In a way, yes. You could call it a genocide.
If the Muslims continue to allow Western powers to exploit them and use them as their plaything, then the Muslim World will eventually reach the point of irreversible collapse/exhaustion. This happened to the indigenous peoples of the Americas hundreds of years ago, by the way.
Infighting between Sunnis and Shias, not to mention ethnic infighting, will lead to not only the balkanization/fragmentation of many Muslim countries, but will also give rise to a new generation of Muslims who will be very skeptical about their religion and prone to embracing/undergoing massive cultural and religious transformations.
It's already beginning to happen in some parts of the region. For example, the rise of ISIS and other barbaric groups has made many Muslims question their beliefs and turn to other religions or atheism.
The constant infighting has also made many Arabs in places like Egypt, Syria and Iraq reconnect with their pre-Islamic heritages. For example, many Iraqis these days refer to themselves as "Mesopotamians", while many Syrians refer to themselves as "Aramaic" or "Assyrian" peoples.
The Muslim World is reaching a socio-cultural turning point. If sectarian and extremist infighting continues to plague the region, then the Muslim World will end up going the way of the dodo, without a doubt.
And let's not even forget the massive depopulation taking place in countries such as Syria.
