Reuters : Malaysia is The World’s Most Advanced Islamic Economy - The Coverage

Reuters : Malaysia is The World’s Most Advanced Islamic Economy

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Malaysia has been statistically proven to be the, by far, most advanced Islamic economy in the world, putting us far ahead of countries in the Cooperation Council for the Arab States of the Gulf (GCC), according to Thomson Reuters, a global intelligent business provider.

Contrary to popular belief, we were not bribed to write about this nor is this news fabricated. This is actually true and to even raise suspicion that our country bribed Thomson Reuters to rank us as such is biased and ridiculous. How some people think Malaysia can outbid a bribe to the global intelligent business provider against The United Arab Emirates (UAE) is beyond me. The United Arab Emirates (UAE) could easily pay triple or quintuple times of Malaysia’s highest offer to bribe Thomson Reuters to rank Malaysia as such.

That aside, it would be reckless to try and bribe a global business provider. The lash back would be a global fiasco.

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According to Thomson Reuters, they measure a country’s level of advancement through six indicators, which are as follows:

· Level of governance

· Transparency

· Education

· Finance

· Corporate Social Responsibility

· Overall Awareness

According to them, Malaysia scored extremely well on all of the aforementioned indicators and with that statement, Malaysia is currently the world’s leading Islamic economy.

The results of the global outlook of the Islamic economy were presented at the 11th World Islamic Economic Forum (11th WIEF).

The United Arab Emirates (UAE) and Bahrain came in second and third respectively after Malaysia, the results show.

Substantial growth of global Islamic finances it expected to be driven by Malaysia and emerging Islamic economies namely Indonesia, Singapore, China and Egypt.

The three-day forum saw a record attendance of 3.069 delegates comprising global leaders, ministers, speakers, exhibitors and artists from 98 countries across 5 continents.

The biggest delegation was of course from Malaysia, followed by Bangladesh, The United Kingdom, Indonesia and Singapore.

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