Islamic and Emerging Markets Expected to be Trade Leaders

Islamic and emerging markets are the places to be in coming years, according to Romy Buchari, a senior executive with HSBC’s Islamic banking section. HSBC’s recent forecast indicates that the UAE, Malaysia and Indonesia will emerge as major players as global trade volumes jump 73% to $40 trillion in the next 15 years. Muslim countries will account for 5% of the world’s trade by 2025 as commodity based products, including oil, are in increasing demand in China, India and Latin America.