The Halal ecosystem continues to expand as more players are welcomed into the Investment Account Platform (IAP).
Department of Trade and Industry Task Force Halal Industry Development Program Manager Aleem Guiapal met with IAP CEO and Co-founder Maharlika Kristal J. Alonto and Atty. Majid Marohombsar, also a Co-founder of the initiative.
The Investment Account Platform (IAP) serves as a key facilitator for channelling funds from investors to support viable ventures and projects. Designed to promote Halal-compliant financial practices, the platform is backed by Islamic banking institutions through the offering of Investment Accounts (IA) to investors.
Through the IAP, Islamic banking institutions play a critical role in matching investments with ventures and projects that require funding. These ventures, carefully identified to align with the Halal ecosystem, range from small businesses to large-scale initiatives that contribute to the growth of Halal industries in the Philippines.
The IAP initiative is expected to play a crucial role in building a Halal-friendly Philippines, offering investors a transparent and secure mechanism to finance Shariah-compliant projects across various industries.
