfaatkan secara optimal. Untuk mempercepat pembangunan, dibutuhkan penyediaan infrastruktur,
Manajemen Pembangunan: Teori dan Praktek di IndonesiaDadang Solihin
Kegagalan Perencanaan karena mengikuti paradigma yang ternyata tidak sesuai dengan kondisi dan perkembangan serta tidak dapat mengatasi masalah mendasar negara berkembang.
Pembangunan Sosial dan Kesejahteraan Sosial di IndonesiaRusman R. Manik
Teks tersebut membahas konsep kesejahteraan sosial dan pembangunan sosial di Indonesia berdasarkan UU 11/2009 dan berbagai teori. Pembangunan sosial didefinisikan sebagai proses perubahan sosial terencana untuk meningkatkan kesejahteraan masyarakat melalui peningkatan kapasitas individu, kelompok, dan kelembagaan serta menciptakan kemandirian. Strateginya meliputi pemberdayaan, pembangunan kelembaga
Pengembangan Fungsional Perencana di IndonesiaDadang Solihin
Dokumen tersebut membahas tentang Jabatan Fungsional Perencana (JFP) yang mencakup definisi, peraturan, syarat pengangkatan, kegiatan yang dinilai, dan kenaikan pangkat/jabatan. JFP merupakan salah satu jalur karier bagi PNS selain struktural yang didasarkan pada keahlian dan prestasi kerja.
Salinan Peraturan LAN 10 Tahun 2021 tentang Perubahan Atas Peraturan LAN 1 Ta...Coach RFIRMANS
Peraturan ini mengubah beberapa ketentuan dalam Peraturan Lembaga Administrasi Negara Nomor 1 Tahun 2021 tentang Pelatihan Dasar Calon Pegawai Negeri Sipil. Perubahan tersebut meliputi kurikulum pembelajaran, struktur kurikulum, pelaksanaan kurikulum, rapat evaluasi, dan ketentuan kelulusan.
Analisis LQ, DLQ, SS, dan klassen di provinsi riauOpissen Yudisyus
Dokumen tersebut memberikan ringkasan hasil analisis tiga metode untuk mengukur potensi sektor ekonomi di Provinsi Riau, yaitu metode
LQ, DLQ, dan SS. Hasil analisis menunjukkan bahwa sektor pertanian dan penggalian merupakan sektor basis di Riau sedangkan tujuh sektor
lainnya adalah non-basis. Seluruh sektor di Riau memiliki potensi pertumbuhan lebih cepat dari nasional. Sektor
Dokumen tersebut merangkum proses sensus penduduk dan registrasi penduduk serta perbedaan antara keduanya. Proses sensus penduduk meliputi pengumpulan, pengolahan, penilaian, analisis, penyajian, dan penerbitan data demografi, sosial, ekonomi, kesehatan, dan lingkungan hidup untuk seluruh penduduk di suatu wilayah tertentu pada waktu tertentu. Sementara itu, registrasi penduduk adalah sistem p
Dokumen tersebut membahas arahan kebijakan pengembangan UMKM tahun 2022 meliputi pengelolaan terpadu UMKM, arah kebijakan DAK fisik untuk UMKM, dan DAK non fisik untuk pengembangan kapasitas UMKM."
As covid 19 is on its path of disrupting and damaging world economies, the economy of India is also not unaffected. With this review paper it has been tried to find the various impacts of lockdown and covid 19 on tourism industry specifically in India. Impact of corona on Indian economy, tourism, and other parts of tourism will be analyzed with the help of content analysis. Medical tourism being hit at large will also be discussed apart from other sections of tourism in India. This paper will also attempt to gather the views on responsible tourism and will gather the suggested possible frameworks for government and bureaucrats to consider. Bringing equality, social justice and oneness are some of the important aspects associated with tourism cohesively and so an attempt has been made to draw attention towards them in the study. Abhimanyu Awasthi | Md. Soyav | Kumari Shiwani "Effect of Covid-19 on Tourism Industry" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd38070.pdf Paper URL : https://www.ijtsrd.com/management/business-administration/38070/effect-of-covid19-on-tourism-industry/abhimanyu-awasthi
Economic impact of COVID-19 lock down on small medium enterprise (smes) in la...SubmissionResearchpa
The effect of COVID-19 has negative consequence which has been an invisible enemy raging the entire world populace leading to a global economic crisis. Business across the globe are feeling the negative outcome of the COVID 19 pandemic threatening their ongoing economic daily activities. SMEs in Nigeria are not left out in the share of this negative pandemic, limiting their survival existence. The shutdown of economic activities has greatly affected SMEs in Nigeria. This has led to employees under SMEs lose their jobs. It was concluded that adequate measures needs to be taken by government to cushion the negative effect of COVID 19 in collapsing the existence of SMEs. by Aribisala, and Oluwadamilare Olufolarin 2020. Economic impact of COVID-19 lock down on small medium enterprise (smes) in lagos state. International Journal on Integrated Education. 3, 7 (Jul. 2020), 62-68. DOI:https://doi.org/10.31149/ijie.v3i7.490. https://journals.researchparks.org/index.php/IJIE/article/view/490/467 https://journals.researchparks.org/index.php/IJIE/article/view/490
Detailed write up on the impact of COVID on various aspects of life. This was published in the Mumbai university Research Journal in the month of June 2020.
The economies are integrate with each other and nations need cooperation and coordination among themselves to overcome the economic crisis. Moreover, the nations should co-operate, coordinate and help each other to fight against Coronavirus. Subject to immediate relief from pandemic, the economic recovery from this fatal disease is only possible by 2021. It has already left severe impacts on the global economy and the countries face multiple difficulties to bring it back in a stable condition.
Indian Economy: The Challenge Ahead Since India gainedalianwarrr55
Following India's economic victories, the country is confronted with a wide range of chances and challenges that represent Sarvesh Kaushal's vision fulfilled. The spirit of Kaushal's vision blends with the economic history of the country as the Indian economy continues its voyage of change, offering a powerful story of expansion, resiliency, and adaptability.
The Covid-19 Pandemic and Economic Fallout in South Asia.
Coherent national strategies, backed by regional cooperation efforts, offer a way forward for economic recovery in South Asia, which is rapidly becoming the next COVID-19 global hotspot. Challenges and policies relating to macroeconomics, health, economic sectors, stimulus measures, and reforms, which are all crucial for the region’s recovery are discussed.
The document discusses the impact of COVID-19 on street vendors in India. It saw both negative and positive impacts. Negatively, vendors faced losses of livelihood, increased business risks, and falling demand for goods. Positively, hygiene practices improved and the importance of the informal sector was recognized. Surveys found vendors cutting education or relying on essential goods. The pandemic transformed markets and increased security concerns. Both economic and non-economic impacts were widespread due to job losses across the informal sector.
