Sign up | Log in



Home  >>   Daily News  >>   Malaysia News  >> Investment  >>   WORLD HALAL FORUM REVEALS PLANS

NEWS UPDATES Asean Affairs   3 April 2013  



KUALA LUMPUR, 3 APRIL – The World Halal Forum revealed plans for a USD500 million private equity fund focused on global opportunities in the halal industry. The fund is expected to be raised in stages. The announcement was made by former Malaysian Prime Minister Tun Abdullah Badawi at the launch of Azka Capital at the eighth World Halal Forum.

“There have been global developments in halal awareness, standard and certification, manufacturing and trade in the last decade. It is now time to create strong investments and opportunities to enable more participation in this important halal sector,” said Abdullah.
Global halal sales, including food, pharmaceuticals and cosmetics, total USD2.1 trillion annually.

Capital is a private equity advisory firm focused on halal industry initiatives and Tun Abdullah is Chairman of its Advisory Board. Azka Capital is the latest initiative jointly developed by the World Halal Forum, globally known for its game-changing halal input and efforts in bridging the gap between the halal industry and Islamic finance sectors. In 2011 the World Halal Forum developed the SAMI Halal Food Index with Ideal Ratings and Thomson Reuters.

“The highly fragmented nature of the industry leaves it ripe for a roll-up strategy while Azka’s proprietary access to deal flow makes it uniquely positioned to capitalize upon the opportunity,” said Rushdi Siddiqui, Co-Founder and Managing Director of Azka Capital.

Mr Siddiqui added that food security has become an integral part of national security policy in part because Muslim countries are net importers of food and generally do not control the supply chains and, hence, the integrity of their food.

“The recent scandals including horsemeat in Europe and, more alarmingly, the evidence of pork DNA in halal certified beef by the very multinational companies responsible for halal integrity should be unacceptable to affected constituencies. Paying lip service to food security is no longer adequate. The Halal Opportunities Fund is the first opportunity for investors and policymakers to take concrete steps toward securing the integrity of their food supply,” he said.

Rushdi added the first-of-its-kind initiative will be supported by satellite activities for deal flow including compliant B2B2C exchange, trade finance funds, PE tranche for HNWs and advisory for restructuring halal food company balance sheets.

"Ethical, Shariah compliant investors have typically relied on various 'filters' to weed out non-compliant publicly available investment opportunities. But these filters are not always reliable and cannot keep up with new opportunities and are typically limited to developed markets. There is a better way – direct equity investing in vetted industries and activities on an international basis. That is what is being offered to investors through the Halal Opportunities Fund. This is major innovation in the ethical investment space”, said Dr Nasser Saidi, Member of Azka Advsiory Board, Founder and President of Nasser Saidi & Associates, and former Chief Economist of Dubai International Financial Center (DIFC).

Azka Capital will be advised by world-class practitioners form the halal food sector, and Shariah advisory services from Amanie Advisors and Dubai-based Dar Al Shariah.

Currently OIC nation food imports exceed USD40bn annually, an overwhelming majority of their consumption. The global Muslim population is expected to increase from 1.6 billion at present to 2.2 billion by 2030.

AZKA CAPITAL SDN BHD (957594-D) M-2-20 Plaza Damas, 60 Jalan Sri Hartamas 1, Sri Hartamas, 50480 Kuala
Lumpur, Malaysia.

t + 603 6203 1025 f + 603 6203 4072 e

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories    3 April 2013  Subsribe Now !
• Yunnan Province to Further Enhance Cooperation with ASEAN Subcribe: Asean Affairs Global Magazine
• Thai bourse lists ERWPF property fund on April 4 Asean Affairs Premium
• Phuket becomes gateway to India
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• ASEAN Youth Meet Japan Prime Minister
• U.S. Business Groups Welcome Singapore’s Prime Minister Lee to Washington
• National Library Board and Singapore Exchange team up to promote financial literacy to library users
Asean Analysis             25 March 2013   Advertise Your Brand
• Asean Analysis- March 25, 2013  
• Asean Weekly- March  22, 2013 Sponsor Our Events
Asean Stock Watch      3 April 2013  
• Asean Stock Watch- April 3, 2013  
• Asean Stock Watch- March31, 2013 

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand