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What's happening in Intra Asia
Time:2020-03-24 14:21:15


 




Is intra-Islamic trade in intra-Asia region all it can be - or can we expect it to do better - much better?

While the world map has Islamic turf including much of the land mass in the west, that is Africa and the Mideast, the bulk of the Muslim population lives in the east - lands served by the intra-Asia trade.

Sixty-two per cent of the world's Muslims live in the intra-Asia region from Turkey (pop 80 million) to Indonesia (pop 264 million), with over one billion adherents. The largest Muslim population in one country is in Indonesia, followed by Pakistan (pop 220.8 million), Bangladesh (pop 161.3 million) and India (Muslim pop 143 million) and Malaysia (Muslim pop 19.8 million).

One would have thought that Muslims, who share a common culture and a unique banking system and a trust-based method of transferring funds, would have developed, perhaps even dominated, the intra-Asia trade, as indeed they did in pre-colonial times.