Islamic Digital Economy (IDE)

Driving Investments Through Islamic Digital Economy

Islamic Digital Economy (IDE)

Driving Investments Through Islamic Digital Economy

Islamic Digital Economy (IDE)

Driving Investments Through Islamic Digital Economy

Islamic Digital Economy (IDE): Malaysia - A Global Leader

A gateway to global Islamic Digital Economies

Fastest Growing Global Population

1.9 billion Muslims spent USD 2 trillion on food, pharmaceutical, cosmetics, fashion, travel, media, and recreation sectors in 2021, leading to 8.9% year-over-year growth.

The Muslim population is expected to grow up to 3 billion by 2060, covering 30% of the global population.

Growth of Ethical Consumption

The rise of ethical consumerism drives the demand for halal-certified products and services due to the shared principles.

Halal matter is now fast-gaining global recognition as a new benchmark for quality assurance, hygiene, and an ethical way of conducting business.

Digital Connectivity & Digital Commerce

Malaysia and some of the Organisation of Islamic Cooperation (OIC) countries had the highest global e‑commerce and m‑commerce adoption, above the global average of 76.8% and 55.4%, respectively.

3
Digital Connectivity & Digital Commerce
Malaysia and some of the Organisation of Islamic Cooperation (OIC) countries had the highest global e‑commerce and m‑commerce adoption, above the global average of 76.8% and 55.4%, respectively.
1
Fastest Growing Global Population
1.9 billion Muslims spent USD 2 trillion on food, pharmaceutical, cosmetics, fashion, travel, media, and recreation sectors in 2021, leading to 8.9% year-over-year growth.

The Muslim population is expected to grow up to 3 billion by 2060, covering 30% of the global population.
2
Growth of Ethical Consumption
The rise of ethical consumerism drives the demand for halal-certified products and services due to the shared principles.

Halal matter is now fast-gaining global recognition as a new benchmark for quality assurance, hygiene, and an ethical way of conducting business.
3
Digital Connectivity & Digital Commerce
Malaysia and some of the Organisation of Islamic Cooperation (OIC) countries had the highest global e‑commerce and m‑commerce adoption, above the global average of 76.8% and 55.4%, respectively.
1
Fastest Growing Global Population
1.9 billion Muslims spent USD 2 trillion on food, pharmaceutical, cosmetics, fashion, travel, media, and recreation sectors in 2021, leading to 8.9% year-over-year growth.

The Muslim population is expected to grow up to 3 billion by 2060, covering 30% of the global population.

Unlocking Opportunities in IDE

By 2025, according to DinarStandard, the global Islamic economy is estimated to reach USD 7.7 trillion. Malaysia is well-positioned to be the hub of choice for digital technology companies to capture this market.

Islamic Finance

Islamic finance assets stood at USD3.6 trillion (RM 16.2 trillion) in 2021 and expected to grow to USD4.9 trillion (RM22.0 trillion) in 2025.
Malaysia's market share is approximately 25%.
Islamic fintech is forecasted to rise from around USD 49 billion (RM 220.5 billion) in 2020 to USD 128 billion (RM 576 billion) by 2025.
Malaysia consistently ranks 1st as a leading Islamic Fintech hub.

Islamic Finance

Islamic finance assets stood at USD3.6 trillion (RM 16.2 trillion) in 2021 and expected to grow to USD4.9 trillion (RM22.0 trillion) in 2025.
Malaysia's market share is approximately 25%.
Islamic fintech is forecasted to rise from around USD 49 billion (RM 220.5 billion) in 2020 to USD 128 billion (RM 576 billion) by 2025.
Malaysia consistently ranks 1st as a leading Islamic Fintech hub.

