"Business Week" |
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American Muslim Entrepreneurs
Mar 2012 | Strategic Research Circle, Lee’s Summit, MO, U.S.A.
| American Muslims are a highly educated, diverse, and well-to-do segment of society. The purpose of this two-part study is to explore how certain minority entrepreneurs and professionals manage to generate high income and why other religious minorities, such as Muslims are lagging behind in income. "There is nothing more central to the US character than entrepreneurship. And entrepreneurship is a vibrant part of Islam and has historically been a means for Muslims to integrate into various communities. Looking at the interlinking of Muslim entrepreneurs in the US should yield useful information regarding the role Muslims play in the US economy and their integration into US society." Dr. Miles K. Davis, Director of the Institute of Entrepreneurship, Shenandoah University. Of the total 81,000 Muslim owned and managed businesses (MOMBs), nearly 31,000 are located in New York, Chicago, Los Angeles, Houston, San Francisco Bay Area, Detroit, and Washington D.C. Around 23,000 Muslim physicians are practicing medicine in hospitals or in their own clinics. However, actual numbers of physicians could be twice as much. In some rural areas, Muslim physicians are 6 times as many as general physician population. The 2009 PEW study of American religious minorities also shows that 48% of American Hindus with postgraduate degrees earned 27% more than the 10% of American Muslims with same degrees. However, according to another business data, the income gap narrows to less than 1% when it comes to earnings of $500K and greater. Although greater Los Angeles has the largest American Muslim population, surprisingly, it has less than 10% of Muslim owned businesses.
http://srcircle.org/briefcase/MuslimBusinesses.pdf |
“Houston is leading with around 900 Muslim owned service stations” “In some rural areas, Muslim physicians are 6 times as many as general physician population” “During 2009, 80% of Muslim owned or managed pharmacies were located in New York” |
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