Source: Trade Arabia
The World’s First Halal Angels Network was launched to promote Innovation, entrepreneurship & startups to tap $5 trillion, as the Halal consumer market is on track to grow to $9.71 trillion by 2025.
It was launched during the Covid-19 pandemic to help investors, businesses, entrepreneurs & startups overcome these challenging times.It is founded by Indian American Dr Tausif Malik, who is a serial entrepreneur based out of Pune, India, and Chicago, USA. 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.
According to Dr Malik to it is an extension of his earlier initiative of All India Muslim Business Startup Network (AIMBSN), India's only (AIMBSN) is a very unique business ecosystem and the objective of the All India Muslim Business Startup Network (AIMBSN) is to create an entrepreneurial spirit and participation amongst the Indian Muslim community, so they can participate and contribute back to the economic activity of India.Halal Angels Network would be based on the traditional format of Angels Network where membership would be offered to Angel investors, Investment corporations, organizations, and, startup and they could network with each other for investments and business.
Halal Angels Network is also setting up offices in GCC, Europe, and South East Asia. Halal Angels Network would be hosting Halal Angels & Venture Capital Two Day Summit 2021, for Networking, Startup Showcase & Strategic Partnership.
“When discussed this idea with the investment and startup community; they all got excited about the Halal Angels Network platform and the consensus was this would be win-win situation for everyone to overcome the Covid-19 pandemic,” Dr Malik concluded.