ⓘ Featured image: A file-photo of Dr. Nejam Rehan
▸ The partnership will enable Halal Angels Network to evaluate projects for being Halal & Shari’ah compliant
▸ Dr. Nejam Rehan promoted Halal Board India & Halal Laboratories offers unique combination of Islamic, business & scientific experience & expertise to evaluate project
Halal Angels Network is among the first ones to penetrate the $5 trillion Halal consumer market, and has teamed up with Halal Board India & Halal Laboratories to evaluate projects for being Shari’ah-compliant and to tap the fast-growing Halal consumer market.
Halal Angels Network was launched to promote innovation, entrepreneurship and start-ups, and inspire investors across the world to tap into a sector that will be worth $9.71 trillion by 2025 (Reuters, 2019).
The angel network is adopting new, innovative technology to digitise the way they present, distribute and manage Halal-based deals. In doing so, angel investors will benefit from greater access to deal flow which can be profiled based on their interests, risk appetite and current portfolio.
Sharing the core-cognition behind the partnership, Dr Tausif Malik, Founder of Halal Angels Network, quoted,
“With over 1.5 billion Muslims in the world, the Halal industry offers tremendous opportunities. Based on our experience in past working with Dr. Nejam Rehan, we felt that Halal Board India & Halal Laboratories was the right partner to evaluate projects for being Halal & Shari’ah compliant.”
“Dr. Nejam Rehan promoted Halal Board India & Halal Laboratories offers unique combination of Islamic, business & scientific experience & expertise to evaluate projects.” – Tauseef further added
Sharing his view, Dr Najm Rehan said,
“The Halal consumer market is growing at rapid pace, due to strategic location India can be the hub to manufacture Halal consumer export to Middle East, South East Asian and Central Asia. I see a great synergy with Halal Angels Network’s vision and objectives, and I have known and worked with Dr. Tausif Malik for long time.”
“Our expertise and Halal Angels Network would help identifying right business opportunities and help them launch and expand.” – Rehan added
Halal Angels Network is now calling for angel investors across countries to join them and discover over 1,000 investment opportunities within the flourishing market – from pharmaceuticals and modest fashion to food and tourism. Recently, Halal Angels Network had tied up with UK’s Fintech major Delio to use their digital platform showcase Halal-based deals to a much more international audience, connecting angel investors across the world not just with deals, but also with each other.
Earlier this month, Halal Angels Network also announced a partnership with SSC Capital of Tanzania to tap the African market. According to Brookings Institute “More than 80 percent of Africa’s population growth over the next few decades will occur in cities, making it the fastest-urbanizing region in the world“. In total, we expect annual spending by African consumers and businesses to reach $6.66 trillion by 2030, up from $4 trillion in 2015.