Halal & Lifestyle

Global consumer spending on halal products and services (excluding Islamic finance assets) was USD 2 trillion (RM 9 trillion) in 2021 and expected to grow to USD 2.8 trillion (RM 12.6 trillion) by 2025.
Malaysia's halal industry is estimated to contribute 8.1% to the national GDP and generate export revenue totalling RM 56 billion in 2025.
The Department of Islamic Development Malaysia (JAKIM) as a global leader in halal certification recognises 84 foreign certification bodies in 46 countries.

Halal & Lifestyle

Global consumer spending on halal products and services (excluding Islamic finance assets) was USD 2 trillion (RM 9 trillion) in 2021 and expected to grow to USD 2.8 trillion (RM 12.6 trillion) by 2025.
Malaysia's halal industry is estimated to contribute 8.1% to the national GDP and generate export revenue totalling RM 56 billion in 2025.
The Department of Islamic Development Malaysia (JAKIM) as a global leader in halal certification recognises 84 foreign certification bodies in 46 countries.

Social Economy

Islamic social finance instruments such as waqf, zakat, and sadaqah are seeing a higher uptake with the convergence of ESG and development finance.
Estimated waqf land RM4 billion (2015) and zakat collection totalling RM2.7 billion (2019) in Malaysia.
Transparency and accountability of waqf and zakat are industry pain points.
Opportunities for technology solutions providers to unlock the potential of waqf and zakat as an economic driver via digital adoption initiatives.

Social Economy

Islamic social finance instruments such as waqf, zakat, and sadaqah are seeing a higher uptake with the convergence of ESG and development finance.
Estimated waqf land RM4 billion (2015) and zakat collection totalling RM2.7 billion (2019) in Malaysia.
Transparency and accountability of waqf and zakat are industry pain points.
Opportunities for technology solutions providers to unlock the potential of waqf and zakat as an economic driver via digital adoption initiatives.

