Journal of Islamic Economics Lariba is international peer-review journal focusing on research on global Islamic economy indicators. The journal welcomes contributions in the following topics:
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These topics are chosen as part of the journal to capture substantial economic potential of the Muslim world as indicated by the Global Islamic Economy Index (GIEI). GIEI is a comprehensive ranking system that evaluates the development and performance of the Islamic economy across different countries. It assesses key sectors such as Islamic finance, halal food, modest fashion, halal pharmaceuticals and cosmetics, halal travel, and media and recreation. The index is designed to measure the readiness and strength of each country's ecosystem in fostering a robust Islamic economy, considering factors like government regulations, industry size, innovation, and consumer participation. Countries are ranked based on their ability to support and expand these sectors in alignment with Islamic principles, offering insights into market trends and investment opportunities.
Developed by DinarStandard in collaboration with various global partners, the GIEI is a strategic tool for businesses, policymakers, and investors seeking to navigate the growing halal economy. The index provides annual reports analyzing the economic potential of different nations while highlighting success stories and emerging trends. Countries such as Malaysia, Saudi Arabia, and the United Arab Emirates have consistently ranked high due to their strong regulatory frameworks, well-developed Islamic financial systems, and commitment to innovation in halal industries. As global demand for ethical and Sharia-compliant products rises, the GIEI plays a critical role in shaping strategies for sustainable growth in the Islamic economy.
Since its inception, the Global Islamic Economy Index (GIEI) has highlighted the substantial economic value of various sectors within the Islamic economy. In 2018, Muslim consumer spending across food, pharmaceuticals, and lifestyle sectors reached approximately $2.2 trillion. By 2022, this spending had grown 9.5% year-on-year to $2.29 trillion. Islamic finance assets also saw significant growth, increasing by 7.8% to an estimated $3.6 trillion in 2021. The global Muslim market is projected to expand to about $2.8 trillion by 2025, with the halal food sector being a major contributor. The halal food market alone reached a value of $2 trillion in 2021 and is expected to grow to $3.9 trillion by 2027. These figures underscore the Islamic economy's rapid growth and economic significance across its various sectors.
The Journal of Islamic Economics Lariba is designed to capture the opportunities presented by the Global Islamic Economy Index (GIEI) by publishing high-quality research relevant to its key sectors, including Islamic finance, halal food, modest fashion, halal pharmaceuticals and cosmetics, halal travel, and Islamic media and recreation. Recognizing these sectors' rapid growth and economic significance, the journal welcomes original research articles that contribute to the academic and practical development of the Islamic economy. All submitted manuscripts undergo a rigorous peer review to ensure scholarly excellence and alignment with contemporary industry trends. Additionally, every submission is subject to editorial evaluation by the editor-in-chief, ensuring that published works maintain high academic integrity and relevance standards. The journal aims to support and drive innovation in the global Islamic economic landscape by providing a dedicated platform for research on Sharia-compliant economic practices.
An article submitted to the journal will be blindly reviewed by two experts in the field of study. If both reviewers agree upon the publication, the editor in chief will publish the article after revision. In case reviewers do not agree upon the acceptance of the article, final decision of publication will be in editor in chief.
The journal publishes two issues in one volume a year. The issues are expected to be published in June and December of each year.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
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