Halal Angels Network is among the first to penetrate the $5 trillion Halal consumer market has teamed up Halal Board India & Halal Laboratories for to evaluate projects for being Shari’ah compliant to tap the fast growing Halal consumer market estimated to valued at $ 5 trillion.
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.
Dr Tausif Malik, Founder of Halal Angels Network, said: “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 BoardIndia & Halal Laboratories was the right partner to evaluate projects for being Halal & Shari’ah compliant.”
He further added that “Dr. Nejam Rehan promoted Halal Board India & Halal Laboratories offers unique combination of Islamic, business & scientific experience & expertise to evaluate projects”.
Dr Najm Rehan said that “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”.
He further said that “ Our expertise and Halal Angels Network would help identifying right business opportunities and help them launch and expand.”
Halal Angels Network is now calling for angel investors countries to join them and discover over 1,000 investment opportunities within the flourishing market – from pharmaceuticals and modest fashion through to food and tourism. Recently Halal Angels Network had tied up 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.
Halal Angels Network also recently tied up with SSC Capital of Tanzania to tap the fast growing 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.
Dr Tausif Malik
M.Com, M.B.A & D.B.A Founder
Dr Najm Rehan
Founder Halal Board India &Halal Laboratories