Muslim Entrepreneurs and Professionals
Creating New Market Capital2010 - 2011
"Pursuit of provision is reason for social organization. No one person could ever master all the knowledge and skills to live well. However, he can’t survive if he remains ignorant; Thanks to diversity of their occupation and skills, people join together to share and complement each other to fulfill the need for their living" Al Shaybani (750 – 805)
“We have divided between them their livelihood in the present life, and raised some of them above others in ranks, that some of them may take others in servitude“ Quran 43:32
“Sophisticated business networks are formed which produce anddistribute goods and services throughout the economy. This network was not designed but emerged as a result of decentralizedindividual economic decisions” Friedrich Hayek (1899 – 1992)
“Invisible hand” is created by self-interest, competition, supply anddemand Adam Smith (1723 – 1790)
“God is the one who sets prices, who takes, who amply givessustenance, who makes provision, I do not wish that I meet GodMost High and anyone has against me a claim of injustice in eitherBlood (life) or property” Mohammad - Bukhari and Muslim
Information provided is preliminary, not scientific and therefore needs to be verified through alternate sources, further research and analysis
Final report to contain aggregated data. No disclosure of individual subjects information
Consent requirement before publishing the qualitative information
0
20,000
40,000
60,000
80,000
100,000
120,000
Sources: Survey reports, real estate transactions, and product registrations
0
500
1,000
1,500
2,000
2,500
3,000
Sources: Survey reports, real estate transactions, and product registrations
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
Per
cen
t (
%)
Owner59%
Manager16%
Site Manager9%
President8%
Office Manager2%CEO
2%
Vice President1%
Other3%
Data Source: Phone books, county and sec of state records and verified by phone calls
$500,000 - 1 Million39%
Less Than $500,00038%
$1 - 2.5 Million14%
$2.5 - 5 Million4%
$5 - 10 Million2%
$10 - 20 Million1%
Other2%
New York25%
Chicago20%
Houston12%
Los Angeles8%
Silicon Valley7%
Washington DC8%
Dallas5%
Kansas City5%Detroit
5%
Sacramento3%
Seattle1%
Boston1%
Physicians & Surgeons38%
Restaurants10%
Service Stations-Gasoline & Oil8%
Convenience Stores7%
Grocers-Retail5%
Dentists4%
Pizza2%
Insurance2%Cleaners
2%
Beauty Salons
2%Automobile Repairing &
Service2%
Attorneys2%
Cellular Telephones (Services)
2%
Business Services
2%
Hotels & Motels
2%Pharmacies
1%
Delicatessens1%
Travel Agencies & Bureaus
1%Liquors-
Retail1%
Jewelers-Retail
1%
Real Estate
1%
Doughnuts1%
Physical Therapists1%
Limousine Service1%
New York26%
Chicago25%
Kansas City9%
Detroit8%
Los Angeles8%
Washington DC7%
Houston7%
Silicon Valley4%
Sacramento3%
Boston2%
Seattle1%
Sample Size: 1617
New York27%
Chicago21%
Houston12%
Washington DC11%
Los Angeles9%
Silicon Valley6%
Dallas4%
Sacramento4%
Detroit3%
Seattle2%
Boston1%
Sample Size: 435
Houston36%
Chicago13%
Washington DC10%
New York9%
Dallas9%
Kansas City9%
Los Angeles5%Seattle
3%Detroit
3%
Silicon Valley
1%
Sacramento2%
Boston0%
Sample Size: 355
New York26%
Chicago22%
Washington DC9%
Sacramento9%
Los Angeles8%
Silicon Valley6%
Detroit6%
Houston5%
Dallas5%
Kansas City3%
Seattle1%
Sample Size: 200
Chicago31%
New York23%
Houston11%
Kansas City9%
Silicon Valley6%
Los Angeles5%
Detroit5%Sacramento
5%Washington DC
3%
Dallas2%
Sample Size: 84
New York25%
Chicago23%
Washington DC19%
Los Angeles13%
Kansas City7%
Houston6%
Silicon Valley6%
Dallas1%
Sample Size: 69
Chicago16%
Washington DC16%
Los Angeles14%
Houston13%
Silicon Valley13%
New York11%
Sacramento6%
Seattle4%
Detroit3%
Kansas City3%
Dallas1%
Sample Size: 70
New York80%
Los Angeles11%
Washington DC5%Chicago
3%
Detroit1%
Sample Size: 65
Pew Research (2009)
Pew Research (2009)
0
10
20
30
40
50
Hindus Jewish Buddhist Muslims
Sources: Survey reports, real estate transactions, and product registrations
Per
cen
t (
%)
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
Hindus Jewish Buddhist Muslims
Sources: Survey reports, real estate transactions, and product registrations
Per
cen
t (
%)
To understand why American Muslims are lagging behind their religious peers in income?
To analyze barriers to professional education, effective mentoring and networking
To help build educational and mentoring resources for entrepreneurs and professionals
In-depth knowledge about business owners and executives in selected industries and markets
Study educational, mentoring & networking patterns among religious minorities
Socio-political conditions and market trends that affect business owners, executives, managers and professionals in free markets
Higher and professional education matters
Common perception: Muslims excel individually, often fail in group settings
Religious minorities such as Hindus, Jews, and Buddhists seems to have developed a better informal and institutional mentoring & networking system
Establishment of franchises beyond metropolitan boundaries
Helping young entrepreneurs understand market conditions and business opportunities
Learn and share valuable lessons of mentoring & group dynamics
Creation of angel and venture investment groups
Industry specific conferences and events to facilitate mentoring, networking and sharing of information
Researchers, pollsters, interns with proven academic background and skills
Random and targeted sampling of over one million US. Muslim households and 7,000 business owners, executives, managers and professionals
National surveys, focus group studies, in-person interviews in selected metropolitan areas
Commitment to privacy policy and consent
Westernmuslims.org
Articles and news
Induspoll.com
Polls and survey
Tujjar.org
Business directory
Budget Study cost: $40K - 60K per city (Total: ~$250K) Funds collected: ~8 % Study duration: 18 months
Ways to contribute Corporations and foundations: $10,000+ Endowment: $5,000+ per year Join Research Circle: $1,000 per year Sponsorship: $2,500, $1,000, $500, $100
How to participate? Internship and volunteering Help in completing surveys and polls Become or recommend member of focus group studies
Strategic Research Circle
4963C NE Goodview Circle, Lee’s Summit, MO 64064 [email protected] | www.srcircle.org | 816-256-3993
Muslim Wealth Study
A 501(C)(3) Non-profit
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