Islamic Inspection Service - SIILHalal

Germany is the largest exporter of pharmaceuticals to the 57 countries of the Organisation of Islamic Cooperation (OIC).

The European Union’s biggest economy sold some $5.2 billion worth of pharma to OIC nations in 2019, according to the State of the Global Islamic Economy 2020/21 report from DinarStandard. This constitutes around 13.5% of all pharma exports to the OIC in 2019.

Germany’s prowess in pharma was recently acknowledged by a leading Islamic economy. In October, around 5.6% of Evotec shares were acquired by UAE’s investment company Mubadala for 200 million euros ($241 million). The German drug development company will use the funds for the global scale-up of biologics strategy, data-driven precision medicine processes, and drug discovery platforms.

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