Mr Shaz Khan from 313 Global, using the available statistics, has predicted that by 2030 Muslim economy will grow to include 26% of the world population represented by a large middle class with significant disposable income, affluence and brand recognition. He named this as Gen U that will have a distinct identity combining faith with modernity.
He was giving a presentation on The Muslim Economy: The rise of Generation ‘U’ at the 12th IFEW Presentation Dinner held on Sunday 19 November 2017 at Dar-ul-Islam, Bonnyrigg joined by invited guests and members of the Islamic Foundation for Education & Welfare (IFEW).
Mr Khan said that Generation U for ‘United’ would be at the intersection of faith and modernity, strong minded with distinct ethical values, affluent and proud of their faith as well as united and inclusive extending on and sighting previous work done by Shelina Janmohamed.
He identified Muslim Economic Megatrends as Halal overall including foods, Modest Fashion, Cosmetics, Wellness and Lifestyle and Tourism. The Halal food and lifestyle industry would amount to $2.6 trillion while Halal tourism will be a $220 billion economy by 2020.
During his presentation, he told the 313 Global story that the company he established with a vision for like-minded people to come together around startups, business expansion and consulting services, particularly investments into growth businesses.
A widely travelled young professional, Mr Khan, born in Sydney has spent a considerable amount of time living and working in Europe, North America and the Middle East and is finally back in Australia.
The invitees at the event included Mr Rizvi Khan, President, Muslim League of NSW (Green Valley Mosque) accompanied by Mr Feroz Khan, Committee member, Sheikh Emad Hamdy, Imam of Othman bin Affan (Cabramatta) Mosque, together with Mr Mohammed Hassan, Committee member, and Mr Shaz Khan from 313 Global, a business advisory and consulting firm.
During the Presentation Dinner Mr Aamir Ahmad, IFEW President gave a historical perspective of the extended family led by Dr Qazi Ashfaq Ahmad and showcased various activities of IFEW and its associated organisations.
Sheikh Emad Hamdy, a highly approachable young man has been working as an appointed Imam at the Cabramatta mosque leading prayers as well as giving lectures to both adults and youth as well as conducting Islamic education classes.
Although he arrived in Australia only one and a half years ago from Egypt he spoke in English very well describing his educational attainments from Al-Azhar University in Cairo and listed the activities at the newly built/renovated Cabramatta Mosque.
The Uthman bin Affan Mosque comes under the umbrella of Lakemba based Lebanese Muslim Association (LMA).
Mr Rizvi Khan who has led the Muslim League of NSW for a number of years recounted its growth catering for the need of Muslim community of Fijian origin in particular. He listed the activities at the Green Valley Mosque and described the success story of the establishment of the Green Valley Islamic College.
A number of IFEW members recalled their professional contribution during the construction of the Green Valley Mosque and close association for Juma prayers as well as Taraveeh prayers during Ramadan over the long years.
Mr Shujaat Siddiqui, Trustee of Australian MEFF Consortium gave a presentation on the history of MEFF and its organisation and preparation for next MEFF Festival at Fairfield Showground on Sunday 8 July 2018.
Mr Zia Ahmad, Editor-in-Chief of the Australasian Muslim Times, with the help of a video presentation and AMUST website talked about the history of Muslim publications in Australia and the pioneering role of AMUST during the nineties as a multilingual newspaper and again in its current format for the last three and a half years as an English newspaper, email e-Newsletter and on-line e-Newspaper together with a dynamic website and social media presence.
IFEW presentation dinners are held in a family atmosphere during Australian Integrated Family’s (AIF) Usrah sessions (study circles) that have been conducted on a regular basis for the last 35 years.
Held twice a year, short presentations are given by IFEW, MEFF and AMUST followed by presentations from invitees to relate about their organisations as well as personal history, and then finish off with dinner in a cordial family atmosphere.
IFEW, an extended family based organisation has been the pioneers in establishing daawah, education and welfare activities for the last four decades in Sydney initiating a number of unique projects including Insight quarterly magazine, study circles, Arabic and Islamic studies classes, Multilingual Australian Muslim Times and the Multicultural Eid Festival and Fair.