UAE secures $1.53 billion in Islamic investment deals
Transactions include M&A, private equity, and venture capital deals as UAE cements its role in Islamic finance
DUBAI, UAE (MNTV) — The United Arab Emirates attracted $1.53 billion in Islamic investment deals between 2023 and 2024, positioning the country as a leading global destination for Shariah-compliant financial activity.
According to a new report by DinarStandard, released as part of the 11th edition of the State of the Global Islamic Economy (SGIE), the UAE recorded a total of 50 transactions across mergers and acquisitions (M&A), private equity (PE), and venture capital (VC) within the past year.
These investments form part of the broader global halal economy, which was valued at $7.3 trillion in 2023. The figure includes $2.4 trillion in spending by Muslim consumers and $4.9 trillion in Islamic finance assets.
Total capital deployed across Islamic economy-related businesses worldwide amounted to $5.8 billion, distributed over 225 deals in 2023–2024.
In terms of deal value, Indonesia topped the global ranking with 40 transactions worth $1.6 billion, followed by the UAE in second place with $1.53 billion. Saudi Arabia ranked third, securing 34 deals valued at $1.08 billion.
The UAE also performed strongly in the Global Islamic Economy Indicator (GIEI), securing the fourth position globally.
This high ranking reflects the country’s robust trade connectivity, growing export capacity, and commitment to innovation, the report said.
“The UAE’s combination of deep trade networks, ambitious digital and AI agendas, and rapidly expanding halal manufacturing capacity positions it as one of the most influential hubs in the global Islamic economy,” said Rafi-uddin Shikoh, CEO and Managing Partner at DinarStandard.
The report underlined that M&A, private equity, and VC activity in the UAE are key indicators of the nation’s growing strategic importance in the Islamic economy.
These investment flows underscore investor confidence in the country’s regulatory frameworks, digital transformation strategies, and ability to scale halal-focused enterprises.
The analysis was conducted in collaboration with SalaamGateway.com, the Islamic Development Bank Institute (IsDBI), and the Islamic Food and Nutrition Council of America (IFANCA), combining financial data and performance benchmarks across key halal economy sectors.
The SGIE report is widely regarded as a benchmark for assessing the performance of countries engaged in Islamic economy sectors, including food, finance, travel, pharmaceuticals, and cosmetics.
Have Your Say!
Have you been affected by the issues raised in this story? Please share your experiences by emailing haveyoursay@soundvision.com.
Please include a contact number if you are willing to speak to a Muslim Network TV’s representative. You can also get in touch in the following ways:
Tweet: @MuslimNetworkTV
We must take charge of our narrative. Research indicates that 92% of their Muslim coverage is negative. Help us change that.
