IslamicFinance.de

Islamic art and fashion are quickly becoming burgeoning industries within the diverse landscape of the Islamic economy, and are dominating a key market share in the global lifestyle sector. In 2014, Islamic, or modest, fashion sector expenditure reached $230 billion, constituting 11 per cent of the global fashion market. It is projected to grow a further six per cent to reach $327 billion by 2020, according to the upcoming State of the Global Islamic Economy (SGIE) report, to be published in conjunction with the Global Islamic Economy Summit (GIES). It will take place on 5 and 6 October 2015 at Madinat Jumeirah, Dubai, UAE.