With a 1.65 billion population, Muslim businesses are flourishing at a rapid pace and making a huge contribution to the global economy. Every entrepreneur strives to take their business to heights; Muslim entrepreneur does the same but their first consideration is the consent of Allah.
Any business that is not allowed in the doctrine of Islam doesn’t attract a Muslim, no matter how much profit potential it holds. So a Muslim entrepreneur needs to know the business guidelines set by Islam.
Technology has become an integral part of today’s world. No one can jump into this competitive world without having the support of technology.
Technology is a double-edged sword. So it must be used carefully in tech-related business or for marketing purposes. Brand owners can better connect with their clients, spread awareness, and can update their processes with the help of tech solutions.
Here we will take you through the best technologies that a Muslim entrepreneur can use to start a new business or scale an already one;
1. Islamic App Development:
Muslims in the non-Muslim world have a few options to access accurate information related to their religion. If you have knowledge and experience in app development, this one is an emerging technology to start a business.
For instance, Islamic Finder is leading the Muslim community to a righteous path with an all-inclusive app. It makes everyday religious rituals easy by providing guidance and assistance to Muslims.
This app contains accurate information on prayer timings, qibla directions, audio Quran recitation, and it also locates halal restaurants and mosques in your area.
2. Halal Blockchain Technology:
The halal food industry has a worth of US $ 1,978 billion with a CAGR from 2022 to 2027 of 12.24%. Blockchain technology is a decentralized network and database technology.
Muslims can use this technology in the halal food industry to maximize their profit without violating their religious guidelines. It is a tech asset that can help Muslims attain the goal of fairness in the supply chain, providing use according to the rules.
3. Muslim Fashion AI:
The Muslim fashion market is predicted to touch the US $88.35 in 2025. This far-reaching industry cannot be overlooked, of course. The use of tech in the fashion industry is getting hype for a decade.
Artificial intelligence is getting immense attention in the Muslim fashion industry. From predicting fashion trends to comprehending purchasing patterns, AI is making wonders in the fashion industry.
One example of AI in the fashion industry is touchscreens which offer customized product suggestions to customers in retail stores.
4. Global Positioning System:
For the Muslims in the European world, locating mosques, halal restaurants, and Halal clothing brands were challenging tasks. But by using the Global Positioning System, commonly known as GPS, these essential places are just a click away.
For instance, Islamic GPS is an application that can locate apps but it is preeminent among other such apps as it uses augmented reality. It tells information about the location as well as directions to the nearest mosque.
5. Mobile Commerce:
When you hop on the e-commerce train, you will surely encounter mobile commerce or e-commerce. It is a popular type of e-commerce for mobile banking, shopping, and payment.
Mobile phones are the best tool for business marketing and sales. So a mobile commerce app that ensures a halal transaction is another worth considering option for you.
6. Halal Learning Tools:
Muslim entrepreneurs often face difficulties in managing their business due to a lack of training and understanding. So they can join an online learning platform and get halal training for the industry.
For instance, Halal Academy in Malaysia is one government initiative to provide halal education through technology tools.
7. Basic Automation:
Muslim entrepreneurs have to make a balance between their business and religion. While fulfilling their religious duties, they run short of time to complete the entire task.
Some tasks are essential while others are mundane. So here comes an automation tool to get all the mundane tasks done by virtual assistance.
Works Market reported in 2020 that entrepreneurs can save 3 hours a day using such automation tools.
8. Halal Marketing Tools:
Hiring an advertising company is an expensive option for small Muslim entrepreneurs. Marketing tools are there to provide easy and affordable marketing services.
Social media, PPC, SEO, and email campaigns can allure many customers to your brand increasing your brand’s visibility and productivity.
A marketing start-up is a profitable business but you must confirm that the brand of your customers is not haram in the doctrine of Islam.
9. Halal Virtual Assistance:
Entrepreneurs can use virtual assistance services to pay bills, manage appointments, book trips, and attend phone calls. You can get rid of your headache by passing on all your unnecessary tasks to a virtual assistant.
Anyone who has Wi-Fi access and necessary skill can provide their duties as an online assistant.
10. VR & IR:
Virtual and augmented reality is moving away from entertainment and anchoring its roots in the global economy. Education, healthcare, automotive, marketing, and many other industries that serve as a backbone for the world market are using AR/VR.
Whether it is the halal food industry, modest fashion industry, online shopping, or any other Halal business, Muslims should use these advanced technologies to thrive in this competitive world.
The Muslim population is thriving throughout the world with the expectation of reaching 30% by 2050. It reflects an expansion of the Muslim industry as well.
With technological innovations, Muslim entrepreneur can enhance their visibility in global markets. Using technology tools to attract traffic and customers is a most practiced approach in today’s world.
Halal e-commerce, augmented reality in the halal industry, and Artificial intelligence in the Muslim fashion industry are some of the effective ways for Muslim entrepreneurs to make the most out of technology.