Running head IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1.docxwlynn1
Running head: IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1
IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE 5
IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE
STUDENT’S NAME
PROFESSOR’S NAME
COLLEGE
DATE
Abstract
The major source of economic stabilization in Middle East countries is oil production and export. The recent pandemic is causing turbulence to the economies of the Middle East region. A sudden drop in domestic and external demand for goods and products especially crude oil, downfall in the crude oil prices, halts in the production due to labor shortage are some of the major impacts observed in the region. Additionally, falling consumer confidence coupled with the tightened financial condition is also decreasing the economic activities in the region. The World Travel and Tourism Council have warned the COVID-19 pandemic could cut 50 million jobs worldwide in the travel and tourism industry.Once the outbreak is over, it could take up to 10 months for the industry to recover. The tourism industry currently accounts for 10% of global GDP. The UAE economy derives much from its tourism industry. Studies project the travel and tourism industry will contribute about Dh312.4 billion to the UAE’s GDP by 2027. It is apparent that the industry and its employees are the backbone of the economy. But if businesses in this industry don’t receive immediate aid from the government, the chances of them surviving the coronavirus outbreak are slim even though they were growing at a commendable rate before the outbreak (Hill, 2020). The corona virus epidemic is putting up to 50 million jobs in the global travel and tourism sector at risk, with travel likely to slump by a quarter this year. The United Arab Emirates has implemented a travel ban on non-Emiratis residents, reduced customs fees and municipality fees, cut interest rates and is rolling out a $27 billion stimulus package to attempt to reduce the impact of the corona virus on the economy. With tens of thousands infected across the region and thousands of lives lost, it is clear that Covid-19 will exacerbate governance failures, sectarianism, tensions between secularists and Islamists, and deepens economic cleavages within and between the states. The United Arab Emirates began implementing social distancing measures whilst the virus was still at its infancy.
The impact would be felt most on the economic front as capital markets tumble, tourists evaporate in the midst of a ban on flights and lockdowns, and oil prices contract. Chinese buyers are involved in a significant portion of real estate transactions in the UAE. With China still recovering from the virus, these Chinese buyers have postponed making new purchases. Given the vast economy of UAE with its glut of property, even before the virus, this city-state is confronting economic catastrophe. With the UAE cancelling its Expo 2020and Saudi Arabia not allowing the annual haj pilgrimage to take place, hundreds of millions of dollars were lo.
The COVID-19 pandemic has severely impacted Bangladesh's economy, especially the critical readymade garment (RMG) industry. Exports from the RMG sector declined by nearly 17% in 2020 due to canceled orders from major importing countries in Europe and America. Millions of RMG workers lost their jobs or were furloughed as factories closed during lockdowns. While garment exports rebounded somewhat in mid-2020, the long-term impacts of the pandemic on the RMG industry and Bangladesh's economy remain uncertain. The study recommends government assistance and policy responses to mitigate damage to the RMG sector and prevent broader economic and social crises.
Covid 19 How to Minimize Uncertainties, Increase Confidence and Achieve Econo...ijtsrd
COVID 19 pandemic has caused the economic slowdown, worldwide. The contraction into the economy has been experienced. To revive the economy from current economic crisis due to the pandemic, monetary and fiscal policies both have important role. In this paper, some suggestions and solutions are given to revive the economy from this economic crisis. Some Monetary and fiscal policies are already in practice to stabilize the economy. Those policies are also analyzed. Increasing confidence among the producers and the investors is important to revive the economy. Kirti Devi "Covid-19: How to Minimize Uncertainties, Increase Confidence and Achieve Economic Stability in India?" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-6 , October 2020, URL: https://www.ijtsrd.com/papers/ijtsrd33565.pdf Paper Url: https://www.ijtsrd.com/economics/other/33565/covid19-how-to-minimize-uncertainties-increase-confidence-and-achieve-economic-stability-in-india/kirti-devi
Commencis Covid-19 Playbook for Financial Services Aslı Yerci Eren
Download link for full report: https://lnkd.in/gp6xqYg
The novel coronavirus, COVID-19 has turned into a global crisis, evolving at an unprecedented speed and scale. As governments take immediate actions to cope with the outbreak, businesses are rapidly adapting to the changing needs of people, consumers and suppliers while also trying to overcome the financial and operational challenges.
As the pandemic continues, more and more industries are feeling the strain. The financial industry is certainly one of them. Whilst, the current situation is challenging for the industry, we believe that if well-handled it can also bring opportunities for innovation and long-term customer loyalty. The crisis has already revealed us that, now, more than ever, the industry must invest in digital and key critical capabilities to thrive in a post-COVID-19 world.
COVID-19 Playbook for Financial Services includes the implications of COVID-19 on financial industry, and recommendations on how banks can enhance their capabilities to survive during these rough times.
Main topics covered in this playbook are as below:
1 The impact of COVID-19 - Global Overview
2 How Banks Should Face the Crisis: COVID-19 Playbook
3 How to Invest in Digital Capabilities: Digital Roadmap
This Research Aims To Assess The Effect Of The Covid-19 Health Crisis On The Indebtedness Of
Family SMEs In Chad. The Sample Of This Study Consists Of 150 Managers Of Family SMEs. We Used A
Qualitative Method Complemented By A Quantitative Method Based On Linear Regression
IMF Fiscal Monitor: Policies to support people during the COVID-19 pandemicTatianaApostolovich
The COVID-19 pandemic has struck against the backdrop of a preexisting sluggish global growth outlook, with low inflation and nominal interest rates. The pandemic has elevated the need for fiscal policy action to an unprecedented level. This issue of the Fiscal Monitor discusses the role of fiscal policy to save lives, protect the most-affected people and firms from income losses, unemployment, and bankruptcies, and reduce the likelihood that the pandemic results in a deep, long-lasting slump.
Some research done on the pandemic and made a ppt. It is useful. In the slide there some information about the travel-loving people, the tourist guide and their today's life. Sources are collected mostly from news channel.
Global economic outlook due to covid 19M S Siddiqui
Global coordination and cooperation-of the measures needed to slow the spread of the pandemic, and of the economic actions needed to alleviate the economic damage, including international support-provide the greatest chance of achieving public health goals and enabling a robust global recovery.
The document discusses the economic impact of the COVID-19 pandemic. It led to stock market declines, rising unemployment affecting tens of millions of people worldwide, and the risk of a global recession in 2020 according to the IMF. Various sectors were impacted, including automotive, energy, food and agriculture, and retail. Government responses included stimulus packages, tax relief, loan guarantees, and wage subsidies to support economies.
The document discusses several topics related to the regional impact of COVID-19:
1) Asia and the Pacific face threats from disruptions to domestic production and significant drops in remittance receipts as overseas lockdowns negatively impact citizens working abroad.
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State of the global islamic economy 2020 21 report - english executive summary
1. FINANCE > FOOD > FASHION > TRAVEL > MEDIA AND RECREATION
PHARMACEUTICALS > COSMETICS
State of the
Global Islamic
Economy Report
2020/21
THRIVING IN UNCERTAINTY
PRODUCED BY: IN PARTNERSHIP WITH:
SUPPORTED BY:
2.
3. In a year that will go down in history, the
COVID-19 pandemic set off an unprecedented
chain reaction of global economic disruption.
Businesses, investors, and governments
across the global and Islamic economy found
themselves embroiled in a financial crisis.
Some used this disruption to pivot, while some
businesses flourished. This eighth edition of
the State of the Global Islamic Economy Report
covers developments over this landmark year —
pre- and post-COVID-19.
Thisyear’sreportestimatesthatMuslimsspent$2.02
trillionin2019acrossthefood,pharmaceutical,cosmetics,
fashion,travelandmedia/recreationsectors,allofwhich
areimpactedbyIslamicfaith-inspiredethicalconsumption
needs.Thisspendingreflectsa3.2%year-on-yeargrowth
from2018.Inaddition,Islamicfinanceassetswereesti-
matedtohavereached$2.88trillionin2019.Thepandemic
isforecastedtoresultinan8%decreaseinglobalMuslim
spendingin2020fortheIslamiceconomysectors
coveredinthisreport.Allofthesesectors,excepttravel,
areexpectedtoreturntopre-pandemicspendlevelsby
theendof2021.Muslimspendisforecastedtoreach
$2.4trillionby2024ata5-yearCumulativeAnnual
GrowthRate(CAGR)of3.1%.
