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Halal Industrial Park “Baltach” (HIP “Baltach”) was officially launched in Tatarstan on November 19. Halal Industrial Park “Baltach” is the first project for representatives of small and medium businesses, which involve in the halal industrial industry or intend to set up halal business. The main goal of the project is advanced processing of agricultural products, grown by backyards, farm enterprises, as well as arrangement of conditions for representatives of small and medium businesses for production of agricultural products.

Halal Industrial Park "Baltach” (HIP "Baltach”) was officially launched in Tatarstan on November 19. Halal Industrial Park "Baltach” is the first project for representatives of small and medium businesses, which involve in the halal industrial industry or intend to set up halal business. The main goal of the project is advanced processing of agricultural products, grown by backyards, farm enterprises, as well as arrangement of conditions for representatives of small and medium businesses for production of agricultural products.

The main advantage of Halal Industrial Park "Baltach” consists in cost optimization for representatives of small and medium businesses. In order to let producers – residents concentrate on development of their own business. HIP "Baltach” will provide its residents with outsourcing services: realization of finished products, consulting, administrative support, security service, engineering, logistic, transport, accounting and legal services. Consequently due to economy of scale entrepreneurs have a real opportunity to minimize costs and obtain high labour capacity and quality of products.

All the goods, turned out in Halal Industrial Park will be realized through Kazan Hahal Hub, that provide Shariat-compliant movement of the goods from producer to consumer.

Initiator of the project – Islamic Business and Finance Development Foundation. IFC "Linova” with the assistance of foreign and Russian business structures act as an implementator and investor of the project. Amanah Raya Berhad operates as main investor of this project. According to expert estimates total investment volume for HIP "Baltach” will compose about 150 million rubles, payback period will be 10 – 15 years. Financing of project will be oriented to construction of industrial and office premises, and premises for purchase of equipment. Economic model of HIP will guarantee benefit for residents and investors who will receive acceptable returns on investment.

Management company NHIDC is created To control assets and activity of HIP "Baltach”. The activity of NHIDC will be based on Islamic principles (Murabaha, Ijara, Musharaka, Mudaraba, Istisna), attracting investments for its activity will be also based on Islamic principles (Mudaraba, Wakala).