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Islamic Finance Briefing - Categorized | Emerging Trends, Market Moves, People more

10 facts about the Muslim Consumer

Posted on 25 November 2010

From Elanthemag.com: The total global Muslim population is 1.6 billion, around 25% of the world’s population today. It’s expected to be nearly 50% of world population by 2050 if it continues to outpace global population growth by 1.5x-2x. The Muslim household on average is around 5 people per family compared to the United States at 2.6 people.
The typical Muslim demographic is younger. For example, in the Middle East, North Africa and the South Asian region, the focal geography of SM Advisory Group, almost 50% of the population is under the age of 25. Furthermore with a rising middle class and adoption of modern and urban trends the consumption potential is very attractive for decades to come……………………………………….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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