DespitethehavocwreakedbyCOVID-19,thepastyearsaw
manynotabledevelopmentsintheIslamiceconomy—
ledbyanaccelerationindigitaltransformation,disruption
inglobalsupplychains,andincreasedgovernment
focusonfoodsecurity-relatedinvestments.Theglobal
Islamiceconomycontinuestobeunderpinnedbyeight
keydrivers,includingalargeandgrowingMuslim
population,anincreasingadherencetoIslamicethical
valuesimpactingconsumption,andagrowingnumberof
nationalstrategiesdedicatedtohalalproductsandservice
development.
CountriescontinuetobuildmorerobustIslamiceconomy
ecosystems.MalaysiacurrentlyleadstheoverallGlobal
IslamicEconomyIndicator(GIEI)rankingsfortheeighth
consecutiveyear,whileSaudiArabiamoveduptosecond
place,followedbytheUAEandIndonesia.Newentrants
tothetop15includeNigeria(#13),SriLanka(#14),and
Singapore(#15).Brunei,Sudan,andBangladeshhavefallen
outofthetop15.
SeveralnationalIslamiceconomystrategieswere
launchedlastyear,mostnotablyIndonesia’smandatory
halallaw,whichcameintoforceforhalalfoodproducts.
SaudiArabiaalsolaunchedanationalregulationsystem
forhalalproductsduringthesamemonth.Indonesiaand
thePhilippinesformedstrategicpartnershipstoexpand
theirhalaltrade,asdidJapanandMalaysia.IntheIslamic
financesector,Pakistan,Qatar,andKuwaitannounced
plansfornewcentralizedregulations.Despitethehitto
thetourismsector,SaudiArabiaremainsinvestedinits
Vision2030strategyandisplanningtolauncha$4billion
tourismfundfocusedontraveltechnologyandsupporting
mixed-usedestinations.
COVID-19relateddisruptionshaveforcedtheheavily
import-dependent57memberOrganizationofIslamic
Cooperation(OIC)countriestoprioritizefoodsecurity,
withboththeUAEandSaudiArabialaunchingextensive
programstostrengthenself-sufficiency.SaudiArabiaand
Indonesiaarealsopushingforthelocalmanufacturingof
pharmaceuticals.TheGlobalReportonFoodCriseshas
estimatedthatCOVID-19willresultinadoublingofthe
currentleveloffoodinsecurity,with265millionpeopleon
thebrinkofstarvationglobally,manyofwhomarefrom
OICcountries.TheIslamicDevelopmentBank(IsDB)
respondedbylaunchinga$2.3billionfinancialaidpackage
tosupport27membercountriesincontainingCOVID-19.
TheSocialImpactsectionintroducedlastyearcontinues
torecognizebusinessesandorganizationsthataretaking
stepstowardstheUnitedNations(UN)Sustainable
DevelopmentGoals(SDGs)for2030.Ayearclosertothe
2030deadline,theindustryhasmadesomeprogress
—forexample,BIMBInvestmentManagementBerhad,
awholly-ownedsubsidiaryofBankIslamMalaysia
Berhad,launcheditsfirstRobo-IntelligenceSustainable
Shariah-ESGinvestingonlineplatform—butthereisstill
alongwaytogo.
InvestmentsintheIslamicEconomyfelldrasticallyas
COVID-19spreadacrosstheworld.Thisyear’sreport
expandeditsinvestmentanalysislenstotrackmerger/
acquisitions(M&A),privateequity,andventurecapital
transactionsacrossthebroaderIslamicEconomymarkets.
InvestmentsinIslamiceconomy-relevantsectorsacross
OICandselectnon-OICmarketsfellby13%to$11.8billion
in2019/20from$13.6billionin2018/19.Indonesia,Malaysia,
andtheUAEsawthehighestnumberofinvestments,with
Indonesiabagging25%ofalldealsrecorded.Intermsof
sectors,halalfoodandIslamicfinancecomprised
52%and42%ofthetotaldealvalue,respectively.
Executive
Summary
1
EXECUTIVE SUMMARY
STATE OF THE GLOBAL ISLAMIC ECONOMY REPORT 2020/21
4. STATE OF THE GLOBAL ISLAMIC ECONOMY REPORT 2020/21
EXECUTIVE SUMMARY
2
6. 2018/19
2018/19 2019/20
2019/20 2020/21
2020/21 2021/22
2021/22 2022/23
2022/23 2023/24
2023/24
-10
-8
-6
-4
-2
2
0
6
4
8
10
COVID-19 Impact Projections
Projected 5-year CAGR of 3.1% (2019-2024) to reach
$2.4 trillion by 2024
-70%
-70%
3.20
3.20
-8.1
-8.1
8
8 7.7
7.7
4.3
4.3
4.5
4.5
-3.7%
-3.7%
-2.9%
-2.9%
-2.5%
-2.5%
-0.2%
-0.2%
Worst hit sectors
by COVID-19
Travel worst hit, while
Food fares the best
-6.9%
-6.9%
The Global Islamic Economy
2018-24 CAGR GROWTH
% PROJECTION
PRE-COVID19 POST-COVID19
6.2%
3.1%
(% YOY GROWTH, 2018-24)*
(2019-20 EST. GROWTH)
Global Muslim spend on halal products & lifestyle sectors
$2.88 trillion of Islamic
finance assets
(2019 est.)
Represented by $2.02 trillion of consumer
spending by 1.9 billion Muslims across six
real-economy sectors (2019 est.)
+
+
Islamic Finance
(
A
s
s
e
t
s
)
$2.88trillion
/
$
3
.
6
9
t
r
i
l
l
i
o
n
5%
Halal food
$1.17trillion
/
$
1
.
3
8
t
r
i
l
l
i
o
n
3.5%
0
-10
-20
-30
-40
-70
-60
-50
2019/2024
Media&
recreation
$222billion
/$270billion
3.9%
Modest
fashion
$277billion
/$311billion
2.4%
C
o
s
m
e
t
i
c
s
$
6
6
b
n
/$76bn
2.9%
P
h
a
r
m
a
$
9
4
b
i
l
l
i
o
n
/$105billion
2.3%
M
u
s
l
i
m
-
f
r
i
e
n
d
l
y
t
r
a
v
e
l
$
1
9
4
b
i
l
l
i
o
n
/$208billion
1.4%
CAGR forecast
to 2024
CAGR forecast
to 2024
0
1
2
3
4
5%
0
1
2
3
4
5%
7. $11.8 billion
investments in 2019/20*
-13% growth YOY
Global FDI*: down by up to 40%
in 2020; further decrease by 5-10%
in 2021; begin to recover in 2022
However, Islamic economies with
$3.2 trillion (2019) in sovereign
wealth fund assets are enabling
food security investments (KSA,
UAE, Qatar)
KEY INVESTOR CATEGORIES
OUTLOOK
All estimates by DinarStandard Research & Advisory except for Islamic Finance sector provided by ICD-Refinitiv Islamic Finance Development Indicator 2020 data. Muslim
consumer spend estimates & analysis by DinarStandard leveraging World Bank’s ICP 2017 consumer data as baseline reference. Projections baselined using IMF Outlook from April
2020. Halal and related products exports based on ITC Trademap 2019 data. Investments (figures and individual deals) are based on a detailed scan of databases from CapitalIQ,
Crunchbase, White & Case, KPMG and DinarStandard analysis from 1st August 2019 to 31st July 2020. FDI figures based on UNCTAD 2019 data. Full methodology in appendix.
