The reason for the diversity is due to the involvement of islamic states into trades.
<u>Explanation</u>:
There are around 1.5 billion muslims and only in USA there are around 5-6 million. Islamic states came into the field of trading. Islamic traders trade along Asia and the Far East as it is considered to be the main trade route. Sufi orders were then further extended and finally strengthened by the enlargement of converted rulers' territories and their societies.
Trading of crude oil and refineries makes them stand out in the world trade competition. The technological advancements and innovations in the Islamic Gulf countries is the outcome of their successful trading.
A. trusts had no federal backing or insuring holding companies were also considered private lenders and holders so there was no federal back Lash therefore monopoly laws didnt apply.
