Malaysia plans $500m global halal fund
Malaysia-based specialist private equity firm Azka Capital will manage a MYR1.55 billion ($503 million) fund focused on global opportunities in the halal industry. It is expected to acquire companies in the food and agri-business sector and reorient them so they are halal-compliant.
The fund was announced by Abdullah Ahmad Badawi, former prime minister of Malaysia, during a keynote address at the World Halal Week conference in Kuala Lumpur. Malaysia, where 60% of the population is...
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