Islamic Finance in USA and Some Numbers on Muslims Living Here
There’s a very good reason why you can find a variety of Islamic finance in USA choices. The explanation is quite simple. The population of Muslims in the United States is on a steady increase. People who want to live by sharia compliant customs also appreciate what North America has to offer.
Here’s a brief rundown of the history of Arabs on this continent.
· Although it’s hard to pin down the exact numbers, Arabs started to come to the United States during the last part of the 1800s. The American Institute estimates there are close to 4 million Muslims living in the US right now. Although they tend to live in every state, their numbers are concentrated in Pennsylvania, New York, Michigan, Ohio and a few other states.
· A full 82% of the Arabs living in America were born there. Many Arab-Americans find themselves in the labor force and the vast majority of them (89%) have at least a high school education.
When you consider just a few of these statistics, it’s easy to see why people are interested in Islamic finance in USA options. They want to be able to take advantage of everything North America has to offer while at the same time taking out mortgage loans that are free from riba.
Here’s just a few more interesting statistics about this vibrant American culture:
· Arab-Americans are a growing population. The United States census department reports they grew more than 72% from the decade starting in 2000 and ending in 2010.
· The largest numbers of immigrants of Arab descent to come to America can trace their origins back to Somalia, Egypt, and Iraq.
Understanding the clients we serve is an important part of what we do. If you have any questions at all about Islamic finance in USA options, why not get in touch with us today