BD 14th in global Islamic economic indicator

FE Online Report | Published: June 06, 2019 16:08:22 | Updated: June 14, 2019 12:12:07

Bangladesh ranked 14th in the Global Islamic Economic Indicator (GIEI), according to an international index prepared to review the Islamic economic situation in 2017.

Malaysia topped the index followed by the United Arab Emirates (UAE), Bahrain and Saudi Arabia respectively. 

Oman ranked fifth, leaving Jordan, Qatar, Pakistan and Kuwait behind gradually.

In the indicator, Indonesia was placed at the 10th position, followed by Brunei, Sudan, Iran and Bangladesh respectively, while Turkey ranked 15th.

The State of the Global Islamic Economy Report 2018/19, prepared by Thomson Reuters in collaboration with Diner Standard, unveiled the indicator.

“Jordan and Indonesia have made important leaps forward in the top 10 rankings,” said the report.

“Jordan exhibited a substantial rise from 10th place to sixth place over the past year, with progress made in both Islamic Finance and food,” it added.

“Indonesia’s ranking for global Islamic economy increased from 11th place to 10th place, overtaking Brunei, driven primarily by a rise in its halal food ranking, with a substantial boost in events and press coverage related to halal food driving increased awareness,” it further added.

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