OIC = Organization of Islamic Cooperation, 57 mostly Muslim-majority member countries.
51.86%
Halal Food
54%
Venture Capital
40%
Mergers &
Acquisitions
S
Si
ig
gn
na
al
ls
s O
Of
f O
Op
pp
po
or
rt
tu
un
ni
it
ti
ie
es
s
Amidst the pandemic, multiple strong and
Amidst the pandemic, multiple strong and
weak signals of opportunities are emerging
weak signals of opportunities are emerging
ISLAMIC FINANCE
H
A
L
A
L
P
R
O
D
U
C
T
S
H
A
L
A
L
L
I
F
E
S
T
Y
L
E
Tokenization
Tokenization
of sukuks
of sukuks
Banks’ digitization
Banks’ digitization
Supply chain
Supply chain
global shifts
global shifts
Domestic
Domestic
tourism boost
tourism boost
Contextualized
Contextualized
online games
online games Food
Food
security focus
security focus
Halal cloud-
Halal cloud-
kitchens
kitchens
G
Go
ov
ve
er
rn
nm
me
en
nt
t B
Be
en
nc
ch
hm
ma
ar
rk
ks
s
A comprehensive index of 81 countries in the Islamic economy
A comprehensive index of 81 countries in the Islamic economy
ecosystem relative to their size.
ecosystem relative to their size. (See chapter for detail)
(See chapter for detail)
Investments
Despite depressed global FDI,
government-led investments are
driving activity
FINANCE
H
A
L
A
L
F
O
O
D
R
E
C
R
E
A
T
I
O
N
T
R
A
V
E
L
F
A
S
H
I
O
N
PHARMA & COSMETICS
1
1
10
10
20
20
30
30
40
40
2. Saudi Arabia
1. Malaysia
3. UAE
4. Indonesia
5. Jordan
GLOBAL ISLAMIC ECONOMY
INDICATOR RANKING
1
1
10
10
20
20
30
30
40
40
41.8%
Islamic Finance
2.89%
Travel & tourism
1.06%
Halal
Cosmetics
1.33%
Halal Pharma
1.06%
Other
6% Private Equity
Small impact
Big impact
Weak signal
Strong signal
8. Halal Food
STATE OF THE GLOBAL ISLAMIC ECONOMY REPORT 2020/21
STATE OF THE GLOBAL ISLAMIC ECONOMY REPORT 2020/21
6 HALAL FOOD
10. 1. Brazil
1. Brazil
$16.2 billion
$16.2 billion
3. USA
3. USA
$13.8 billion
$13.8 billion
5. Argentina
5. Argentina
$10.2 billion
$10.2 billion
1. Brazil
1. Brazil
$16.2 billion
$16.2 billion
3. USA
3. USA
$13.8 billion
$13.8 billion
5. Argentina
5. Argentina
$10.2 billion
$10.2 billion
-10
-8
-6
-4
-2
2
0
6
4
8
10
2018/19
2018/19 2019/20
2019/20 2020/21
2020/21 2021/22
2021/22 2022/23
2022/23 2023/24
2023/24
$200 billion
of Food and Beverage
exports to OIC* countries
(2019)
All estimates by DinarStandard Research & Advisory. Muslim consumer spend
estimates & analysis by DinarStandard leveraging World Bank’s ICP 2017 consumer
data as baseline reference. Projections base-lined using IMF Outlook from
April 2020. Halal and related products exports based on ITC Trademap 2019
data. Investments (figures and individual deals) are based on a detailed scan of
databases from CapitalIQ, Crunchbase, White & Case, KPMG and DinarStandard
analysis from 1st August 2019 to 31st July 2020. Full methodology in appendix.
OIC = Organization of Islamic Cooperation, 57 mostly Muslim-majority member
countries.
Halal food
3.2
3.2
-8.1
-8.1
8
8 7.7
7.7
4.3
4.3 4.5
4.5
(2019/20)
2018/24 CAGR GROWTH
% PROJECTION
PRE-COVID-19 POST-COVID-19
6.3%
3.4%
3.2
3.2
-0.2
-0.2
5.8
5.8
3.7
3.7 4
4 4.1
4.1
All products/sectors Halal food
Investments
Investments
Despite depressed global FDI, sovereign
wealth fund led food security and supply-chain
investments are rebuilding momentum
$6.11 billion
in halal-related food industry
investments 2019/20*
16
Malaysia
27
Others
10
Indonesia
8
UAE
Indonesia: Indofood’s $2.9 billion acquisition of
Indomie noodles MENA market manufacturer
Pinehill
Europe: PE firm Perwyn backed French halal
products leader Isla Delice acquired Belgium’s Hoca
Meats
DEALS
Top countries with # of related deals
COVID-19 Impact Projections
Projected 5-year CAGR of 3.5% (2019/24) reaching
$1.38 trillion by 2024
Global Muslim spend on food versus all halal products
& lifestyle sectors
The thickness of the lines is proportional
to the value of the country’s exports
Top 5 halal food consumer
markets (2019)
Top 5 countries exporting to
OIC (2019)
(% YOY GROWTH, 2018/24)*
61
TOTAL
Represented by $1.17 trillion of spending by 1.9 billion
Muslims on food & beverage. (2019 est.)
11. 2. India
2. India
$14.4 billion
$14.4 billion
4. Russia
4. Russia
$11.9 billion
$11.9 billion
1
Indonesia
Indonesia
$144 billion
$144 billion
2
Bangladesh
Bangladesh
$107 billion
$107 billion
5
Pakistan
Pakistan
$82 billion
$82 billion
3
Egypt
Egypt
$95 billion
$95 billion
4
Nigeria
Nigeria
$83 billion
$83 billion
2. India
2. India
$14.4 billion
$14.4 billion
4. Russia
4. Russia
$11.9 billion
$11.9 billion
1
Indonesia
Indonesia
$144 billion
$144 billion
2
Bangladesh
Bangladesh
$107 billion
$107 billion
5
Pakistan
Pakistan
$82 billion
$82 billion
3
Egypt
Egypt
$95 billion
$95 billion
4
Nigeria
Nigeria
$83 billion
$83 billion
Government Benchmarks
2. Singapore
1. Malaysia
3. UAE
4. Indonesia
5. Turkey
FINANCIAL
GOVERNANCE
SOCIAL
AWARENESS
1
1
10
10
20
20
30
30
40
40
50
50
60
60
60
60
50
50
1
1
10
10
20
20
30
30
40
40
HALAL FOOD -
GIE INDICATOR
RANKING
(2019) GOVERNMENT
BUSINESS/INVESTMENT
Food security
Food security
focus
focus
Supply chain
Supply chain
global shifts
global shifts
Health-focused and
Health-focused and
functional foods
functional foods
Halal cloud-
Halal cloud-
kitchens
kitchens
Ready-to-Eat/Ready-
Ready-to-Eat/Ready-
to-Cook segment
to-Cook segment
Blockchain/IoT
Blockchain/IoT
enabled traceability
enabled traceability
Stringent halal
Stringent halal
regulations
regulations
Signals of Opportunities
Amidst the pandemic, multiple strong and weak
signals of opportunities are emerging
Small impact
Big impact
Weak signal
Strong signal
12. Islamic
Finance
STATE OF THE GLOBAL ISLAMIC ECONOMY REPORT 2020/21
STATE OF THE GLOBAL ISLAMIC ECONOMY REPORT 2020/21
10 ISLAMIC FINANCE
14. 0
2
4
6
8
12
10
14
2018/19
2018/19 2019/20
2019/20 2020/21
2020/21 2021/22
2021/22 2022/23
2022/23 2023/24
2023/24
1462
Islamic
financial
institutions
globally
$536 billion
value of
outstanding
sukuk
$137 billion
value of
Islamic
funds
Islamic Finance sector sizing data provided by ICD-Refinitiv Islamic Finance
Development Indicator 2020 data. All other estimates including 'signals' by
DinarStandard Research & Advisory. Investments (figures and individual deals) are
based on a detailed scan of databases from CapitalIQ, Crunchbase, White & Case,
KPMG and DinarStandard analysis from 1st August 2019 to 31st July 2020. FDI figures
based on UNCTAD 2019 data. Full methodology in appendix.
