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Islamic Economy Start-up Opportunity

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#TurinTIEF17 @TurinTIEF Islamic Economy Related Startups & Sharing Economy Rafi-uddin Shikoh, CEO, Presented by:
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#TurinTIEF17 @TurinTIEF

Islamic Economy Related

Startups & Sharing Economy

Rafi-uddin Shikoh, CEO,

Presented by:

#TurinTIEF17 @TurinTIEF

Main Office:

80 Broad Street, 5th Floor, New York City,

NY 10004, USA

Dubai Office:

Knowledge Park, Block 9, PO Box 50221,

Dubai, UAE

Analyst Network:

New York, London, Istanbul, Kuala Lumpur,

Jakarta, Cairo, Dubai

W: www.dinarstandard.com

#TurinTIEF17 @TurinTIEF

1. IE startup ecosystem & innovations

2. IE startup financing ecosystem

3. Challenges & Opportunities

OUTLINE

3Islamic Economy (IE) Related Startups &

Sharing Economy

#TurinTIEF17 @TurinTIEF

IE startup ecosystem & innovations 4

Muslim consumer value to the global digital economy estimated at $107B in 2014 and projected to grow at 17% CAGR to $277B in 2020.

Two key drivers:1. General lifestyle needs: 4 categories of

global digital services: Information & media (Google, iTunes), Functional tools & services (Skype, PayPal), Commerce & exchange (Ebay, AirBnB) and Social & crowd networks (Facebook).

2. Islamic law/ spirituality lifestyle needs: Religious lifestyle productivity, Halal food ratings and review, Modest clothing, among others

Download from: www.salaamgateway.com

#TurinTIEF17 @TurinTIEF

IE startup ecosystem & innovations 5

1. Global Digital Services most all serve “General Lifestyle Needs” of Muslim consumers

Download from: www.salaamgateway.com

#TurinTIEF17 @TurinTIEF

IE startup ecosystem & innovations 6

2. Report defines “Digital Islamic Services” as those digital-native, consumer-facing services whose primary offering is driven by ‘Islamic’ content or requirement.

Download from: www.salaamgateway.com

#TurinTIEF17 @TurinTIEF

IE startup ecosystem & innovations 7

Download from: www.salaamgateway.com

#TurinTIEF17 @TurinTIEF

IE startup ecosystem & innovations 8

400+ IE focused startups tracked since 2013 that go beyond digital

• 400+ startups since 2013; • many new 2017;

• existing ecosystem of 2500+ companies

#TurinTIEF17 @TurinTIEF

1. IE startup ecosystem & innovations

2. IE startup financing ecosystem

3. Challenges & Opportunities

OUTLINE

9Islamic Economy (IE) Related Startups &

Sharing Economy

#TurinTIEF17 @TurinTIEF

IE startup financing ecosystem 10

OIC investments in start-ups are low relative to global start-up financing

Download from: www.salaamgateway.com

#TurinTIEF17 @TurinTIEF

IE startup financing ecosystem 11

OIC Startup financing landscape 2015

Download from: www.salaamgateway.com

#TurinTIEF17 @TurinTIEF

IE startup financing ecosystem 12

Robust emerging ecosystem for Islamic Economy startups

Download from: www.salaamgateway.com

#TurinTIEF17 @TurinTIEF

1. IE startup ecosystem & innovations

2. IE startup financing ecosystem

3. Challenges & Opportunities

OUTLINE

13Islamic Economy (IE) Related Startups &

Sharing Economy

#TurinTIEF17 @TurinTIEF

Challenges & Opportunities 14

The IE startup ecosystem is facing many challenges

• While startup capital - first rounds are

happening (2nd rounds at risk) given

lack of sustainable or breakthrough

growth or actual revenues/ income

• Rare exits to show

• Scale and reach challenges -- product

innovation/ customer uptake;

marketing reach; technology issues

#TurinTIEF17 @TurinTIEF

Challenges & Opportunities 15

Clear Opportunitiesexist within ‘General Lifestyle’ and ‘Islamic Digital Services’ Startups

Both for Italy based investors and elsewhere

Download from: www.salaamgateway.comDownload from: www.salaamgateway.com

#TurinTIEF17 @TurinTIEF16

Free Resources for all this and more data/insights

The Halal Economy

www.salaamgateway.com

State of the Global Islamic Economy Reportwww.dinarstandard.com


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