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The economy of the Organisation of Islamic Cooperation (OIC) combines the economies of 56* member states. 49* are predominantly Muslim states. As of 2013, the combined GDP (nominal) of 48* Muslim majority countries was US$ 12.97 trillion. [1] As of 2016, they contributed 8% of the world's total. [2]
Islam was also brought to Malaysia by Arab Muslim and Tamil Indian Muslim traders in the 12th century CE. It is commonly held that Islam first arrived in the Malay peninsula since Sultan Mudzafar Shah I (12th century) of Kedah (Hindu name Phra Ong Mahawangsa), the first ruler to be known to convert to Islam after being introduced to it by ...
[37] (with around 1%), [38] non-denominational Muslims, Quranist Muslims and Wahhabis (with around 1–2% [39] of the world's total Muslim population) also exist. A study from the Pew Research Center in 2012 found that many Muslims (one out of five in 22 Muslim majority countries) identify as non-denominational or "Just a Muslim". [32]
Islam is the predominant religion of the country and is recognised as the state's official religion. [18] It is practised by about 63 percent of Malaysians. Many Muslim holy days are national holidays, including the end of Ramadan, the end of the Hajj, and the birthday of Muhammad. [19]
The development of many Malay Muslim-dominated ... Malaysia total: ... This was a period of extensive economic growth which saw economic centres in the ...
Bumiputras totaling 69.7% of Malaysia's population as of 2021 are divided into Muslim Malays proper, who make up the majority of the Malaysian population at 57.9%; and other bumiputra, who make up 13.2% of the Malaysian population, and most of whom belong to various Austronesian ethnic groups related to the Muslim Malays. [11]
Manufacturing has a large influence in the country's economy, [220] although Malaysia's economic structure has been moving away from it. [221] Malaysia remains one of the world's largest producers of palm oil. [222] Tourism is the third-largest contributor to Malaysia's GDP, after the manufacturing and commodities sectors. [223]
According to a HSBC report in 2012, Malaysia is expected to become the world's 21st largest economy by 2050, with a GDP of $1.2 trillion (Year 2000 dollars) and a GDP per capita of $29,247 (Year 2000 dollars). The report also says "The electronic equipment, petroleum, and liquefied natural gas producer will see a substantial increase in income ...