Social Economy
- Islamic social finance instruments such as waqf, zakat, and sadaqah are seeing a higher uptake with the convergence of ESG and development finance.
- Estimated waqf land RM4 billion (2015) and zakat collection totalling RM2.7 billion (2019) in Malaysia.
- Transparency and accountability of waqf and zakat are industry pain points.
- Opportunities for technology solutions providers to unlock the potential of waqf and zakat as an economic driver via digital adoption initiatives.
Social Economy
- Islamic social finance instruments such as waqf, zakat, and sadaqah are seeing a higher uptake with the convergence of ESG and development finance.
- Estimated waqf land RM4 billion (2015) and zakat collection totalling RM2.7 billion (2019) in Malaysia.
- Transparency and accountability of waqf and zakat are industry pain points.
- Opportunities for technology solutions providers to unlock the potential of waqf and zakat as an economic driver via digital adoption initiatives.
Islamic Finance
- Islamic finance assets stood at USD3.6 trillion (RM 16.2 trillion) in 2021 and expected to grow to USD4.9 trillion (RM22.0 trillion) in 2025.
- Malaysia's market share is approximately 25%.
- Islamic fintech is forecasted to rise from around USD 49 billion (RM 220.5 billion) in 2020 to USD 128 billion (RM 576 billion) by 2025.
- Malaysia consistently ranks 1st as a leading Islamic Fintech hub.
Islamic Finance
- Islamic finance assets stood at USD3.6 trillion (RM 16.2 trillion) in 2021 and expected to grow to USD4.9 trillion (RM22.0 trillion) in 2025.
- Malaysia's market share is approximately 25%.
- Islamic fintech is forecasted to rise from around USD 49 billion (RM 220.5 billion) in 2020 to USD 128 billion (RM 576 billion) by 2025.
- Malaysia consistently ranks 1st as a leading Islamic Fintech hub.
Halal & Lifestyle
- Global consumer spending on halal products and services (excluding Islamic finance assets) was USD 2 trillion (RM 9 trillion) in 2021 and expected to grow to USD 2.8 trillion (RM 12.6 trillion) by 2025.
- Malaysia's halal industry is estimated to contribute 8.1% to the national GDP and generate export revenue totalling RM 56 billion in 2025.
- The Department of Islamic Development Malaysia (JAKIM) as a global leader in halal certification recognises 84 foreign certification bodies in 46 countries.
Halal & Lifestyle
- Global consumer spending on halal products and services (excluding Islamic finance assets) was USD 2 trillion (RM 9 trillion) in 2021 and expected to grow to USD 2.8 trillion (RM 12.6 trillion) by 2025.
- Malaysia's halal industry is estimated to contribute 8.1% to the national GDP and generate export revenue totalling RM 56 billion in 2025.
- The Department of Islamic Development Malaysia (JAKIM) as a global leader in halal certification recognises 84 foreign certification bodies in 46 countries.
Social Economy
- Islamic social finance instruments such as waqf, zakat, and sadaqah are seeing a higher uptake with the convergence of ESG and development finance.
- Estimated waqf land RM4 billion (2015) and zakat collection totalling RM2.7 billion (2019) in Malaysia.
- Transparency and accountability of waqf and zakat are industry pain points.
- Opportunities for technology solutions providers to unlock the potential of waqf and zakat as an economic driver via digital adoption initiatives.
Social Economy
- Islamic social finance instruments such as waqf, zakat, and sadaqah are seeing a higher uptake with the convergence of ESG and development finance.
- Estimated waqf land RM4 billion (2015) and zakat collection totalling RM2.7 billion (2019) in Malaysia.
- Transparency and accountability of waqf and zakat are industry pain points.
- Opportunities for technology solutions providers to unlock the potential of waqf and zakat as an economic driver via digital adoption initiatives.
Islamic Finance
- Islamic finance assets stood at USD3.6 trillion (RM 16.2 trillion) in 2021 and expected to grow to USD4.9 trillion (RM22.0 trillion) in 2025.
- Malaysia's market share is approximately 25%.
- Islamic fintech is forecasted to rise from around USD 49 billion (RM 220.5 billion) in 2020 to USD 128 billion (RM 576 billion) by 2025.
- Malaysia consistently ranks 1st as a leading Islamic Fintech hub.
Islamic Finance
- Islamic finance assets stood at USD3.6 trillion (RM 16.2 trillion) in 2021 and expected to grow to USD4.9 trillion (RM22.0 trillion) in 2025.
- Malaysia's market share is approximately 25%.
- Islamic fintech is forecasted to rise from around USD 49 billion (RM 220.5 billion) in 2020 to USD 128 billion (RM 576 billion) by 2025.
- Malaysia consistently ranks 1st as a leading Islamic Fintech hub.

Why Malaysia as a Global Hub?

Malaysia is a goldilocks country with strong value propositions for digital tech start-ups and scale-ups to land and expand into the regional and global Islamic digital economies.

Global leadership
in Islamic Finance and Islamic Fintech within the Global Islamic Economy

A mature Islamic Finance and Halal ecosystem backed by strong talent and Shariah experts

Innovation centre with many of the world's first market movers in Islamic Finance solutions, products, and services

Robust Islamic Finance
and Halal industry represented by world class bodies and organisations

Strong regulatory support with definitive guidelines for fintech and Halal investments

World’s leading Islamic financial technology hub with the highest number of IDE companies

Malaysia is a recognised global leader in Islamic Digital Economy

Islamic Finance, Islamic Fintech, and a global leader in Halal Industry.

Malaysia is #1 in the Global Islamic Economy Indicator 2022 by DinarStandard
Malaysia is #1 in the Global Islamic Fintech Index 2022 by DinarStandard

Register Your Interest

Company's contact person

Name*

Designation*

Phone Number*

Email address*

Country*

Need more information?

What is it like to run a business in Malaysia? How to benefit from the solutions and the efficiency of our business culture? What are the opportunities in specific sectors? Who to partner up with?

Need more information?

What is it like to run a business in Malaysia? How to benefit from the solutions and the efficiency of our business culture? What are the opportunities in specific sectors? Who to partner up with?

Frequently Asked Questions