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The Bottom Line

The Muslim Pound

The Bottom Line

BBC

Society & Culture, Personal Journals, Business

4.6606 Ratings

🗓️ 19 June 2014

⏱️ 28 minutes

🧾️ Download transcript

Summary

How big is the market for halal - not just food, but holidays, fashion and music too? Muslim consumers - and how best to serve them - are the topics this week. Evan Davis talks to entrepreneurs who think they know the answer and asks how much can established companies learn from them.

Guests :

Shelina Janmohamed, Ogilvy Noor Elnur Seyidli, HalalBooking.com Shazia Saleem, ieat foods

Producer : Rosamund Jones.

Transcript

Click on a timestamp to play from that location

0:00.0

Thank you for downloading this programme.

0:02.4

In this edition of the bottom line, Evan Davis and guests discuss the growing buying power of Muslim consumers.

0:09.4

Hello and welcome to the programme.

0:11.3

What is the difference between your average British shopper and a Muslim consumer?

0:16.5

I don't have a punchline to that, nor indeed even an answer.

0:19.7

But the question is one I'm putting to my three guests,

0:23.5

who each run businesses that specialize in serving what we might call the Islamic economy,

0:29.1

halal food, halal holidays, and marketing to that segment of the population.

0:34.3

Let's hear about them and their businesses.

0:36.9

And first of all, Shalina Jan Mohammed, who is vice president of Ogilvy Nour,

0:42.3

it's an Islamic branding consultancy.

0:45.0

Tell us a little about the company, Shalina.

0:46.7

We were set up about three years ago in recognition of the fact that there is something called a Muslim consumer.

0:52.1

We studied Muslims around the world and over 90% of them told

0:55.8

us that their faith affects their consumption. And that's really what we're offering to brands

1:00.1

and businesses around the world. An understanding of who this increasing segment is, 1.8 billion

1:05.2

Muslims around the world spending $2.3 trillion and how they can reach out to them as part of

1:10.3

their growth strategies.

1:11.7

And you're part of the much bigger empire of Ogilvy and Mayther?

1:15.0

That's right.

1:15.8

Before we go further, Shalina, it will be very useful if we can just define terms here

1:21.6

because the term we will be using a lot, I am sure, is halal.

...

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