American Muslim Consumers – Higher Education, Younger and Make More Money
While I’ve shared the incredible purchasing power American Muslim Consumers play nearly a year ago, major media outlets are finally asking key questions and starting interesting conversations. Yesterday, TIME shared recent poll results, CNBC quickly had a follow-up interview with Mostapha Saout, CEO of Allied Media Co.
Common Misconception: Muslims are All Arabs
In this video, I want to draw your attention to one particular slide at 3 minutes and 16 seconds. It shows the breakdown of American Muslims by Heritage. It shows that roughly a quarter is either Arab American, South Asian, African American, and Other.
Biggest Opportunities for Big Business
Additionally, Mr. Saout shares the first three major sectors that has the biggest opportunity for big business are
- Financial sector,
- Food sector, and
- Packaged goods.
- My addition: Beauty Industry as noted earlier this week and caught by TodayShow.com too.
- New: 8/22/2010: Fashion Industry.
Require certain type of financial services.
Halal Does Not Mean Kosher
A Notable correction to the above video interview: Halal does not Mean Kosher. The halal diet is similar to the Kosher diet, with Major differences shared here and here.
Why it’s critical to take note of the Muslim Consumer
- Islam is the second fastest growing religion in America (and the world), and
- Islam is the second largest religion in America (and the world).
(My additions in parentheses).
We’re curious what you think of these news updates. Please share openly below.
Similar Posts:
- The Growth of Muslims Around the World
- American Muslim Mom Debut Podcast
- Calling All American Muslims – Ground-Breaking 5-Minute Consumer Survey. PLEASE Participate. Deadline Wednesday, October 19th
- The Voices of American Muslim Moms
- The American Muslim Market is Rich, Educated, Growing Fast
Category: Money
