US Muslim Consumer Market Growing, Businesses Starting to Notice

Posted by: admin | Posted on: April 11th, 2012 | 0 Comments

New article on about the Muslim Market on Huffington Post, featuring quotes from our friends at DinarStandard.

“The emerging American Muslim market is perhaps the new area that a lot of businesses … are starting to look into,” said Rafi-uddin Shikoh, managing director and founder of DinarStandard

Some key points from the article:

• Muslim consumers are growing in the U.S. and they have money to spend.
• Businesses are starting to take notice of the Muslim market and consumer.
• Latest estimates of Muslim market potential: disposable income of between $107 billion and $124 billion (this is revised from earlier estimates of $170 Billion)
• Pew Research found that U.S. Muslims (14 percent) roughly mirror the general population (16 percent) on the percentage of households with annual incomes of $100,000 or more

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