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India's Muslim population is the world's largest Muslim-minority population in the world (11% of the world's Muslim population). [187] Jones (2005) defines a "large minority" as being between 30% and 50%, which described nine countries in 2000, namely Eritrea , Ethiopia , Guinea-Bissau , Ivory Coast , Nigeria , North Macedonia , and Tanzania ...
The Islamic Bank of Britain, the first Islamic commercial bank established outside the Muslim world, was not established until 2004. [ 65 ] By 2008 Islamic banking was growing at a rate of 10–15% per year and continued growth was forecast. [ 82 ]
Islam [a] is an Abrahamic monotheistic religion centered on the Quran and the teachings of Muhammad, the religion's founder.Adherents of Islam are called Muslims, who are estimated to number approximately 1.9 billion worldwide and are the world's second-largest religious population after Christians.
The 500 Most Influential Muslims (also known as The Muslim 500) is an annual publication first published in 2009, which ranks the most influential Muslims in the world. The publication is compiled by the Royal Islamic Strategic Studies Centre in Amman , Jordan .
The plague began in China, and reached Alexandria in Egypt in 1347, spreading over the following years to most Islamic areas. The combination of the plague and the wars left the Middle Eastern Islamic world in a seriously weakened position. The Timurid dynasty would found many strong empires of Islam, including the Mughals of India. [209] [210]
In China, Muslim population growth has been estimated to be as much as 2.7% from 1964 to 1982, however the Pew Research Center projects a slowing down of Muslim population growth in China. [21] By contrast, China's Christian population growth has been estimated at 4.7% based on total population figures from the year 1949. [ 22 ]
Between the 9th and 14th centuries, the Muslim world developed many advanced economic concepts, techniques and usages. These ranged from areas of production, investment, finance, economic development, taxation, property use such as Hawala: an early informal value transfer system, Islamic trusts, known as waqf, systems of contract relied upon by merchants, a widely circulated common currency ...
The Kingdom of Aksum in Ethiopia was the first foreign country to accept Islam when it was unknown in most parts of the world. [9] The kingdom also favored its expansion and making Islam present in the country since the times of Muhammad (571–632). [9] Islam and Christianity are the two major religions and have co-existed for hundreds of years.