Post Brexit UK can tap the $5 trillion global halal consumer market to become the global hub & gateway to Ethical & Shariah Finance: Indian American Dr. Tausif Malik

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Headline: Post Brexit UK can tap the $5 trillion global halal consumer market to become the global hub & gateway to Ethical & Shariah Finance: Indian American Dr. Tausif Malik

“Post-COVID -19, the startups can give a great fillip to the UK economy and UK can be hub for Islamic Fintech, Halal food manufacturing, Halal cosmetics, and, Modest fashion”

“Halal Angels Network has partnered with two UK organisations - Educational Partners- UK for training & Fintech major, Delio for backend compliance”

“Halal Angels Network to establish their headquarters to the United Kingdom, January 2021”

“Halal Angels Network launched 'The Khadija RA Initiative', the World's largest Cohort, Incubation & Acceleration program for 1001 Female Entrepreneurs”

December 2020

The World’s 1st Halal Angels Network to tap the 5 Trillion US Halal Consumer market was launched in the month of May 2020, during the COVID-19 pandemic, and now they are establishing their headquarters in the United Kingdom, January 2021.

According to Indian American Dr.Tausif Malik founder, Halal Angels Network “Based on our research for an ideal location to move our headquarters, we felt that London, UK would be the ideal location for our new headquarters, as it is home to the majority of investment firms, family office, Venture capital, PE Firms, and Angels network”.

Dr. Malik also said that based on the research post Brexit UK can reposition as the global hub & gateway to Ethical & Shariah Finance to the world.

Post-Brexit financial institutions are relocating to various cities across Europe such as Frankfurt, Dublin & Paris, according to Northwestern University Medill Report “London’s emergence as an economic powerhouse has profound implications for the country’s economy post-Brexit. Financial services accounted for 15% of London’s economic output in 2017 and 6.9% of the United Kingdom’s economic output in 2018, according to a 2019 report by the House of Commons Library”.

This would have overall implications on the economy, jobs, tax revenues, real estate and would have a domino effect. But sometimes challenges throw in new opportunities as, London, UK has been the financial capital of the world, and over the years it has developed an entire financial ecosystem to leverage and maintain its numero uno position.
Hence, post-Brexit UK can reposition itself as the global hub & gateway to Ethical & Shariah Finance to the world and leverage its ecosystem due to the following reasons:
Easy to set up business in the UK
Low cost of registration of business
British Common Business Law is used worldwide
English as the primary language
UK the financial hub and capital
Use this opportunity to counter the exodus of financial companies to different countries
UK home to highly qualified Muslim professionals in Finance, Law, Technology, Research, Academia, Entrepreneurs, and Investors, their network can be leveraged to promote Uk can be the global hub & gateway to Shariah Finance to the world.
UK long historical relationship with the Middle East & Muslim Countries.
Sovereign Funds of the Middle East & Muslim Countries can be encouraged to establish their offices.
The wealthy businessman, investors, and entrepreneurs have been investing in the UK in real estate, and businesses they can be leveraged to promote the UK can be the global hub & gateway to Shariah Finance to the world.
Halal is ethical and ethical finance is estimated to be 30 Billion USD

Based on research, Return on Investment on Shariah Finance have been higher, for example if the debt is negligible then returns are higher example Apple. As debt is based on interest and Shariah investments are based on equity sans interest.

Halal Angels Network has partnered with two UK organisations - Educational Partners- UK for training & Fintech major, Delio for backend compliance.

Post-COVID -19, the startups can give a great fillip to the UK economy and UK can be hub for Islamic Fintech, Halal food manufacturing, Halal cosmetics, and, Modest fashion.

According to Halal Angels Network research, the Ethical & Shariah Finance market there is tremendous potential as it has been never tapped or streamline. Post COVID-19 everyone needs to rethink strategy and tap new markets and this is an ideal time.

Halal Angels Network would keen and open to working with British policymakers, Universities, and organizations to leverage this market potential.

Halal Angels Network would be organizing the next year 2021, a series of Halal & Ethical Finance Summits in 6 Global locations (San Francisco, London, Astana, Dubai, Jakarta, Dhaka & Nigeria) it would be an invite-only event for private investors, VC’s, PE firms, Sovereign funds to promote the market potentials of Halal & Ethical Finance.

The identified sectors for investment are - Future technologies (Blockchain, Fintech AI, etc), Modest Fashion & Cosmetics, Retail, Pharmaceuticals, Food Cafe & Restaurants, Processed Food & Tourism investments. As shariah-compliant investments play an important hence Fintech & Blockchain would be the investment focus.

According to Reuters, the Halal consumer market is valued at $5 trillion and would grow to USD 9.71 trillion by 2025. The economic development of leading Islamic countries such as Indonesia, Malaysia, India, Pakistan, Nigeria, and Iran is expected to boost the global halal products market reach over the coming years (Reuters, 2019).

Comprising halal food, travel, cosmetics, modest fashion, and Islamic finance, demand for goods and services that align with Islamic principles is on the rise, but just $745 million in disclosed private equity investment was invested in the Islamic economy over three years, far less than the $595 billion in private equity and venture capital investments that occurred globally in 2017 according to the report published by Wamda.

Muslim communities are as technology savvy as any other, especially their younger members who form part of the global rise of ‘millennials’ and their forward-thinking, can-do mindset. With the breaking down of borders through digital platforms, it is easier than ever for Islamic centric entrepreneurs to access the global Muslim population of 1.7 billion people (Gulf Business).

Recently, Halal Angels Network launched 'The Khadija RA Initiative', the World's largest Cohort, Incubation & Acceleration program for 1001 Female Entrepreneurs.

For further details, please contact:

Dr Tausif Malik
M.Com, M.B.A & D.B.A
Founder
Email: tausif@halalangels.net
USA Cell: +1-773-831-8622
USA WhatsApp: +1-773-536-9786


www.facebook.com/DrTausifMalik
www.linkedin.com/in/tausifmalik/

Brahma Estate, B2/34, Kondhwa, Pune -411048 Maharashtra INDIA
Dr Tausif Malik
M.Com, M.B.A & D.B.A
Founder
Email: tausif@halalangels.net
USA Cell: +1-773-831-8622
USA WhatsApp: +1-773-536-9786
INDIA Cell/WhatsApp +917972802372

The World’s 1st Halal Angels Network to tap the 5 Trillion US Halal Consumer market was launched in the month of May 2020, during the COVID-19 pandemic, and establishing their headquarters in the United Kingdom, January 2021. Post Brexit UK can tap the $5 trillion global halal consumer market to become the global hub & gateway to Ethical & Shariah Finance.
Halal Angels Network proposed, devised IHSAN- Indonesian Halal Startup Angels in association with HPN, Indonesia Nahdlatul Ulama’s Business group. It was recently launched by HE Ma'ruf Amin, Vice President of Indonesia.
Halal Angels Network is an Angel Network platform which connects startups and investors.
Halal Angels Network is a brand owned by TMA Worldwide with registered business in UK & INDIA.

This release was published on openPR.