Top 7 Halal Businesses Muslim Entrepreneurs Must Do

Islam is the second-largest religion in the world, with around 2 billion Muslims. Despite this significant population, nearly 85% of what we consume, including food, clothing, banking, medicine, and lifestyle products, comes from non-Muslim majority countries. This highlights a substantial consumption-production gap within the Muslim community. Muslim entrepreneurs must rise to the occasion and engage in economic activities that foster the production of goods and services needed by Muslims worldwide. But what are the essential businesses that Muslims should focus on, and why is it crucial for them to do so? In this article, we’ll explore the top halal business opportunities for Muslim entrepreneurs and the reasons behind their importance.

Top 7 Halal Businesses Muslim Entrepreneurs Must Do

The following is a list of the major sectors Muslim entrepreneurs have to enter if they want to get self-sufficiency in terms of food, clothing, medicine, banking, etc.  These are as follows.

1. Halal food
2. Modest fashion
3. Islamic finance
4. Halal tourism
5. Halal lifestyle
6. Cosmetics
7. Healthcare

Why did we decide to include these seven businesses and not others in our MUST-DO Halal Businesses list? Well, most of us spend much of our money on these sectors. These are identified as the leading sectors, apart from real estate, driving demand by Muslims globally.

We had previously discussed the top 10 Halal businesses Muslims can start doing without spending much money. The article became a hit on the Internet and we still get a lot of attention from our readers for this very blog post from all over the world.  People even talk about starting 75 Halal business ideas.

But, the 7 businesses we have listed above are certainly not free. They require varying levels of capital and expertise to start.  Many of them are not easy to start yet they are important for Muslims as Ummah and we need to enter them no matter what if we are serious about our survival in the long term.

Why These Seven Businesses Only?

The reason we decided to include these 7 businesses in today’s list is that these are the businesses that are in the highest demand by Muslim consumers all over the world. We, the Muslims spend trillions of dollars on these sectors. But, where does most of this money go to? Certainly, in the hands of companies like Nestle which control most of the above-mentioned sectors. Major manufacturers in all these sectors are non-Muslims and they live in non-Muslim countries.

Have you ever noticed that Nestle the world’s largest Halal manufacturer is headquartered in Switzerland?  Surprisingly, many of the other top Halal food manufacturers are companies also owned by non-Muslims.

You, as an entrepreneur, have to shake up these industries by challenging traditional ways of thinking. You have to start your businesses to solve social and economic problems Muslims have been facing for such a long period but seem to have no solutions.

Now, we are increasingly seeing a large number of Muslim entrepreneurs who can act as role models and leaders in their niches. The Halal Times editors and staff writers, sometimes, show important, observable examples of what Muslim entrepreneurs could accomplish if they get the chance to do so.

Are we going to see any positive changes in the coming years?  Muslim entrepreneurs have to understand the realities of today and make bold decisions to start their business initiatives in the industries and their subsectors as mentioned above. Only then, we, as the second largest religion in the world will be able to progress as communities and as individuals.