Top 100 Companies of the Muslim World: 2010 DS100 Ranking

Comments (19)

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1. Abdul Awal says:

   January 28, 2011 at 8:31 pm

   Assalam Alaykum
   Your list is missing some Muslim banks and companies from Iran & Indonesia.
   -Parsian Bank
   -Bank Saderat
   -Bank Mellat
   -Mobarakeh Steel
   -Bank Tejarat
   from Islamic Republic of Iran and

   -Salim Group (Indofood is included)
   -Sinar Mas Group
   -Djarum Group
   -Bakrie Group
   -Lippo Group
   -Triputra Group
   from Indonesia.

   Also from Africa, you are missing
   -OCP (Morocco)
   -Al Ezz Steel Rebars (Egypt)
   -Maroc Telecom (Morocco)
   -SIR (Côte d’Ivoire)

   Many firms from Kazakhstan other Muslim countries is also missing in your compilations. You can see many top 100 companies list at the following English language source: http://tawhid1982.wordpress.com/category/economy-business-and-industry/

   Reply
   • Research Team says:

     January 29, 2011 at 1:54 am

     Dear Mr. Awal; waalikum assalam wrwb.

     Thank you for your comments. Below are some of the reason’s Companies you mentioned did not make the DS100. Please see our Criteria section (the Companies should be domestically majority owned, not part of a Holding Company already listed, and other criteria.http://dinarstandard.com/ds100-criteria/) There are many Private companies as we have noted in the criteria (from the GCC, Pakistan, Central Asia, Indonesia and elsewhere) that would have made it but are indeed not on the list due to non-verifiable financial.

     For others you mentioned, some reasons are as below:

     Mobarakeh Steel (Subsidiary of IMIDRO already on the list)
     Ezz Steel (2009 Official Annual Report figure $2.16 bill did not make the list minimum this year)
     Salim Group (Has major holding of Indofood (a Listed Company) which made it on the list. Salim Group as whole a private firm whose financial figures not verified. Similar with Vestel (Turkey) part of Zorlu Group.
     Maroc Telecom (Majority owned by French group Vivendi. Has to be majority domestically owned per criteria)
     Sinar Mas Group – private and we were not able to obtain verifiable financials.

     Parsian Bank indeed would have made it. We had verified this past our deadline and will add this to our corrections section.

     Regards,

     DS100 Research Team

     Reply
2. sipa says:

   February 7, 2011 at 8:55 pm

   I wish you would exclude state owned corporations. That would give a better view of how private companies and capital are transforming Muslim countries.

   Reply
3. Zaki says:

   February 8, 2011 at 3:49 am

   I think it missed the big names of Muslim owned companies from Non OIC member countries. List could be more comprehensive with the inclusion of these companies like wipro from India.

   Reply
   • Research Team says:

     August 8, 2011 at 12:25 pm

     Dear Mr. Zaki; Thank you for the valuable suggestion. Currently we are limiting the scope to cover OIC based companies only. Non-OIC country based successful Muslim business profiles are covered as individual stories across DinarStandard.com. Thank you for the suggestion of WIPRO. We hope to do a story soon on Mr. Azim Premji.

     Reply
4. Ahmad Faizal Abd Kadir says:

   February 8, 2011 at 10:57 pm

   There are a few companies that should not make it into the list due to the fact that they are not dominantly owned by muslims, such as YTL Corporation and The Lion Group and also because of their main activities, such as Genting Berhad who are well known in Malaysia for their involvement in Hotel and Casino.

   Reply
   • Research Team says:

     February 9, 2011 at 1:15 am

     The DS100 criteria includes all OIC (Organization of Islamic Conference) member country domiciled companies ranked by revenue. There is no sharia compliance screen applied to this list to benchmark and give a broad picture of business activity that is based in OIC countries.

     @Zaki – This list is limited to OIC domiciled companies. We are indeed keen to cover businesses from India and have done separate features (eg. Indian Muslim Inc. feature)

     @sipa – We are working on a Publicly listed DS100 list. However, per our objective to present a broad overview of key economic players we had included state owned corporations.