OIC = Organization of Islamic Cooperation, 57 mostly Muslim-majority member countries.
Islamic Finance
(2019/20)
2018/24 CAGR GROWTH
% PROJECTION
PRE-COVID-19 POST-COVID-19
5% 5%
Top 10 countries by Islamic
finance assets (2019)
Finance assets
$4.93 billion
in recorded Islamic finance
investments 2019/20*
USA: Robo-advisory platform, Wahed Invest, raising
$25 million in a venture capital round led by Saudi
Aramco Entrepreneurship Ventures.
UAE: Noor Bank was acquired by Dubai Islamic
Bank to become one of the largest Islamic banks,
with assets exceeding $75 billion.
DEALS
Top countries with # of related deals
Investments
Investments
Islamic fintech investments and financial
institution consolidation through M&A is
expected to continue
13.9
13.9
0
0
5.5
5.5
6.5
6.5 6.7
6.7
7.2
7.2
14
Indonesia
7
UAE
5
Kuwait
12
Others
COVID-19 Impact Projections
Projected 5-year CAGR of 5% (2019/24) reaching
$3.69 trillion by 2024
(% YOY GROWTH, 2018/24)*
Projected Islamic finance assets growth
38
TOTAL
Represented by $2.88 trillion in Islamic finance
assets globally (2019 est.)
15. UAE
UAE
$234.2 billion
$234.2 billion
Malaysia
Malaysia
$570.5 billion
$570.5 billion
Indonesia
Indonesia
$99.2 billion
$99.2 billion
Bangladesh
Bangladesh
$44.9 billion
$44.9 billion
3
Iran
Iran
$698.2 billion
$698.2 billion
Saudi Arabia
Saudi Arabia
$629.4 billion
$629.4 billion
7
10
1
2
9
Turkey
Turkey
$62.9 billion
$62.9 billion
5
Qatar
Qatar
$143.9 billion
$143.9 billion
6
Kuwait
Kuwait
$132.3
$132.3 billion
4
Bahrain
Bahrain
$95.6 billion
$95.6 billion
8
UAE
UAE
$234.2 billion
$234.2 billion
Malaysia
Malaysia
$570.5 billion
$570.5 billion
Indonesia
Indonesia
$99.2 billion
$99.2 billion
Bangladesh
Bangladesh
$44.9 billion
$44.9 billion
3
Iran
Iran
$698.2 billion
$698.2 billion
Saudi Arabia
Saudi Arabia
$629.4 billion
$629.4 billion
7
10
1
2
9
Turkey
Turkey
$62.9 billion
$62.9 billion
5
Qatar
Qatar
$143.9 billion
$143.9 billion
6
Kuwait
Kuwait
$132.3
$132.3 billion
4
Bahrain
Bahrain
$95.6 billion
$95.6 billion
8
Government Benchmarks
2. Saudi Arabia
1. Malaysia
3. UAE
4. Jordan
5. Bahrain
FINANCIAL
GOVERNANCE
SOCIAL
AWARENESS
1
1
10
10
20
20
30
30
40
40
50
50
60
60
60
60
50
50
1
1
10
10
20
20
30
30
40
40
ISLAMIC FINANCE
- GIE INDICATOR
RANKING
(2019) GOVERNMENT
BUSINESS/INVESTMENT
Governments
Governments
supporting Islamic
supporting Islamic
fintech ecosystem
fintech ecosystem
Banks’ digitization
Banks’ digitization
Social finance
Social finance
growth
growth
(Waqf, Zakat)
(Waqf, Zakat)
Tokenization
Tokenization
of sukuks
of sukuks
Impact Investments/
Impact Investments/
ESG funds growing
ESG funds growing
Islamic finance
Islamic finance
regulations in
regulations in
new countries
new countries
Signals of Opportunities
Amidst the pandemic, multiple strong and weak
signals of opportunities are emerging
Small impact
Big impact
Weak signal
Strong signal
16. Muslim-
Friendly
Travel
STATE OF THE GLOBAL ISLAMIC ECONOMY REPORT 2020/21
STATE OF THE GLOBAL ISLAMIC ECONOMY REPORT 2020/21
14 MUSLIM -FRIENDLY TRAVEL
18. -100
-80
-60
-40
-20
20
0
60
40
80
100
2018/19
2018/19 2019/20
2019/20 2020/21
2020/21 2021/22
2021/22 2022/23
2022/23 2023/24
2023/24
200.3
million
of outbound
Muslim
travelers
(2019)
All estimates by DinarStandard Research & Advisory. Muslim outbound travel
spend estimates & analysis by leveraging UNWTO and World Bank data as baseline.
Projections base-lined using UNWTO forecasts. Investments (figures and individual
deals) are based on a detailed scan of databases from CapitalIQ, Crunchbase, White
& Case, KPMG and DinarStandard analysis from 1st August 2019 to 31st July 2020.
Full methodology in appendix.
OIC = Organization of Islamic Cooperation, 57 mostly Muslim-majority member
countries.
Muslim-Friendly Travel
3.2
3.2
-8.1
-8.1
8
8 7.7
7.7 4.3
4.3 4.5
4.5
(2019/20)
2018/24 CAGR GROWTH
% PROJECTION
PRE-COVID-19 POST-COVID-19
6.8
1.6
The thickness of the lines is proportional
to the value of the country’s spending
Top 5 Muslim travel destination countries
(2019, inbound est. Muslim travelers)
Top 5 outbound Muslim travel countries
(2019, est. outbound spending)
$340 million
in recorded travel sector investments
2019/20*
Indonesian OTA Traveloka secured a $250 million
from Qatar Investment Authority and Singapore’s
GIC.
UK: HalalBooking, which allows users to book
Muslim-friendly hotels and villas, raised $2.5 million.
DEALS
Top countries with # of related deals
Investments
Investments
Weak outlook on investments in travel, with
domestic travel as a key area of focus
2.7
2.7
-70
-70
75.9
75.9 79.4
79.4
6.2
6.2 6.5
6.5
12%
Muslim
spend
4
Indonesia
3
Malaysia
2
Turkey
5
Others
All products/sectors
COVID-19 Impact Projections
Projected 5-year CAGR of 1.4% (2019/24) in consumer
spending reaching $208 billion by 2024
(% YOY GROWTH, 2018/24)*
Projected Muslim spend growth on outbound travel versus
all halal products/ services
Muslim-frienly travel
14
TOTAL
$1.66 trillion
outbound
global travel
Represented by $194 billion in outbound travel
spending by 1.9 billion Muslims (2019 est.)
