Author Archive: hamid

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Islamic finance and food sector need convergence

| 27/10/2013 | Reply
Islamic finance and food sector need convergence

Islamic finance has excess liquidity and limited Sharia-compliant investment opportunities; the expanding Halal food sector is under-supplied and in need of capital. So what is stopping these two from working together for their mutual benefit?

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Consuming Islam – the Rise of the Halal Economy

| 23/10/2013 | Reply
Consuming Islam – the Rise of the Halal Economy

Those who live by Islam also demand Islamic goods; not just Halal food and headscarves, but Islamic housing, haute couture, banking, education, entertainment, media, consumer goods, and even vacations.

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Opinion: Confusion between Means and Ends can Lead to Betrayal

| 18/10/2013 | Reply
Opinion: Confusion between Means and Ends can Lead to Betrayal

Over the time of the Eid al Ahda sacrifice, Dr Tariq Ramadan reflects on how blind adherence to the form can lead us to betray the substance of the Prophetic teaching.

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Under-defined, Under-regulated, Under-served…but not Understood

| 11/10/2013 | Reply
Under-defined, Under-regulated, Under-served…but not Understood

The concept of the Islamic Economy is only now starting to take shape. It is full of big numbers, big opportunities, and big gaps in general perception. Dubai is hoping to change all that.

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Canadian company opens Halal pharma plant in Brunei

| 11/10/2013 | 4 Replies
Canadian company opens Halal pharma plant in Brunei

A joint investment between Canadian firm Viva Pharmaceutical Inc, private equity fund Aureos (Brunei) Capital Sdn Bhd and a group of local investors, the $26 million manufacturing facility Simpor Pharma was established to produce syariah-compliant pharmaceutical products for export to Muslim markets in Asia.

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Global Islamic Economy Video

| 10/10/2013 | Reply
Global Islamic Economy Video

Check out this cool Global Islamic Economy Video, it has some great stats, such as ’60 million new jobs will be needed in the Arab world by 2020′. Food, finance, travel, lifestyle, SME’s and more…Click back and enjoy it.

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Halal Travel Market growth – the numbers don’t lie

| 07/10/2013 | Reply
Halal Travel Market growth – the numbers don’t lie

The global Muslim tourism market was worth $126 billion in 2011, representing 12.3% of the total global outbound tourism expenditure. This is set to grow to $192 Billion by 2020 representing 13.4% of the global expenditure.

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Mena hospitality, tourism revving up IT resources

| 07/10/2013 | Reply
Mena hospitality, tourism revving up IT resources

Regional tourism has high growth potential, according to the World Bank, and is especially strong in Gulf countries, with industry growth projected to increase from $ 19.2 billion in 2011 to $ 28.3 billion by 2016,

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Australia Hosts Muslim Fashion Exhibition

| 07/10/2013 | Reply
Australia Hosts Muslim Fashion Exhibition

Combining fashion and modesty, an Australian exhibition will feature stylish Muslim women couture that applies to the needs of pious women needs, filling a void in the growing market of Islamic fashion.

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20 tons of ‘Halal’ pork in China

| 03/10/2013 | Reply
20 tons of ‘Halal’ pork in China

Police in Xi’an, the capital of China’s Shaanxi province, have seized more than 20 thousand kilograms of pork being sold off as halal beef products. The pork had been treated with chemicals such as paraffin wax and industrial salts to make it look like beef.

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Shekra gets crowdfunding for Arab SME’s off the ground

| 02/10/2013 | Reply
Shekra gets crowdfunding for Arab SME’s off the ground

INJAZ Al-Arab has signed an MoU with Shekra, a crowd funding solution in Egypt supporting startups education, legalities, funding, mentoring, and monitoring processes, to provide additional funding for MENA start-up companies through crowdfunding.

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The travel genome in the DNA of Muslims

| 01/10/2013 | Reply
The travel genome in the DNA of Muslims

When it comes to travel, Muslims as a community are unique. From a very young age, they develop the lifelong desire to perform Hajj, which is to travel to Makkah in Saudi Arabia and perform a set of acts of worship.

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All set for Global Islamic Economy Summit

| 29/09/2013 | Reply
All set for Global Islamic Economy Summit

The much-anticipated Global Islamic Economy Summit, or GIES 2013, under patronage of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has captured the world’s attention on the possible blueprint of an Islamic economy.

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On Track to an Islamic Economy

| 25/09/2013 | Reply
On Track to an Islamic Economy

The notion that Islamic Finance and the Halal food sector ‘belong together’ in a holistic rather than a circumstantial way, is starting to gain a bit of traction, not just on the conference circuit, but also around the tables where Big Decisions get made.

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Malaysia – Jakim adds 222 more Halal cert officers

| 25/09/2013 | Reply
Malaysia – Jakim adds 222 more Halal cert officers

The Halal enforcement division of the Malaysia Islamic Development Department (Jakim) is strengthened with the appointment of 222 more trade affairs assistant officers.

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10 reasons why travel is a key vertical in the Halal market space – part 1

| 24/09/2013 | Reply
10 reasons why travel is a key vertical in the Halal market space – part 1

There is no doubt that Halal/Muslim Travel market is an important area to be taken into account in any framework for building robust and sustainable economy drivers. This segment is not only a direct driver for economic growth, technological innovation, social enterprise, etc. but also is a strong catalyst for growth of other industries in the destinations.

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Dubai’s historic forays into Islamic Economy

| 16/09/2013 | Reply
Dubai’s historic forays into Islamic Economy

Dubai’s ambition to be the capital of the Islamic Economy is bigger than what most can fathom. The Islamic Economy is more than Islamic finance and halal chicken; it is a multi-billion dollar industry that will have a monumental impact on global trade.

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Halal Food: Can Dubai Really Change the Menu?

| 12/09/2013 | Reply
Halal Food: Can Dubai Really Change the Menu?

It is a $685 billion market that cuts across geographic, cultural and even religious boundaries. Can Dubai step in and change the rules of the game?

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GCC-Singapore FTA comes into effect

| 02/09/2013 | Reply
GCC-Singapore FTA comes into effect

For the first time, the GCC countries have committed to recognise the Singapore MUIS Halal Standards (SMHS) as similar to and consistent with their domestic Halal Standards.

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UAE: Food colouring substance E120 is halal

| 31/08/2013 | Reply
UAE:  Food colouring substance E120 is halal

Concerns over the use of a type of food colouring in imported juices and sweets believed not to be halal have been clarified by Sharjah Municipality.

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