The Islamic fashion business is booming..

The next big fashion trend is already here.
Spending on high-end Shariah-compliant
clothing by Muslims is surging, just as
Islam is growing and on track to become
the world's largest religion by the middle
of the century.

Muslim consumers spent about $266
billion on clothing in 2013, the latest year
for which data is available, according
to the State of the Global Islamic Economy
2014-2015 report commissioned by
Thomson Reuters and Dinar Standard. They are expected to spend about $484 billion by 2019, Reuters estimates.

This growth will coincide with an
explosion in the Muslim population from
1.6 billion to nearly 3 billion by 2050, the
Pew Research Center recently estimated.
In comparison, U.S. consumers spent $395
billion on clothes in 2013, according to
Reuters.

Designers around the world have taken
notice. The Islamic Fashion Festival,
started in 2006 in Kuala Lumpur, has been
held 17 times from New York to London,
Jakarta, Dubai, Singapore, Monte Carlo
and other cities, according to the group's
website.

Source-Business Insider