Halal Invest, a digital market platform, has won the maiden edition of the Nasrul-lahi-l Fatih Society (NASFAT) Business Incubation Launch pad (BUILD), carting away the $10,000 winner’s prize.
At the award presentation held in Lagos at the weekend, the President of NASFAT, Olaniyi Yusuf, said the initiative, which was launched in March, 2020, as part of NASFAT’s 25th anniversary celebration, was a competition aimed at providing funding, mentoring and market access opportunities for young entrepreneurs.
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Yusuf said, “The winning pitch was promised a $10,000 investment from NASFAT, as well as additional potential investments by other Muslim angel investors, mentorship from renowned entrepreneurs, industry linkages, and access to experts and support from the NASFAT secretariat for 12 months.”
Founder of Halal Invest, AbdulAzeez Oguntoyinbo, who acknowledged that the cash prize had already been paid to the company, said it would help in boosting its business.
He said, “Halal Invest is an idea borne out of the challenge we face in the Muslim world concerning accessing financial product that doesn’t negate our doctrine.”