19. 5. Indonesia
5. Indonesia
$11.2 billion
$11.2 billion
2.
2. UAE
UAE
$17.2 billion
$17.2 billion
3. Qatar
3. Qatar
$14.2 billion
$14.2 billion
4. Kuwait
4. Kuwait
$13 billion
$13 billion
Russia
Russia
5.6 million
5.6 million
UAE
UAE
6.2 million
6.2 million
France
France
4.9 million
4.9 million
1. Saudi Arabia
1. Saudi Arabia
$24.3 billion
$24.3 billion
5
2
Turkey
Turkey
6.4 million
6.4 million
Spain
Spain
7.6 million
7.6 million
1
3
4
5. Indonesia
5. Indonesia
$11.2 billion
$11.2 billion
2.
2. UAE
UAE
$17.2 billion
$17.2 billion
3. Qatar
3. Qatar
$14.2 billion
$14.2 billion
4. Kuwait
4. Kuwait
$13 billion
$13 billion
Russia
Russia
5.6 million
5.6 million
UAE
UAE
6.2 million
6.2 million
France
France
4.9 million
4.9 million
1. Saudi Arabia
1. Saudi Arabia
$24.3 billion
$24.3 billion
5
2
Turkey
Turkey
6.4 million
6.4 million
Spain
Spain
7.6 million
7.6 million
1
3
4
Government Benchmarks
2. UAE
1. Malaysia
3. Turkey
4. Thaliand
5. Tunisia
FINANCIAL
GOVERNANCE
SOCIAL
AWARENESS
1
1
10
10
20
20
30
30
40
40
50
50
60
60
60
60
50
50
1
1
10
10
20
20
30
30
40
40
MUSLIM-FRIENDLY
TRAVEL
- GIE INDICATOR
RANKING
(2019)
GOVERNMENT
BUSINESS/INVESTMENT
Tourism corridors
Tourism corridors
Domestic tourism
Domestic tourism
boost
boost
Tourism corridors
Tourism corridors
AI driven post-
AI driven post-
COVID-19
COVID-19 customer
customer
engagement
engagement
Industry pivots to
Industry pivots to
diversified services
diversified services
Halal tourism
Halal tourism
standards
standards
being drafted
being drafted
Signals of Opportunities
Amidst the pandemic, multiple strong and weak
signals of opportunities are emerging
Small impact
Big impact
Weak signal
Strong signal
20. Modest
Fashion
STATE OF THE GLOBAL ISLAMIC ECONOMY REPORT 2020/21
STATE OF THE GLOBAL ISLAMIC ECONOMY REPORT 2020/21
18 MODEST FASHION
22. -10
-8
-6
-4
-2
2
0
6
4
8
10
2018/19
2018/19 2019/20
2019/20 2020/21
2020/21 2021/22
2021/22 2022/23
2022/23 2023/24
2023/24
The thickness of the lines is proportional
to the value of the country’s exports
Top 5 modest fashion Muslim
consumer markets (2019)
Top 5 countries exporting to
OIC (2019)
$29.3 billion
of clothing exports
to OIC* countries
(2019)
All estimates by DinarStandard Research & Advisory. Muslim consumer spend
estimates & analysis by DinarStandard leveraging World Bank’s ICP 2017 consumer
data as baseline reference. Projections base-lined using IMF Outlook from
April 2020. Halal and related products exports based on ITC Trademap 2019
data. Investments (figures and individual deals) are based on a detailed scan of
databases from CapitalIQ, Crunchbase, White & Case, KPMG and DinarStandard
analysis from 1st August 2019 to 31st July 2020. Full methodology in appendix.
OIC = Organization of Islamic Cooperation, 57 mostly Muslim-majority member
countries.
Modest Fashion
3.2
3.2
-8.1
-8.1
8
8 7.7
7.7
4.3
4.3 4.5
4.5
(2019/20)
2018/24 CAGR GROWTH
% PROJECTION
PRE-COVID-19 POST-COVID-19
4.8%
2.7%
4.2
4.2
-2.9
-2.9
4.2
4.2
3.4
3.4 3.5
3.5
4
4
$3.45 million
in recorded modest-fashion
investments 2019/20*
3
Egypt
1
Netherlands
Malaysian-firm Innovacia acquired Dutch sports
hijab pioneer, Capsters, for an undisclosed amount.
Egypt’s Dice manufacturing, a producer of sports
and casual wear for men and women, raised $3.4
million.
DEALS
Top countries with # of related deals
Investments
Investments
There were few investments in apparel and
modest fashion as the sector was deeply impacted
by the pandemic
All products/sectors
COVID-19 Impact Projections
Projected 5-year CAGR of 2.4% (2019/24) in consumer
spending reaching $311 billion by 2024
(% YOY GROWTH, 2018/24)*
Projected Muslim spend growth on clothing versus all halal
products/ services
Modest Fashion
Represented by $277 billion of spending by 1.9 billion
Muslims on clothing (2019 est.)
23. 3. India
3. India
$2.8 billion
$2.8 billion
5. Bangladesh
5. Bangladesh
$1.4 billion
$1.4 billion
Turkey
Turkey
$28 billion
$28 billion
Indonesia
Indonesia
$16 billion
$16 billion
2. Turkey
2. Turkey
$3 billion
$3 billion
1. China
1. China
$11.5 billion
$11.5 billion
3
Saudi Arabia
Saudi Arabia
$21 billion
$21 billion 1
Iran
Iran
$53 billion
$53 billion
5
2 Pakistan
Pakistan
$20 billion
$20 billion
4
4.
4. UAE
UAE
$1.5 billion
$1.5 billion
3. India
3. India
$2.8 billion
$2.8 billion
5. Bangladesh
5. Bangladesh
$1.4 billion
$1.4 billion
Turkey
Turkey
$28 billion
$28 billion
Indonesia
Indonesia
$16 billion
$16 billion
2. Turkey
2. Turkey
$3 billion
$3 billion
1. China
1. China
$11.5 billion
$11.5 billion
3
Saudi Arabia
Saudi Arabia
$21 billion
$21 billion 1
Iran
Iran
$53 billion
$53 billion
5
2 Pakistan
Pakistan
$20 billion
$20 billion
4
4.
