Jakarta, July 9 -- Indonesia placed third in the State of the Global Islamic Economy (SGIE) Indicator 2024-2025 report released by research and advisory firm DinarStandard, marking a steady climb over the past decade.

"I would like to congratulate Indonesia for maintaining the third position," a partner at DinarStandard, Reem El Shafaki, said at the global launch of the SGIE Report 2024-2025 here on Tuesday.

The SGIE 2024-2025 highlights seven key sectors of the global Islamic economy, namely halal food, Islamic finance, Muslim-friendly tourism, modest fashion, halal cosmetics, pharmaceuticals, as well as media and recreation.

In the first five years after the indicator was introduced in the 2014-2015 SGIE Report , Indonesia had ranked...