The Rise of Halal Tech: Sharia-Compliant Startups Attract Venture Capital

Venture capital is increasingly flowing into 'Halal Tech,' a booming sector of startups that offer Sharia-compliant services. These companies span various industries, from fintech and food delivery to travel and fashion. Investors are recognizing the immense potential of the global Muslim consumer market, which is young, digitally savvy, and values ethical products.

Startups like Wahed Invest, a halal investment platform, and LaunchGood, a crowdfunding site for the Muslim community, have successfully raised significant funding rounds. This trend highlights a growing ecosystem that supports innovation and entrepreneurship within the framework of Islamic principles.