The State of the Global Islamic Economy Report issued in 2022 noted that globally, modest fashion, which is identical to Muslim clothing, is playing an important function in economic progress. In the primary half of 2022, the contribution of Muslim fashion to the trade stability was fairly vital at US$2.eight billion. The worth reflected an increase of 39.86 p.c compared to the identical period in 2021, when it was recorded at US$2.04 billion. The rise of competing purchasing hubs like China’s Hainan island, changing client preferences and an increase in on-line purchasing have fundamentally modified demand for luxurious goods in …
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