Malaysia among Top 10 Richest Muslim Countries in the World

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Malaysia comes number 10 in the list of the richest Muslim countries in the world, according to Yahoo Finance.

The country has a Gross Domestic Product (GDP) per capita of 15,589 dollars. Malaysia has relatively open state-oriented and newly industrialized market economy.

Malaysia is an exporter of agricultural resources, the most valuable exported resource being petroleum.

The country has also been the largest producer of tin, rubber and palm oil in the world. Malaysia remains one of the world`s largest producers of palm oil.

Tourism in Malaysia is the third largest source of income from exchange. The infrastructure in Malaysia is considered as one of the most developed in Asia.

Having a large GDP per capita means a country is an important economic player.

Qatar is the richest Muslim country in the world. It is number 1 in the list, as it has the most and the largest GDP per capita.

It is also considered to be the first richest country in the world on the international level, according to latest international surveys.

According to Yahoo Finance, Qatar, with a population of 1.7 million, topped the list of the world`s richest Muslim countries as it booked a probable gross domestic product per capita of more than 88,919 dollars.

The country is considered to be one of the fastest growing economy in the world. The main drivers for this rapid growth are attributed to ongoing increases in production and exports of natural gas, oil, and petrochemicals.

Qatar, which will host the 2022 Football World Cup, is also in the running for the 2020 Olympics Games. It has been a high-profile investor in recent times.

 The government is also pouring money into infrastructure, including a deepwater seaport, an airport and a railway track, to make the country a better host for business and 2022 World Cup.

Kuwait takes the second position in the list, followed by Brunei Darussalam number 3, United Arab Emirates number 4, Oman number 5, Saudi Arabia number 6, Bahrain number 7, Turkey number 8, and Libya number 9.

The government of these richest countries made some rules and regulations for the better economy. Their economy depends on their agriculture, natural gas, lubricants, and infrastructure industries.

No country in the world can become rich overnight. Hard work is needed from the government and its people.




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