4. UAE
UAE
$1.5 billion
$1.5 billion
Government Benchmarks
2. Turkey
1. UAE
3. Indonesia
4. Malaysia
5. Spain
MODEST FASHION
- GIE INDICATOR
RANKING
(2019)
FINANCIAL
S
O
C
I
A
L
A
W
A
R
E
N
E
S
S
1
1
10
10
20
20
30
30
40
40
50
50
60
60
60
60
50
50
1
1
10
10
20
20
30
30
40
40
GOVERNMENT
BUSINESS/INVESTMENT
Niche categories:
Niche categories:
sportswear, GenZ
sportswear, GenZ
focus, wearables
focus, wearables
Government
Government
initiatives to boost
initiatives to boost
modest fashion
modest fashion
Ethical production
Ethical production
standards/regulations
standards/regulations
Emerging modest
Emerging modest
fashion influencers
fashion influencers
Continued
Continued
mainstream brands
mainstream brands
interest
interest
Signals of Opportunities
Amidst the pandemic, multiple strong and weak
signals of opportunities are emerging
Small impact
Big impact
Weak signal
Strong signal
24. Halal
Pharmaceuticals
STATE OF THE GLOBAL ISLAMIC ECONOMY REPORT 2020/21
STATE OF THE GLOBAL ISLAMIC ECONOMY REPORT 2020/21
22 HALAL PHARMACEUTICALS
26. 3. USA
3. USA
$3.4 billion
$3.4 billion
3
USA
USA
$7.3 billion
$7.3 billion
Algeria
Algeria
$3.9 billion
$3.9 billion
5
3. USA
3. USA
$3.4 billion
$3.4 billion
3
USA
USA
$7.3 billion
$7.3 billion
Algeria
Algeria
$3.9 billion
$3.9 billion
5
-10
-8
-6
-4
-2
2
0
6
4
8
10
2018/19
2018/19 2019/20
2019/20 2020/21
2020/21 2021/22
2021/22 2022/23
2022/23 2023/24
2023/24
$38.6 billion
of Pharmaceuticals
exports to OIC* countries
(2019)
All estimates by DinarStandard Research & Advisory. Muslim consumer spend
estimates & analysis by DinarStandard leveraging World Bank’s ICP 2017 consumer
data as baseline reference. Projections base-lined using IMF Outlook from
April 2020. Halal and related products exports based on ITC Trademap 2019
data. Investments (figures and individual deals) are based on a detailed scan of
databases from CapitalIQ, Crunchbase, White & Case, KPMG and DinarStandard
analysis from 1st August 2019 to 31st July 2020. Full methodology in appendix.
OIC = Organization of Islamic Cooperation, 57 mostly Muslim-majority member
countries.
Halal Pharmaceuticals
3.2
3.2
-8.1
-8.1
8
8 7.7
7.7
4.3
4.3 4.5
4.5
(2019/20)
2018/24 CAGR GROWTH
% PROJECTION
PRE-COVID-19 POST-COVID-19
5.7%
2.3%
2.3
2.3
-6.9
-6.9
7.1
7.1
3.7
3.7 4
4 4.3
4.3
All products/sectors Halal Pharmaceuticals
Investments
Investments
Despite depressed global FDI, government
led medicinal security investments supporting
activity
$157 million
in halal-related pharmaceutical
investments 2019/20*
4
Egypt
2
Indonesia
1
Kuwait
Kuwait: $69 million investment in Kuwait Saudi
Pharmaceutical by leading Gulf distributor,
Mezzan Holding
Egypt: Healthcare app Vezeeta raised $40 million in
a series D round led by Gulf Capital
DEALS
Top countries with # of related deals
COVID-19 Impact Projections
Projected 5-year CAGR of 2.3% (2019/24) in consumer
spending reaching $105 billion by 2024
The thickness of the lines is proportional
to the value of the country’s exports
Top 5 pharmaceuticals Muslim
consumer markets (2019)
Top 5 countries exporting to
OIC (2019)
(% YOY GROWTH, 2018/24)*
2
Others
9
TOTAL
Projected Muslim spend growth on Pharmaceuticals versus
all halal products/ services
Represented by $94 billion of spending by 1.9 billion
Muslims on pharmaceuticals (2019 est.)
27. 5. India
5. India
$2.5 billion
$2.5 billion
1. Germany
1. Germany
$5.2 billion
$5.2 billion
2
Saudi
Saudi Arabia
Arabia
$8.1
$8.1 billion
billion
1
Turkey
Turkey
$10 billion
$10 billion
4.
4. Switzerland
Switzerland
$3.3 billion
$3.3 billion
4
Indonesia
Indonesia
$5.4 billion
$5.4 billion
2. France
2. France
$4.6 billion
$4.6 billion
5. India
5. India
$2.5 billion
$2.5 billion
1. Germany
1. Germany
$5.2 billion
$5.2 billion
2
Saudi
Saudi Arabia
Arabia
$8.1
$8.1 billion
billion
1
Turkey
Turkey
$10 billion
$10 billion
4.
4. Switzerland
Switzerland
$3.3 billion
$3.3 billion
4
Indonesia
Indonesia
$5.4 billion
$5.4 billion
2. France
2. France
$4.6 billion
$4.6 billion
Government Benchmarks
2. UAE
1. Malaysia
3. Singapore
4. Iran
5. Egypt
FINANCIAL
GOVERNANCE
SOCIAL
AWARENESS
1
1
10
10
20
20
30
30
40
40
50
50
60
60
60
60
50
50
1
1
10
10
20
20
30
30
40
40
HALAL PHARMA/
COSMETICS
- GIE INDICATOR
RANKING
(2019)
GOVERNMENT
BUSINESS/INVESTMENT
Medicine security
Medicine security
focus
focus
Supply chain
Supply chain
global shifts
global shifts
Nutraceuticals
Nutraceuticals
demand
demand
Indonesia, Saudi Arabia
Indonesia, Saudi Arabia
local manufacturing push
local manufacturing push
Telemedicine
Telemedicine
demand
demand
Stringent halal
Stringent halal
regulations
regulations
Signals of Opportunities
Amidst the pandemic, multiple strong and weak
signals of opportunities are emerging
Small impact
Big impact
Weak signal
Strong signal
28. Halal
Cosmetics
STATE OF THE GLOBAL ISLAMIC ECONOMY REPORT 2020/21
STATE OF THE GLOBAL ISLAMIC ECONOMY REPORT 2020/21
26 HALAL COSMETICS
30. 4. USA
4. USA
$0.94 billion
$0.94 billion
4. USA
4. USA
$0.94 billion
$0.94 billion
-10
-8
-6
-4
-2
2
0
6
4
8
10
2018/19
2018/19 2019/20
2019/20 2020/21
2020/21 2021/22
2021/22 2022/23
2022/23 2023/24
2023/24
$16 billion
of cosmetics exports
to OIC* countries
(2019)
All estimates by DinarStandard Research & Advisory. Muslim consumer spend
estimates & analysis by DinarStandard leveraging World Bank's ICP 2017 consumer
data as baseline reference. Projections base-lined using IMF Outlook from
April 2020. Halal and related products exports based on ITC Trademap 2019
data. Investments (figures and individual deals) are based on a detailed scan of
databases from CapitalIQ, Crunchbase, White & Case, KPMG and DinarStandard
analysis from 1st August 2019 to 31st July 2020. Full methodology in appendix.
OIC = Organization of Islamic Cooperation, 57 mostly Muslim-majority member
countries.
Halal Cosmetics
3.2
3.2
-8.1
-8.1
8
8 7.7
7.7
4.3
4.3 4.5
4.5
(2019/20)
2018/24 CAGR GROWTH
% PROJECTION
PRE-COVID-19 POST-COVID-19
4.9%
2.9%
All products/sectors Halal Cosmetics
$125 million
in halal-related cosmetics
investments 2019/20*
2
Indonesia
1
Turkey
Indonesia’s online cosmetics marketplace, Sociolla
raised $98 million in series D and E co-led by
Temasek and EV Growth.
Turkey’s cosmetics company, Özen Kisisel Bakim
Ürünleri Üretim A.S. was acquired by Japan’s Daio
Paper Corporation for $26.7 million.
