The Chicago Islamic Finance & Economic Conference 2014 will provide the platform for the Islamic Finance sector and the Halal industries to engage in meaningful discussions, market and consumer challenges, and chart the path for the Islamic Economy in the United States and Globally.
Islamic Finance is estimated to grow 15-20% from its current value of $1.35 trillion in assets covering commercial banking, funds, Sukuks, Takaful and other segments. The Islamic Economy with over $3.0 trillion encompassing Halal food, finance, clothing, tourism, media & recreation, pharmaceuticals, and cosmetics is estimated to grow in double digits in the next five year.
There are approximately 8 Million Muslims in North America with 7 Million living in the United States with an annual growth of 6% versus 0.9% for the total U.S. The Muslim American population is estimated to reach 16 Million by 2024. The current population of Muslim Americans is equal to what the Hispanic community population was 25 years ago.
Muslim Americans are more affluent than their peers with a physician living in one of ten of Muslim American households. There are over 1,209 Masajid (Houses of Worship) in the United States with over ¼ of Muslim Americans associated with a Masjid. The demand, growth, & opportunities of the Islamic Finance and Halal industries are considerable. It is projected that Muslim world will be doing 50% of their banking needs with Islamic institutions by 2020. The demand from the Muslim American community will parallel the world demand
Join us at the Chicago Islamic Finance & Economic Conference on Saturday June 14, 2014 to discuss The Growth of Islamic Finance in the United States: Opportunities, Demand, & Challenges.
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