The Muslim consumer market undeniably presents the next big thing for investors at 1.8 billion and growing, it only makes sense that big business will soon find itself catering for the Muslim Market. The Halal market alone is estimated at USD 2.1 trillion a year and considering the expected population growth in Muslim countries, it will increase by 500 billion a year.
However, Islam teaches us the virtues of unity and how it gives our ummah strength. If you were to ask who is the most united community in the world. You may be surprised to find, it’s 300 Leverage Muslims. Yes, you heard it right. There are 300 Muslims who got together and launched a business collectively and that’s our No.1 recommendation for a halal business today.
#1. Best Business For Muslims By Far is : Leverage Muslim Entrepreneur
LME is all about 300 Muslims working with each other to take on one of the most competitive markets in the world. The Unity they share and the learning that is coming from it is out of this world. If you are really serious about starting a business, doing it alone is not the way to go. This is the best business opportunity for Muslims who want to start a successful and halal business. Don’t take my word for it. See it for yourself.
Click below and see how you can get more than 300 people to start helping you right away. Check out their video.
It goes without saying that now is a good time to take your slice of the pie, and to help you with that, we propose you check out the Leverage community.
But if you’re looking for a couple of quick fixes, these low capital intensive business ideas will get you going in 2017.
#2. Halal Bed & Breakfast
Ideal for someone who has a home and spare rooms in a city or country that attracts tourists, an Islamic Bed and Breakfast will attract the niche Muslim traveler. This will not cost you much and it can be done from the comfort of your own home.
The Islamic Tourism market is largely untapped and presents huge opportunities. Halal Tourism provides Sharia complaint travel destinations and services for Muslim Families. Many Muslim travelers would prefer to be in an environment that is sensitive to their culture such as no alcohol consumption, limits to gender mixing and availability of praying facilities etc.
This also gives you the opportunity to meet new people and network! You can find customers by uploading profiles on services such as air-bnb or listing with many Halal Travel agencies.
#3. Operating a Halal Child Care Service
With advances in women’s rights even in the Muslim world, Many Muslim 2 parent households have both parents in the work force these days. This means there should be a corresponding increase in the demand for child care services.
Muslim Parents may rather that their child’s is catered for in a halal daycare.
For you again, this may not require much initial capital and working from home is still a possibility unless you decide to run the service at a different location. Finding customers should not be that difficult as long as you direct your marketing appropriately, also word of mouth referrals will go along away and very soon, your problem may be having too many customers chasing you!
#4. Halal in-home Takeout
If cooking is your passion then it makes sense that you make money from it, lots of it! Takeout services is growing fast with many Muslims preferring a quality home cooked meal to buying what may or may not be halal meals at a restaurant. Not to mention, quality halal food is not the easiest to find, with many sacrificing quality in a very competitive market.
Running a take out from your home or a small kiosk outside your house is sure to attract your neighbors that do not have the time to cook etc and before you know it, you are in business!.
#5. Virtual Assistant
The virtual assistant industry has seen significant growth in recent years and has been a way of helping stay at home moms work from home. It is relatively cheap to start because all you need is a PC and a good internet connection to begin with. Investments for the purposes of file keeping and other office tools etc can come in later.
Virtual assistants mostly work as independent contractors and use technology to deliver services for clients all over the world. They mostly work from their home offices.
There you have it, we hope this article has inspired you to seek out ways you can take advantage of the Muslim market. Please let us know if you have any more ideas and be sure to check out the Leverage community mentioned above.