Institute for Islamic Banking and Finance

Market potential Islamic Banking Europe

• European Muslim inhabitants: Ca. 55 Million Muslims
  
  • Whereof ca. 25 million live on the European continent in Russia
  • 5,9 million Muslims live in Turkey
  • Within the European Union there are approx. 14 million Muslim inhabitants, most of them living in France (5,5 million and Germany (4,3 million)
  • The percentage of EU- Muslims amounts to 3,5 %
    
    • Thereof in France 8%,
    • in the Netherlands 5,5%,
    • in Austria: 4% and
    • in Germany 3,9%

• 3.5 million Muslims live in Germany
  • Approx 1 million with a German citicenship (from the Muslims in Germany 0,45% are of German descendant)
  • Estimated wealth of Muslims: approx. 18-25 billion €
  • Saving capacity approx. 1.6 billion € - insurance prizes: approx. 1 billion €
  • 70% of all Turks living in Germany identify themselves as religious
  • The currently generated 50 billion from Turkish entrepreneurs are expected to almost double up to 2010
  • The significant decrease of money transfer to foreign countries leads to more investments in Germany
  • Around 30 Islamic organizations exist in which around 500.000 members are organized

• Newsworthy: There is no target group affine product- portfolio

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