The Islamization of Europe is a very profitable venture for financial services based on the Islamic economic model, which is growing at a rate of 10-12 percent every year, the study found.
These institutions have a combined capital of US$3.27 billion in Europe and need an increasing consumer base for sustained growth. Business circles in the United Kingdom, for example, have welcomed the appearance of Islamic financial and other services, in the hope of large investments, potential for services and international expansion.
Britain has five banks which are entirely Sharia-compatible and another twenty that offer financial services tailored on the Islamic economic model.
Halal food is another major business opportunity: a forecast by California-based Grand View Research indicates that by the year 2025 the global halal food market will reach US$739 billion. The main exporters of halal food are the United States, Brazil, the Netherlands, China and Germany.
The European companies providing Sharia-compatible financial services, food and clothing are only interested in expanding their business, thus are not concerned about the breakup of previous social cohesion, nor with the fact that their services further encourage migration, the Századvég research concluded.
