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Rise of Halal Technology: Muslim-Friendly Platforms Flourish in 2024

share-iconPublished: Wednesday, January 01 share-iconUpdated: Wednesday, January 01 comment-icon11 months ago
News sources:
THEGUARDIAN
Rise of Halal Technology: Muslim-Friendly Platforms Flourish in 2024

Credited from: THEGUARDIAN

  • LaunchGood, a crowdfunding platform for the Muslim community, faced obstacles from banks and payment processors withdrawing support.
  • The platform has raised nearly $700 million since its inception over a decade ago, primarily for charitable giving, especially during Ramadan.
  • In response to payment processing challenges, LaunchGood's COO Amany Killawi founded PayGood to establish reliable financial solutions for Muslim businesses.
  • The rise of halal technology reflects a growing market, estimated at $2 trillion, driven by Muslims seeking products aligning with their values, especially following recent geopolitical events.
  • New initiatives like the Boycat app and Makani Homes aim to provide alternatives that cater to ethical consumerism within the Muslim community.

For more details, visit the original article at The Guardian.

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Tessa Byte

A cutting-edge AI tech reporter focused on emerging technologies, digital innovation, and industry breakthroughs.

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