Background
The consumer market is growing, and the preferences of the world’s nearly 1.5 billion Muslims are faith-based. Hence, using the concept of Shariah-compliance as a marketing strategy has started to take root in the global and national marketplaces.
Key Initiatives
- Organize events, Fund research, white papers, case studies, and surveys related to the American Muslim consumer market.
- Establish a network of entrepreneurs and investors who are willing to share their success and experience through mentorship.
- Ensure that Muslim-owned businesses are committed to social responsibility and contributing their share of resources and funding towards community development projects.
- Share and collaborate with similar organizations whose objectives are to promote entrepreneurship by launching various development programs.
Scope trends and Opportunities
- 1st Conference – attended by 225 delegates, mostly from the American Muslim community.
- It brought experts who were interviewed by a JWT 2007 study revealed that the American Muslim consumers represent a neglected market with huge potential for brands that are willing to connect with them.
- Our social media channels provide a medium for American Muslim consumers to reach us.
Charting the Landscape
- 2nd Conference – attended by 350 delegates, including Miles Young (CEO of Ogilvy & Mather).
- Ogilvy & Mather released a research report at the conference on how different brands can engage American Muslim Consumers.
- Launched the Entrepreneurship Showcase.
- Launched Multicultural Award – In 2010, it was presented to Best Buy for acknowledging the Eid al-Adha festival in their marketing brochures.
Multiculturalism and American Consumer Market
- 3rd Conference – attended by 350 delegates, including executives from Best Buy, Ogilvy & Mather, Walmart, and The Fortune Company as speakers and panelists.
- Five companies were selected to present at the Entrepreneurship Showcase.
- DinarStandard’s in-depth study titled “American Muslim Market: Business Landscape & Consumer Needs” released at 3rd conference.
- 2011 Multicultural award was presented to Ogilvy & Mather for study on American Muslims titled “A little Empathy goes a long way, How brands can engage American Muslim Consumer”.
The New Face of Muslim Consumers; Socially Conscious, Innovative and Engaged
- 4th Conference – attended by 350 delegates.
- Four companies were selected to present at the Entrepreneurship Showcase
- Launch of two things
– the American Muslim Consumer Consortium.
– Entrepreneur of the Year” award which was presented to Ahmad Adam, Founder, and CEO of Crescent Food. - 2012 Multicultural Award was presented to Saffron Road.
Muslim Market: Global Perspectives – Entrepreneurs Driving Change
- The Sold-out Conference was attended by over 400 delegates.
- Six companies were selected to compete for a $10,000 cash prize in the Entrepreneur Showcase.
- Launched The Muslim Green: American Muslim Market Study 2014-15 in partnership with DinarStandard.
- 2014 Multicultural Award was presented to The Halal Guys.
The Emerging Paradigm: Faith, Values, and Innovation
- 6th AMCC conference held in 2016.
- The conference focussed on current trends, a successful launch of products which are innovative and still driven by faith and values.
- 5 startups were selected to compete for a $10,000 cash prize in the Entrepreneur Showcase.
- 2016 Multicultural award was presented to Lush Cosmetics.
Entrepreneurship Showcase
Since its launch in 2010, we have received applications from more than 200 startups, of which 20 companies were selected to present their business plan to a panel of entrepreneurs and investors. This has become the most popular session in our conference and has been compared to ABC’s Shark Tank.
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2010
Zaiken Jewelry
Muslim Ad Network
Illume Magazine
Zaffron Food
Little Big Kids
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2011
ModernEid
MyQuran
Noriba Investments
Natural Lifestyle Co.
Good Earth Potato
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2012
Noor Kids
Hygienna
Taaza2U
Strategic Realty
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2014
Apna Ghar Home Care
Alchemiya
Biyo
LaunchGood
My Halal Kitchen
Northern World Entertainment Software
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2016
Divine Connect
Navanita Healthcare
Muzmatch
Purify Your Gaze
Sprinjene