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- Ramadan apps, Islamic tech startups, Gulfood 2024, Peru's tall aim
Ramadan apps, Islamic tech startups, Gulfood 2024, Peru's tall aim
Salaam Gateway
March 15, 2024
Pulse of the Global Islamic Economy
5 Ramadan, 1445 AH
Assalamualaikum,
We wish you all a blessed Ramadan as we all keep Palestine and its people in our prayers.
This edition leads with Islamic technology startups story. They are poised for explosive growth, but continue to remain limited in number. Investors in this space are also hard to find. What are the key challenges that are restricting their upward trajectory?
Additionally, the broad range of halal food and beverage products showcased at this year’s Gulfood event reflects growing Muslim influence.
Finally, read how technology can help Muslims make the most of the holy month.
Big story this week:
Incubators and accelerators that promote Islamic tech startups exist, but the investor pool is rather modest
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Did you know?
 | Halal Food is represented by $1.4 trillion of spending by two billion Muslims and is expected to reach $1.89 trillion in 2027. Malaysia has the highest global Islamic economy index score in Islamic finance, halal food and media & recreation. |
Featured stories
The 29th edition held this year was the largest in the trade show’s history
Many Muslims around the world are turning to technology to help prepare for the blessed month
In other news
Bank Muamalat announced a multi-year collaboration to deliver personalised digital Islamic banking services
Qatar Investment Authority looks to launch the country’s first venture capital Fund of Funds
News wraps:
Halal industry wrap: Peru aims to become halal food exporter
Islamic finance wrap: CIMB Islamic, Petronas sign agreement for Islamic commodity derivatives
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