• The 2022 Annual OIC Halal Economy Report,  The report, commissioned by the Islamic Centre for Development of Trade (ICDT) and produced by DinarStandard, a US-based research and advisory firm, was launched in Istanbul on November 29th, 2022 . The results of the report were as follows:

Spending on Halal food products;

• Muslim spend on food by consumers in OIC countries was valued at US$1.07 trillion in 2021. forecasted to reach US$1.5 trillion by 2026.
• This presents a strong window of opportunity for OIC countries to ramp up production, leverage growing consumer demand for healthy and organic food products lifestyle. As a result of increasing  consumer demand that has reached ($1.7 trillion in 2021) representing 79% of the global spend ($2.1 trillion). 

Exports and imports of the Islamic Cooperation Organization countries from food, medicines and cosmetics;

• The exports of food, fashion, pharmaceuticals and cosmetics equaling US$275 billion.
• The imports totaling US$338 billion.
• Only 18% of these imports were sourced intra-OIC.

• only three OIC countries made it to the top 20 exporters of halal economy products.

1. Türkiye.
2. Indonesia.
3. Malaysia.

Classification of Trade and Investment Index in Halal sectors:

• The report incorporates an OIC Halal Economy Trade and Investment Index that ranks OIC member countries’ global and intra-OIC trading activity in halal-related sectors, as well as the country’s attractiveness to investors. The index comprises of 61 metrics organized into five components for each of the eight sectors of the Islamic economy.
• The top five ranked countries in the index are:

1. Malaysia
2. The UAE
3. Saudi Arabia
4. Türkiye.
5. Bahrain.

link OIC report; https://www.una-oic.org/page/public/news_details.aspx?id=354401