Ramadan adds up to £1.3 billion to UK's economy
Ramadan-related activities contribute between 800 million to 1.3 billion pounds to the UK economy, a new study has revealed.
Activities include retail spending, charitable donations, supermarket sales, Eid shopping, volunteering, and more, enhancing economic growth and social cohesion, a report by UK-based think tank Equi suggested.
Approximately 2.6 million British Muslim adults observe fasts across the country, prompting a change in consumer spending, retail trends and charitable giving.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later