Creating and and expanding the ecosystem together.
The Halal Industry ecosystem has many gaps that will have to be filled. At Pixel Play Ventures, we accept the challenge
13 JULY 2018
The Islamic Economy
The Islamic Economy is at the cusp of major growth and widespread recognition, having gained traction as Muslims assert their religiosity and traditional values. Awareness about the concept of Halal is on the rise, and companies are responding to these consumer needs, be it for products or services.
Asia Pacific house the largest population.
1.8 billion Muslim population in the world, nearly ¼ of the world’s population Regional Distribution of Muslims
– Pew Research Institute 2017
Islamic Digital Economy
In a study on the potential of the Islamic digital economy, also stated that with over 1.7bn Muslims around the world, an Islamic economy that is expected to reach $4tn by 2020, as well as technology readiness for potentially 30% to 40% of the Muslim population, there is great potential for the emerging digital Islamic economy.
– Deloitte Consultancy
Thomson Reuters (State of the Global Islamic Economy Report 2017/18)
The Islamic economy represents a $1.9 trillion economy, projected to reach $3.5 trillion by 2021.
The Islamic digital economy is growing faster than the digital economy contributing an estimated $277 billion or 5.8% annually
Malaysia has the most developed Islamic Economy Ecosystem. Rank 1st in the world
Malaysia has one of the most recognized and respected halal compliance standards and processes led by JAKIM which implements Malaysia's Halal Certification System. JAKIM’s Halal certification is the most trustworthy and sought after by 41 countries worldwide
Islamic Digital Economy Framework
Malaysia is the first in the world to launch and introduce Islamic Digital Framework for Islamic Economy.
Innovation Digitale du Halal – a Halal-focussed accelerator program designed to cater for startups that develop Innovative Digital solutions for the Halal industry and Shariah Compliant Products; Food, Pharmaceuticals, Cosmetics, Health Products, Toiletries and Medical Devices, and also service sector components such as Logistics, Marketing, Print and Electronic, Packaging, Branding and Financing.
Key value proposition:
HID 1st Cohort
Do contact us for any queries.
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