In Britain, there are 3 million Muslims and if you look at the country’s most powerful people in business, you would definitely recognise it as has the Muslim Council of Britain (MCB) with their report on ‘The Muslim Pound’. The report assesses the Muslim contribution (both nationally and on the global level) to the UK economy and was published in 2013, as part of the MCB’s participation at the 9th World Islamic Economic Forum in London.
In the different thriving market, one particularly stands out – the halal meat industry. It is interesting how the report highlights that: “A report in 2001 valued the British halal industry at £700 million (Reference number 5), though we would expect to this to be far higher, in excess of £1 billion given that the world halal food market is estimated at $685 billion. Meanwhile, the global halal lifestyle market is estimated at $1.2 trillion (Reference number 6).” ‘The Muslim Pound’ has been more effective in another sector – the charity one – as it has been found that Muslims give more in charity compared to other religious groups in the UK (Reference number 7), (p. 9-10).
‘The Muslim Pound’ infographic, showing their main findings from the report:
At MAB, we have profiled five of the most influential business people in the UK. These include include Sir Anwar Pervez, a Pakistan-born businessman who ranks as the 6th richest Asian in Great Britain and he is the richest Muslim. James Caan, whose real name is Nazim Khan; he is a renowned British-Pakistani businessman and entrepreneur who appeared in the BBC’s Dragons’ Den. Sultan Choudhury: Bengali in origin; Sultan is a businessman and the managing director of Al Rayan Bank (formerly known as the Islamic Bank of Britain, IBB). Husna Ahmad, a Bangladeshi-born British humanitarian and chief executive officer of the Faith Regen Foundation. She sits on the Advisory Board to the East London Mosque, and previously she sat on the Department for Work and Pensions’ Ethnic Minority Advisory Group (EMAG). Adeem Younis is the founder of the biggest online matrimonial website, SingleMuslim.com.
Closer Look of Two Profiles:
James Caan CBE was also born Nazim Khan – is one of the UK’s most successful entrepreneurs. He has established and sold a number of recruitment businesses such as Alexander Mann, Humana International and Human Capital Investment Group. He is the 7th most followed on LinkedIn, showing his popularity. Caan has appeared on the BBC show Dragon’s Den and presented CNBC’s ‘Business Class’. Besides business, he is also generous in charity and have been involved in philanthropic work at home and abroad.
Adeem Younis has enjoyed his business success online with SingleMuslim.com. He is also the founder of a big charity, Penny Appeal and TV channel British Muslim TV. Younis has won awards such as Shell LiveWIRE Young Entrepreneur of the Year (2003) and Association of Colleges Gold Award (2011). He was the finalist in the Wakefield District Business Award in the Business Entrepreneur category (2007) and is a to times Guinness World Recorder holder (2014 and 2015). SingleMuslim.com is considered one of the first and biggest online matchmaking sites for Muslims. It claims to have nearly two million users and over 20,000 successful marriages.