VC firm Gobi bullish on Pakistan’s Muslim-friendly 'Taqwatech'
KUALA LUMPUR - Shariah-compliant investors should fix their sights on Pakistan’s technology industry or risk missing the boat amid rising valuations, according to Jamaludin Bujang, managing director of venture capital firm Gobi Partners in Malaysia.
The VC that coined the term Taqwatech for Islamic-friendly investment is fresh from furthering its investment in Pakistani financial services start-up TAG this week.
Right now, says Jamaludin, Pakistani start-ups are ripe for the picking, but soon the country will follow along the path of India and China, which are now established—and relatively expensive—destinations for investment.
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