Global Muslim Business Forum Urges Stronger Economic Cooperation

Global Muslim Business Forum Urges Stronger Economic Cooperation
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The 2025 Global Muslim Business Forum, held on Monday and organised by the KSI Strategic Institute, the Islamic Chamber of Commerce and Development, and UN-accredited NGO Global One, highlighted the need for closer economic collaboration among Muslim-majority markets.

According to IQNA, forum president Mohamed Iqbal Rawther emphasised that the global Muslim population, approaching two billion, represents a major commercial bloc with growing demand in sectors including food, finance, and technology. He said the Ummah “is not a marginal player” and could become a significant economic force if partnerships deepen.

Rawther noted that some governments have historically supported engagement in Islamic finance, halal certification, and cross-border trade networks. He added that expanding dialogue through regional platforms in Southeast Asia and the Persian Gulf could further strengthen economic links among Muslim-majority countries.

Industry data indicate Muslim consumer spending reached US$2.29 trillion in 2022, driven by rising demand for halal products, pharmaceuticals, modest apparel, travel services, and media content. The forum aims to leverage this growing market through strategic collaboration.