Bangladesh has been ranked 15th in the Global Islamic Economy Indicator (GIEI), prepared by the answer company of Thomson Reuters.
Malaysia topped the ranking with the score of 121 followed by the United Arab Emirates (UAE) and Bahrain.
Saudi Arabia, Oman and Pakistan were respectively positioned at fourth, fifth and sixth followed by Kuwait, Qatar, Jordan and Indonesia among the top 10 countries of the indicators.
Singapore held 11th position as the only country that is not a member of Organisation of Islamic Cooperation, while Brunei, Sudan and Iran were put at 12th, 13th and 14th place.
The indicator is prepared to show the current health and development of the Islamic Economy ecosystem. The components of the ecosystem are Halal Food, Islamic Finance, Halal Travel, Modest Fashion, Halal Media and Recreation, and Halal Pharmaceuticals and Cosmetics.
The indicator does not focus on the overall size and growth trajectory of a country across the Islamic economy sectors; instead it evaluates them on relative strengths of the ecosystem they have to support the development of the Islamic economy.
Dinar Standard, a growth strategy research and advisory firm based in New York, provides assistance to prepare the report. The project is supported by Dubai, The Capital of Islamic Economy.