Islamic investment transactions in the UAE have totalled USD 1.53 billion over the past year, positioning the country as a leading global hub for investors looking to comply with Islamic principles.
According to US-based research and advisory firm DinarStandard, the deals recorded between 2023 and 2024 include 50 transactions spanning mergers and acquisitions, private equity, and venture capital. The data is featured in the 11th edition of the State of the Global Islamic Economy (SGIE) report.
These UAE-based deals contribute to the broader “global halal economy,” which was valued at USD 7.3 trillion in 2023. This figure comprises approximately USD 2.4 trillion in spending by Muslim consumers and USD 4.9 trillion in Islamic finance assets.
In total, Islamic economy-linked businesses received USD 5.8 billion in funding across 225 deals during the 2023/24 period.
By deal value, the UAE ranked second globally, following Indonesia, which led with 40 deals worth USD 1.6 billion. Saudi Arabia secured third place with 34 transactions amounting to USD 1.08 billion.
The report also emphasised the UAE’s significant role within the Islamic economy, noting its fourth-place ranking in the Global Islamic Economy Indicator (GIEI). This strong position is attributed to the nation’s robust trade links, export capabilities, and focus on innovation.
