The learning from global recession of 2009 has made the world community to focus on Muslim Business and Economy. It has not just promoted the allied businesses but also witnessed them flourishing and saw experts discussing the practicability of Islamic Economic System. India has nicely sustained through this phase and has been able to manage wide support globally. The Indian businesses have now started to expand their portfolio by introducing the investment plans based on ethical concept of Halaal and Haraam.
At www.maeeshat.in we intend to introduce and promote the businesses in the Minorities especially Muslim world who distinguish themselves with respect to Halaal and Haraam. From its very beginning this journal/website has convinced Muslim industrialists and businessmen to strengthen the Indian economy and make their relationships more flourishing with other corporate.
We have an editorial team of distinguished market observers and economic analyst who keep an eye on the global financial markets. We at (Maeeshat & Bainulaqwaami Maeeshat, India’s first Magazine focusing Minorities Business and Economy) help people to add more value to their business with expert advice and consultation services on the subjects of finance, Islamic finance, banking, Islamic banking, halaal products and evolving shari’aa products.
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The Muslim community is one of the most backward communities of India. There is no doubt about it. According to the Sachar Committee Report, their economic, social and educational condition is even worse than the Dalits.
Economic backwardness of Muslims could be noticed on many parameters. Muslims are known for the low aggregate work participation ratios, which is essentially due to much lower participation in economic activities by women in the community. It has been noted that a significantly larger proportion of Muslim workers are engaged in small proprietary enterprises and their participation in formal sector employment is significantly less than the national average.Muslims have the lowest share of working people – about 33% among all religious communities in India. This is lower than the nationwide average work participation rate of 40%.
The traditional crafts and artisan fields where Muslims have excelled earlier do not find government support and hence dying. Muslims’ role in big industries is also very scanty.
The Mahmoodur Rahman Committee, which the Maharashtra Government had formulated some years ago, prepared a comprehensive report on the condition of education and economic position of the Muslims. According to the report, Muslims are lagging behind even in business. Most of them are confined to the small enterprises. The share of Muslims in business is very low.
Even those who can do well in business seem helpless as they are not equipped with the proper knowledge and training. They are not aware about ongoing trends and available opportunities which they can easily find around them.
The rampant and declining situation of Muslims calls for devising and executing some proper developmental strategies so that the community could be brought out from its present morass.
Keeping these facts in mind Danish Reyaz established a private limited company in name of Maeeshat Media to bring marginalised sections of Muslims in main stream. Maeeshat Media publishes a monthly business magazine in English and Urdu to highlights the issues and problems among Muslim Community and show them the right path so that they can successfully move ahead in business and avail the rampant opportunities.
Maeeshat Media Pvt. Ltd also runs a very successful news and current affairs website in multiple languages to reach the larger readers.
Maeeshat Media has organised various business summits in different cities of India in order to promote the interests of Muslim Businessmen in the country.
No doubt, there are many threats and weaknesses appertained to Muslim life in India but there are also many strengths and opportunities available for them for a better future. The foremost issue before Indian Muslims is to revive their lost confidence and then to systematically execute the needful strategies. Maeeshat Media is determined and dedicated to bring positive changes through its efforts.