Monday 8 December 2014

Double-digit growth boosts Islamic economy | The National

Double-digit growth boosts Islamic economy | The National:



"These are heady days for the Islamic economy – from Tayyab foods to sukuk issuance, halal industries are experiencing double-digit growth, a new report from Thomson Reuters and DinarStandard says.



The UAE has the second-most developed Islamic industries after Malaysia, according to the report, which was released yesterday. Dubai aims to be the capital of the global Islamic economy by 2016.



The UAE leads Malaysia in cosmetics and fashion but trails in finance, food, pharmaceuticals and travel excluding the Hajj and Ummrah, the report said. Malaysia has a Muslim population of approximately 17 million."



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