Muslims' Contribution To Global Economy Forecasted

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17 September 2015. Research by Thomson Reuters and DSOA has revealed that Muslims' contribution to the global online economy is expected to increase at an annual growth rate of 17% in 2020, faster than the expected global annual growth rate of 15%. Muslims contributed 107 billion US dollars to the global online economy last year, accounting for almost 6% of the global online economy. “Modest fashion” ecommerce websites, Islamic education apps, Halal food websites, Islamic banking, and food transportation and logistics were amongst the best performing Islamic digital categories, whilst Islamic social networks were less popular. A spokesperson from Thomson Reuters commented on the study, saying: “The report reaffirms that Islamic digital economy has an integral part of everyday life, and indicates significant opportunity for growth in terms of business and innovation.”

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