Hawzah News Agency- He said the Muslim community is far from being a marginal market player, given its collective strength of nearly two billion people and its rapidly expanding economic footprint across the Muslim world.
"The Muslim community, the Ummah, is not a marginal player, but it is a dominant could be a real potent force. This is why cooperation is no longer optional. It is essential, and we are in that process. We must build deeper economic linkage... (as) the Muslim world moves together, it shapes markets'', he said in his opening address at the Global Muslim Business Forum 2025.
The forum was jointly organised by the KSI Strategic Institute, the Islamic Chamber of Commerce and Development (ICCD), and Global One, a United Kingdom-based United Nations-accredited non-governmental organisation. It brings together policymakers, business leaders, scholars, and innovators to think ahead, look forward, and act with purpose for the global Muslim community.
Mohamed Iqbal, who is also KSI Strategic Institute for Asia Pacific deputy chairman, said Malaysia has long believed in the value of constructive engagement within the Muslim community.
With a global population of 1.9 billion and rising, Muslims represent one of the most important demographic and economic forces worldwide. In 2022, Muslim consumer spending reached US$2.29 trillion, driven by growth in halal food, pharmaceuticals, modest fashion, travel, and media.
Source: Bernama
Your Comment