An American Muslim founds booming Halal food Business
January 25, 201820
After graduating from one of top business schools in the US, would you prefer to work for a Fortune 500 company or run a slaughterhouse? For Ahmed Irfan Khan the choice was very clear. After a brief stint at Bank of America, when the opportunity arose to purchase the only remaining USDA certified slaughterhouse in Chicago, Irfan was quick to take the plunge. Hence, in 2009 he became the Founder & CEO of Barkaat Foods.
The purchase of the slaughterhouse was born out of fulfilling a personal need. “My family and I were always looking for authentic hand-slaughtered Zabihah meat,” Khan said. Many times he, along with his family members would head off to a farm in Wisconsin, personally slaughter the meat themselves, and rent a truck to bring it back to Chicago.
He initially bought the slaughterhouse with funding from family and friends. Today, Barkaat Foods is a 40-person operation that supports Zabihah Halal slaughtering of 1,500 heads of lamb, goat, and veal daily. The facility is currently being expanded to include 500 heads of beef weekly as well.
When he needed 2 million dollars to expand, instead of borrowing money from the bank on interest, he worked with a boutique investment firm to structure a Sharia compliant financing deal. This transaction was recently covered on a USA Today article, “Sharia Financing Growing Popular in the West”.
According to Pew Research, with the US Muslim population projected to double in the next 20 years, Khan believes, “Halal is definitely here to stay. The younger generation, the upcoming western educated scholars are taking the conversation to another level.” The term Halal is moving beyond just food and is developing into principles that affect the daily lives of American Muslims.
Things Muslims Like: Halal Products, Halal Tourism Offers, News and Info from the Muslim World!
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