INTERVIEW-China-based VC going big on ‘Taqwatech’ using Malaysia as digital Islamic economy hub
Photo: Taraec Hussein, Gobi Partners vice-president, in an interview with Salaam Gateway in Kuala Lumpur, Malaysia.
KUALA LUMPUR - There are “easier things for start-ups to crack” than the digital Islamic market, which might be one of the reasons why entrepreneurs and companies have been sluggish in entering it, according to Taraec Hussein, a vice-president at Gobi Partners in Kuala Lumpur.
In his assessment of where the segment is moving, he acknowledges that the digital Islamic economy is starting from a low base. Though it holds huge potential, few start-ups have so far entered the market. He wants to turn this around, in Malaysia.
“Malaysia is a great hub for us,” Taraec told Salaam Gateway, referring to Gobi, a China-headquartered venture capital firm with offices in nine Asian locations. Of these the Malaysian capital is one, and it is spearheading Gobi’s foray into the digital Islamic market, or TaqwaTech, as Taraec calls it.
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