Space For Rent
Sunday, April 10, 2016, Chaitra 27, 1422 BS, Rajab 2, 1437 Hijri

British brands eye growing Muslim consumer market
Published :Sunday, 10 April, 2016,  Time : 12:00 AM  View Count : 23

LONDON, April 9: From young start-ups to business giants, British entrepreneurs are eyeing a rapidly expanding global market for Muslim consumers with a range of brands from clothes to greetings cards to online gym courses.
In contrast to France, where there has been an angry debate about Muslim-specific consumer products, the approach in Britain seems more business-minded.
"Halal doesn't only apply to food but also to business ethics, dress etcetera," said Rauf Mirza, director of The Muslim Lifestyle Expo (MLE), which organises trade fairs on Muslim consumer trends.
The MLE this week organised a networking event bringing together 150 business leaders, experts and young entrepreneurs in central London to trade tips on the best way to profit from an expanding sector.
Famous names like the Marks & Spencer department store chain now offer Islamic fashion products -- in line with other world brands including Italian fashion house Dolce & Gabbana or Japan's Uniqlo.
In a debate about Dolce & Gabbana's business move, French women's rights minister Laurence Rossignol compared women who wear the Muslim headscarf to "negroes who supported slavery" sparking a furious row that has put her under pressure to resign.
"Crossing the Channel, there is more pragmatism on these issues, which are seen only through an economic prism. It's seen as a business opportunity," said French businessman Ali Djedid, whose company Zeynara is based in Paris.
"In France instead we immediately politicise the debate," said Djedid, a former financial analyst.
"There is no doubt that there is a market, that it is growing and that we also need to adapt to modern consumer trends," he said.
At the MLE event, Faaezah Qureshi from Yorkshire in northern England said she set up her Muslim greetings cards company Elaara after finding too many contained unsuitable images such as champagne glasses and churches.
Zahra Pedersen said she launched her online fitness course "The Healthy Hijab" for women who wear the veil and are embarrassed going to the gym with men.
She estimated Muslim consumer lifestyle spending at $2.6 trillion (2.3 trillion euros) a year and pointed to the potential in the youth market in particular, with official data showing 14 per cent of the world's population was Muslim and under 30 in 2010.
Janmohamed pointed to European countries with large Muslim minorities such as Russia (12 per cent), France (7.5 per cent), Netherlands (5.5 per cent), Britain (5.0 per cent) and Germany (5.0 per cent).
It is not just Muslim entrepeneurs who are being drawn to the business opportunities.
Canadian David Horne co-founded Alchemiya, a "Netflix for Muslims" with subscribers in 39 countries and offers programmes including documentaries on skateboarding in Kabul or Turkish muezzins.
Established names too are becoming more interested in marketing directly to Muslim consumers, including British supermarket chain Tesco which launched a Ramadan advertising campaign last year.    ?AFP

Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka. Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000. Phone :9586651-58. Fax: 9586659-60, Advertisemnet: 9513663, E-mail: [email protected], [email protected], [email protected]