     Reply
5. Sayed says:

   March 8, 2011 at 5:34 am

   Hi

   How can I purchase a detailed data on financials and contact info? How much is its price?

   Please advise.

   Regards

   S

   Reply
6. Timur Long says:

   March 17, 2011 at 8:28 pm

   You forgot Qazaqh Temir-Zholy, ENRC and Samruk-Kazyna from Kazakhstan, it would be great if you covered them by suitably altering your list and criteria. Qtel is missing plz look at African top 500 companies list for accurate revenue figures.

   Timur Long

   Reply
7. Haji Mazlan Muslim says:

   April 28, 2011 at 2:10 am

   Assalaamu ‘alaikum wbt., I think your initiative to come with the above list is very much appreciated. However, to make it more realistic perhaps you can include some other successful companies worldwide from non-Muslim countries as a comparison in order to avoid us being complacent & think that we had achieved the pinnacle in our endeavours. Jazakallahu khairan. Thanks. Best regards.

   Reply
   • Research Team says:

     April 28, 2011 at 8:27 am

     waalikum assalam wrwb. Thank you for your words of encouragement. We appreciate your recommendation and will look to include an analysis of benchmark with global companies on our next ranking analysis. Above ranking Analysis did include comparison with Global 100 companies although just in aggregate http://bit.ly/iX5LzT. Regards, DS100 Research Team

     Reply
8. ibrahim says:

   May 14, 2011 at 2:11 pm

   is their any large company owned by a muslim in india??

   Reply
9. AliAkilu Ibrahim says:

   May 21, 2011 at 2:26 pm

   i am really happy when i came across this data, more of it,more of it pls.

   Reply
10. A Awal says:

    July 6, 2011 at 12:44 am

    Assalamu Alaikum,
    You can check out the national top 100, top 200 or similar rankings for various OIC member states to gather your required information. It is desirable that you employ members from OIC states who are adept at the local/national languages of the concerned states.

    Another point to note is that you may have missed GPCA (UAE) in your 2009 list. Hopefully, your 2010 list will be more comprehensive and cover all OIC member states. You may also want to publish a separate list for OIC observer states and for Muslim-majority areas/regions/provinces under nonmuslim occupation/control (such as Palestine, Chechnya, Dagestan, Tatarstan, Bashkortostan, Mindanao, and others).

    Assalamu Alaykum.

    Reply
    • Research Team says:

      August 8, 2011 at 12:21 pm

      Waalikum Assalam; We do leverage OIC member based researchers. However, as is acknowledged in any developing market, the government owned and private owned company data is hard to verify. We try our best with limited resources and certainly acknowledge and review companies identified by readers such as yourself.

      In regards to suggestions of lists with other criteria, we will consider. These are good suggestions, but again, we are limited by our resources so we cannot promise. Regards.

      Reply
11. A Awal says:

    August 1, 2011 at 8:24 am

    Assalamu Alaikum,
    You may check the following financial statements/annual reports:

    1. IPIC (UAE): http://www.ipic.ae/En/pdf/IPIC%202009%20FS.pdf
    9b USD+ Revenues

    2. Borealis (majority owned by UAE): http://www.borealisgroup.com/about/about-borealis/key-figures-and-market-position/
    4.714 b EUR Revenues (5b+ USD Revenues)

    3. Majid Al Futtaim Group (UAE): http://www.majidalfuttaim.com/FinancialHighlights2009.pdf
    15.972 b AED Revenues (4b USD+ Revenues)

    4. Sinar Mas Group (Indonesia): Revenues of 6b+ USD

    Assalamu Alaykum.

    Reply
    • Research Team says:

      August 8, 2011 at 12:12 pm

      Waalikum Assalam; Thank you for the suggestions. We will evaluate these for next years ranking. Regards.

      Reply
12. iffu says:

    August 20, 2011 at 3:02 pm

    where is kingdom holding company of alwaleed bin talal

    Reply
    • Research Team says:

      August 20, 2011 at 6:28 pm

      Annual Revenue per its Annual Report for the reporting year covered by this ranking, KHC would not make the list.

      Reply