LONDON (QHA) - Britain has more than 10,000 millionaires from the among 2.72 million Muslims who live and work in the country, contributing 31 billion pounds (Rs.3 trillion) to its economy, a new report says, First Post informs.
"The Muslim Pound - How Muslims Add Value to Britain's Prosperity" was released by the Muslim Council of Britain ahead of the just-concluded 9th World Islamic Economic Forum Meet 2013 in London.
According to the report, five decades on, there are more than 10,000 millionaires and thousands of others are engaged in higher managerial, administrative and professional occupations.
"From coffee houses in Elizabethan London to curry houses in modern day Britain, thousands of Muslim-owned businesses have made a significant contribution to the UK economy, and, by extension, the cultural life of Britain," the report said.
In London alone, an estimated 33.6 percent of small to medium enterprises are Muslim-owned. With over 13,400 Muslim-owned businesses, they have created more than 70,000 jobs and some have gone to become big household brand names.
According to Muslim Council of Britain secretary general Farooq Murad, it is the country's largest Muslim umbrella body with over 500 affiliated national, regional and local organisations, mosques, charities and schools.