The exhibition, being held on the 4-7 April, is part of Malaysia Halal Week 2012, which also includes the World Halal Research Summit (WHRS) on the 4-5 April and the 7th World Halal Forum (WHF) 2012 on the 2-3 April.
Chairman of the Turkish Standards Institute (TSE), Hulusi Senturk, said Thursday that a list of standards for “halal food” was accepted by 33 Islamic countries in a meeting that took place in Cameroon on May 16 and 17.
The challenges of serving the Halal market begins with the identification of the Halal consumer. How are Halal consumers defined and who are they? That answer is difficult in secular countries, as the Halal consumer could be from any one of 56 Islamic countries or simply be native of the secular state.
Experts say the index will be a bridge-builder for Islamic funds, exchange-traded funds and sukuks as well as for global non-Islamic investors interested in the emerging food sector. Here are some basic facts about the index and its role in the future of Islamic investing.
The 6th World Halal Forum (WHF), 4-5 April, premiered with a notable paradigm shift with the introduction of Halal 2.0 The Convergence of Islamic Finance and Halal. The main theme of the event was to push for the convergence of two influential industries Islamic finance and the halal sectors into an integrated halal economy estimated to be now worth several trillion US dollars. The key milestone was the unveiling of a first of its kind “Halal Food Index”, which will position halal as an asset class within the investment community.
The New Zealand meat industry is expected to grow significantly after the Agriculture and Forestry Ministry won the award for best service provider at the World Halal Forum in Malaysia last week.
The connectivity should be natural given that they are supposedly both part of the Halal Activities Paradigm, of which finance and food are but two trillion-plus dollar components.
Former Malaysian Prime Minister, YABhg Tun Abdullah Ahmad Badawi presented the prestigious Halal Journal Awards to eight of the industry’s movers and shakers at The 6th Halal Journal Awards Gala Dinner held to honour and celebrate the success within the global Halal industry.
This prestigious award was personally presented to Saffron Road by the Former Prime Minister of Malaysia, Tun Abdullah Ahmad Badawi during the Halal Journal Awards Gala Dinner Monday evening.
Based on feedback from over 600 delegates who came from over 40 countries, this year’s WHF hit the right note by converging Islamic Finance and the Halal Industry, into one integrated Halal Economy. This positive response is a promising step forward for both industries to work closer together to elevate the Halal economy.
Photos from the launch of the SAMI Halal Food Index during the opening of the 6th World Halal Forum.
The strong emphasis of the World Halal Forum (WHF) was on the convergence of the halal goods and services industry and Islamic finance into an integrated halal economy estimated to be worth several trillion US dollars.
The SAMI Halal Food index and its sister index, the SAMI Halal Participation Index, were launched during the WHF yesterday.
Malaysian listed food companies form over a third of the 274 companies in the newly-launched SAMI (Socially Acceptable Market Investments) Halal Food Index.
In the run up to the 6th World Halal Forum, ‘Malaysia SME’ magazine talked to WHF Director Abdalhamid Evans about some of the opportunities, challenges and misconceptions faced by local SME’s in the Halal sector.
Twitter
LinkedIn
Email
Imarat Consultants