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Business Strategies for OIC* Markets
  
 
Jun 2010: Rabi Al-Thani/ Rajab 1431: Issue 32
 

 
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Defining a Muslim Business

Dinar StandardT targets the particular needs of the Muslim world, yet many of the insights and resources do apply to the broader global business community.

We define Muslim Business as domestic companies based in the OIC (Organization of Islamic Conference) member countries, or a business that has an Islamic aspect to them such as Islamic products or services (e.g. Qibla Cola in U.K), or a management team applying a corporate culture based on Islamic values.

In certain cases such as our exclusive rankings (e.g. the DS 100, Top 100 Businesses of the Muslim World), we only include domestic companies of the OIC (Organization of Islamic Conference) member countries.

For the global business community much can be learned from the challenges and opportunities covered here. For example, the Malaysian Islamic Finance industry, being the biggest of the $200 billion plus Islamic Finance market, has 80% of its clients from outside the Muslim world. In addition, many of the multi-nationals from outside the Muslim world are also entering this "ethnic market."

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