RM1.6bil private equity fund for halal industry


KUALA LUMPUR: A US$500mil (RM1.55bil) private equity fund to focus on global opportunities in the halal industry would be raised over the next three years.

Former Prime Minister Tun Abdullah Ahmad Badawi, who revealed the plans for the fund, said it would be raised in stages by Azka Capital, a private equity advisory firm that focuses on halal industry initiatives.

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