Muslims concluded the celebration of Eid Al Fitr this week, marking the end of Ramadan in lockdown. Governments in the GCC region urged people to give presents instead of the traditional Eidiyah (cash) to children in a bid to prevent the spread of Covid-19, further prompting online purchases and money transfers. Tausif Malik, an American-Indian social entrepreneur launched the world’s first halal angel investors network in May this year with the aim to promote innovation and halal entrepreneurship. The network is looking to invest in startups of all sizes in the core sectors of the Islamic economy such as pharmaceuticals, food and beverages and fashion. In addition, the network is also taking an interest in startups operating in future technologies - including blockchain, cryptocurrency and financial technology. The biggest markets for the Islamic economy are the UAE, Saudi Arabia, Malaysia and Indonesia and the Halal Angel Network plans to set up offices in the Middle East and North Africa.
The world’s First Halal Angels Network was launched to help investors, businesses, entrepreneurs and startups during the COVID-19 pandemic. The Network would provide huge market opportunities to tap the $5 trillion worth Halal consumer global market. It is founded by Indian American Dr. Tausif Malik, who is a serial entrepreneur based out of Pune, India, and Chicago, USA. He said India is the biggest manufacturer of Halal consumer goods and has huge market opportunities in the Middle East, North Africa, and Southeast Asia. Halal Angels Network would be the 1st Angels Network backed by Blockchain technology. The areas of interest for investments would be future technologies (Blockchain, Fintech AI, etc), Modest Fashion & Cosmetics, Retail, Pharmaceuticals, Food Cafe & Restaurants, Processed Food & Tourism.
The World’s First Halal Angels Network was launched to promote Innovation, Entrepreneurship & Startups to tap the $5 trillion Halal consumer market. It was launched during the COVID-19 pandemic to help investors, businesses, entrepreneurs & startups overcome these challenging times. The network is founded by Indian American Dr. Tausif Malik and is the first Angels Network backed by Blockchain technology. The areas of interest for investments would be future technologies (Blockchain, Fintech AI, etc), Modest Fashion & Cosmetics, Retail, Pharmaceuticals, Food Cafe & Restaurants, Processed Food & Tourism. Halal Angels Network is setting up offices in GCC, Europe, and South East Asia and is planning to host Halal Angels & Venture Capital Two Day Summit 2021, for Networking, Startup Showcase & Strategic Partnership.