Tariq Iqbal Puri, Chief Executive Trade Development Authority of Pakistan (TDAP) while meeting with Michel Kempeneers, Director, Asia-Pacific Wallonia Foreign Trade and Investment Agency (AWEX), Belgium asked him for Belgium’s technical and financial support in the areas of meat, pharmaceuticals, corporate agriculture and halal food meat certification and logistic etc.
The China-Arab States Economic and Trade Forum will also look at issues relating to expanding China’s Halal food industry, trading in the yuan and joint financing of major construction projects in the Middle East region including in Egypt, Tunisia and Libya.
According to the Indonesian Food and Beverage Association (Gapmmi), a government regulation contributed to the decline of food and beverage imports from China and Hong Kong between January and August.
Thailand Trade Representative (TTR) Pichet Sathirachawal wants to increase exports of halal products by 30%. He also said the first task was to establish an Asean standard for Halal products to help regional producers access wider Halal markets in the world. He plans to persuade six Asean nations to open an Asean Halal standard office in Thailand as the country is a major international food supplier.
The mission consists of top companies specializing in agricultural production, irrigation, livestock breeding, processed and halal food, organic fertilizers, soil treatment, animal feed and feed additives, land-use mapping, and low water use grass seeds.
Before leaving Bangkok, Yingluck said she expected to discuss with the sultan ways to strengthen cooperation between the two countries, including the exchange of knowledge on agriculture and halal food.
Global Islamic finance is now considered to be a nearly $1 trillion industry, while as of last year, the worldwide halal market was worth an estimated $630 billion. The growth of these industries has spurred some investors to develop new financial products that combine bits of both, including halal food indices and equity funds.
In a scant four years, Hamdi Ulukaya has built something that even Silicon Valley types should covet: a $700 million business that’s profitable, dominant and growing at a furious clip.
Dewina Food Industries Sdn Bhd, popular with Halal food brand “Brahim’s” and green IT solutions provider, Basis Bay Group, have decided to expand their business operations to that European nation. Project Manager at Kuala Lumpur-based Netherlands Foreign Investment Agency Agnes Seah said the agency had assisted the firms to realise their ventures in the Netherlands.
Food brand, the Brunei Halal brand, is expected to expand its range of products by early November. At the moment, the new products are undergoing the final stages of halal certification. They are slated to start production in October.
Al Islami, Chief Executive Deputy, Hamid Badawi, stressed on the importance of creating global standards for the “Halal” industry as a step towards transforming it to a global economic power. He said that “creating legislation to regulate the global “Halal” industry is one of the most prominent factors that enhance the performance of this growing sector worldwide”.
Currently, almost all countries exporting Halal products are non-Muslim. Brazil, USA, Canada, Australia, New Zealand, France, Thailand and India are the leading countries exporting Halal products. Last year, India exported Halal brand products worth $21 billion. Awareness about Halal is higher in countries where Muslims are in minority.
Supporting small and medium enterprises and agribusiness are key priorities for IFC in Africa, since these sectors account for the bulk of employment on the continent. Across Africa, IFC is supporting projects across the food supply chain, including processing, logistics, and distribution.
CHESHIRE based cheese-maker Joseph Heler has opened a door to a wider export market by gaining Halal accreditation. Apart from making their cheese available to the British Muslim community, the company says it can now look at markets in Asia and worldwide.
A pioneering Ramadan marketing campaign at Whole Foods has turned into a headache thanks to a handful of vocal anti-Muslim bloggers.
An overview on Halal in France, Russia, USA, UK and Europe. As numbers grow, Muslims continue to maintain purchasing habits that align with their Islamic faith. Muslims want to be able to look at a product and see a recognizable Halal logo. There is an increasing demand for products that are inclusive.
Pursuant to the establishment of the subsidiary office, the Board of Directors of Brunei Wafirah Holdings Sdn Bhd has appointed Dr. Mohammad Nazir, OBE as CEO of Brunei Wafirah UK Ltd with effect from 1st August 2011.
French retailers and food manufacturers are realizing there’s money to be made by embracing halal, food produced according to Islamic law. Though sales tend to spike during Ramadan, halal is very much a year-round market.
Islamic Finance news – IFN Today, Thursday, 17th May 2012
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