DEALS
Top countries with # of related deals
COVID-19 Impact Projections
Projected 5-year CAGR of 2.9% (2019/24) in consumer
spending reaching $76 billion by 2024
Investments
Investments
Personal care and hygiene segments have
supported investments in the sector
3.4
3.4
-2.5
-2.5
5.9
5.9
3.6
3.6 3.7
3.7 3.9
3.9
The thickness of the lines is proportional
to the value of the country’s exports
Top 5 cosmetics Muslim
consumer markets (2019)
Top 5 countries exporting to
OIC (2019)
(% YOY GROWTH, 2018/24)*
Projected Muslim spend growth on cosmetics versus all
halal products/ services
Represented by $66 billion of spending by 1.9 billion
Muslims on cosmetics (2019 est.)
31. 5. India
5. India
$0.84 billion
$0.84 billion
2.
2. UAE
UAE
$1.8 billion
$1.8 billion
Malaysia
Malaysia
$4 billion
$4 billion
Russia
Russia
$4 billion
$4 billion
Indonesia
Indonesia
$4 billion
$4 billion
3. Germany
3. Germany
$1 billion
$1 billion
1. France
1. France
$2.5 billion
$2.5 billion
3
India
India
$6 billion
$6 billion
2
1
5
Turkey
Turkey
$4 billion
$4 billion
4
5. India
5. India
$0.84 billion
$0.84 billion
2.
2. UAE
UAE
$1.8 billion
$1.8 billion
Malaysia
Malaysia
$4 billion
$4 billion
Russia
Russia
$4 billion
$4 billion
Indonesia
Indonesia
$4 billion
$4 billion
3. Germany
3. Germany
$1 billion
$1 billion
1. France
1. France
$2.5 billion
$2.5 billion
3
India
India
$6 billion
$6 billion
2
1
5
Turkey
Turkey
$4 billion
$4 billion
4
Government Benchmarks
2. UAE
1. Malaysia
3. Singapore
4. Iran
5. Egypt
FINANCIAL
GOVERNANCE
SOCIAL
AWARENESS
1
1
10
10
20
20
30
30
40
40
50
50
60
60
60
60
50
50
1
1
10
10
20
20
30
30
40
40
HALAL PHARMA/
COSMETICS
- GIE INDICATOR
RANKING
(2019)
GOVERNMENT
BUSINESS/INVESTMENT
Supply chain
Supply chain
global shifts
global shifts
Synergy with
Synergy with
modest fashion
modest fashion
‘New normal’
‘New normal’
beauty trends
beauty trends
Halal/ethical
Halal/ethical
cosmetic brands
cosmetic brands
emerging
emerging
Stringent halal
Stringent halal
regulations
regulations
Signals of Opportunities
Amidst the pandemic, multiple strong and weak
signals of opportunities are emerging
Small impact
Big impact
Weak signal
Strong signal
34. USA
USA
$22 billion
$22 billion
2
USA
USA
$22 billion
$22 billion
2
-10
-8
-6
-4
-2
2
0
6
4
8
10
2018/19
2018/19 2019/20
2019/20 2020/21
2020/21 2021/22
2021/22 2022/23
2022/23 2023/24
2023/24
$21 billion
of media & recreation
exports to OIC* countries
(2019)
All estimates by DinarStandard Research & Advisory. Muslim consumer spend
estimates & analysis by DinarStandard leveraging World Bank's ICP 2017 consumer
data as baseline reference. Projections base-lined using IMF Outlook from
April 2020. Halal and related products exports based on ITC Trademap 2019
data. Investments (figures and individual deals) are based on a detailed scan of
databases from CapitalIQ, Crunchbase, White & Case, KPMG and DinarStandard
analysis from 1st August 2019 to 31st July 2020. Full methodology in appendix.
OIC = Organization of Islamic Cooperation, 57 mostly Muslim-majority member
countries.
Media & Recreation
3.2
3.2
-8.1
-8.1
8
8 7.7
7.7
4.3
4.3 4.5
4.5
(2019/20)
2018/24 CAGR GROWTH
% PROJECTION
PRE-COVID-19 POST-COVID-19
5.3%
3.9%
The thickness of the lines is proportional
to the value of the country’s exports
Top 5 media & recreation Muslim
consumer markets (2019)
Top 5 countries exporting to OIC
(2019)
$121 million
in recorded media & recreation
investments 2019/20*
10
Malaysia
6
Indonesia
4
UAE
UAE-based Almentor.net, offering Arabic video-
based education, raised $4.5 million, led by Sawari
Ventures.
Indonesian Gojek’s video streaming service, GoPlay,
independently raised $15 million from Golden Gate
Ventures and ZWC Partners.
DEALS
Top countries with # of related deals
Investments
Investments
Demand for online media and recreation will drive
more deals
3.7
3.7
-3.7
-3.7
7.3
7.3
5.2
5.2
5.5
5.5 5.8
5.8
All products/sectors
COVID-19 Impact Projections
Projected 5-year CAGR of 3.9% (2019/24) in consumer
spending reaching $270 billion by 2024
(% YOY GROWTH, 2018/24)*
Projected Muslim spend growth on media/recreation versus
all halal products/services
Media & Recreation
27
TOTAL
Represented by $222 billion of spending by 1.9 billion
Muslims on media & recreation (2019 est.)
35. 2. Japan
2. Japan
$2.1 billion
$2.1 billion
3. Thailand
3. Thailand
$2 billion
$2 billion
5. Germany
5. Germany
$0.9 billion
$0.9 billion
4. Korea
4. Korea
$1.6 billion
$1.6 billion
1. China
1. China
$5.2 billion
$5.2 billion
Turkey
Turkey
$26 billion
$26 billion
1
Indonesia
Indonesia
$22 billion
$22 billion
3
5
Pakistan
Pakistan
$11 billion
$11 billion
Saudi Arabia
Saudi Arabia
$11 billion
$11 billion
4
2. Japan
2. Japan
$2.1 billion
$2.1 billion
3. Thailand
3. Thailand
$2 billion
$2 billion
5. Germany
5. Germany
$0.9 billion
$0.9 billion
4. Korea
4. Korea
$1.6 billion
$1.6 billion
1. China
1. China
$5.2 billion
$5.2 billion
Turkey
Turkey
$26 billion
$26 billion
1
Indonesia
Indonesia
$22 billion
$22 billion
3
5
Pakistan
Pakistan
$11 billion
$11 billion
Saudi Arabia
Saudi Arabia
$11 billion
$11 billion
4
Government Benchmarks
GOVERNMENT
BUSINESS/INVESTMENT
Pan-Islamic
Pan-Islamic
TV channel
TV channel
Muslim-themed
Muslim-themed
streaming platforms
streaming platforms
Online gaming
Online gaming
boom
boom
Muslim-themed TV
Muslim-themed TV
series and films
series and films
Government
Government
push to develop
push to develop
local media
local media
2. Malaysia
1. UAE
3. Singapore
4. UK
5. Indonesia
MEDIA & RECREATION
- GIE INDICATOR
RANKING
(2019)
FINANCIAL
S
O
C
I
A
L
A
W
A
R
E
N
E
S
S
1
1
10
10
20
20
30
30
40
40
50
50
60
60
60
60
50
50
1
1
10
10
20
20
30
30
40
40
Signals of Opportunities
Amidst the pandemic, multiple strong and weak
signals of opportunities are emerging
Signals of Opportunities
Amidst the pandemic, multiple strong and weak
signals of opportunities are emerging
Small impact
Big impact
Weak signal
Strong signal