Commercial Pragmatism

COMMERCIAL PRAGMATISM

How do mosques financially survive?

http://www.gulfbase.com/news/dubai-signs-mosque-development-deal-with-dpg/140777

Dubai Islamic Affairs and Charitable Activities Department (MoU) signed a contract with DPG (Dubai Properties Group) on all deals related with mosque development and maintenance. This is to support brotherhood as well as the Dubai communities.

http://answers.yahoo.com/question/index?qid=20120819000258AAZDGHi

Some mosques earn money through donations from the visitors, which is not mandatory. They believe that the people who believe in God should give donations willingly. However, in Saudi Arabia, the government subsidizes the mosques and does not take donations from the public.

Mosques are usually funded by the government, state or charitable organizations.

http://blogs.tribune.com.pk/story/5398/million-dollar-mosques-surrounded-by-hungry-muslims/

Every Muslims must give up 2.5% of their incomes or annual savings to charity every year (assuming that this percentage will not affect the giver financially.

Case Study: Deira City Center

Revenue and Income

Deira City Center is a shopping mall for all income groups like Iconic, the fashion brand part of Deira earns money from high status people; Carrefour earns money from all types of people; Magic Planet earns money from family and children. It has over 370 shops with numerous events and promotions for the people like having Candy Adventure Land event to thank children for bringing their smiles to their mall.

These are the shops in Deira City Center

http://www.zawya.com/story/Deira_City_Centre_awards_its_Top_Retailers_for_2011_at_this_years_AGM-ZAWYA20120331093809/

Deira City Center was awarded as a top retailer in the year 2011 based on sales and operational department from the People’s Choice Award.

Retailer of the Year 2011 Award Winners are (in no particular order):

• 2010 Best Anchor Store - Sharaf DG

• 2010 Best Flagship Store - The GAP

• 2010 Best Large Fashion Store - Bershka

• 2010 Best Small Fashion Store - Pierre Cardin Ladies

• 2010 Best Food & Beverage Outlet - Panda Chinese

• 2010 Best Electronics & Entertainment Store - Al Falak Electronics

• 2010 Homewares, Giftware & Leather Goods Store - Kipling

• 2010 Best Health, Well-being & Cosmetics Store - Paris Gallery

• 2010 Best Footwear & Sports Store - Vincci

• 2010 Best Jewellery & Watch Store - Omega Watches

• 2010 Best Optical, Accessories & Service Store - Sunglass Hut

• 2010 People's Choice Award - Carrefour

• 2010 Retailer of the Year - Sharaf DG