Muslim Population Growth of 70% Far Exceeds the Global Rate
by, Emirates 24/7
Around 70 per cent of global population growth over the next 30 years will be in Muslim countries as the Muslim population of 1.6 billion is growing at twice the rate of the global population thus representing the fastest growing consumer segment in the world, said Russell Haworth, Managing Director, Middle East and North Africa, Thomson Reuters.
He said global Islamic banking assets, which stood at $1.3 trillion in 2011, are expected to reach $2 trillion in 2014 and have registered an average annual growth of 19 per cent over the last four years.
He added that the global market for halal food is estimated at $685 billion a year as the Muslim countries’ food industry imports are valued at $126bn, 12 per cent of global food imports while the GCC food market was worth $83 billion in 2012, and is expected to rise to $106…
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