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SGIE Report's 10th editon, GCC - Brazil, Lendo $28m funding
Salaam Gateway
January 05, 2024
Pulse of the Global Islamic Economy
23 Jumada Al-Aakhir, 1445 AH
Assalamualaikum,
Welcome to our first newsletter of the year.
The year 2023 has been a milestone for the State of the Global Islamic Economy (SGIE) Report series, having launched its 10th edition in December.
As a key source of market data on the Islamic economy, the SGIE Report has come into its own, having reached more than 101,000 readers across 85 countries. Download the full report to gain an insider's view of the halal ethical economy, its current trends and future prospects.
In other news, do read how the GCC-Brazil partnership and trade alliance has grown over the years.
Big story this week:
This is the 10th edition of the State of the Global Islamic Economy (SGIE) Report, first launched in 2013. In the ten years of covering this space, the global Islamic economy has grown from a $1.62 trillion consumer spending market, as estimated in 2012, to $2.29 trillion in 2022.
It has been driven by a young and fast-growing global population that extends beyond the core 1.9 billion Muslim consumers to include a wider global ethical consumer market.
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On balance, the Islamic economy has been on an impressive upward trend
There are around 1.5 million Muslims in Brazil
The space has continued to experience promising growth
In other news...
Lendo operates as a community of borrowers and sophisticated investors
It will cater to both residents and the broader region
The collaboration aims to expand avenues for SMEs to obtain financing