Category: Russia

Malaysian company wants to expand Halal food services to Russia

| 03/10/2011 | 1 Reply
Malaysian company wants to expand Halal food services to Russia

LSG Skychef-Brahim’s Sdn Bhd, the world’s biggest Halal flight kitchen caterer, is embarking on expanding its services to new markets such as China, Eastern Europe as well as scouting for opportunities in the former Soviet states and the Middle East.

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Republic of Tatarstan capitalizes on its Muslim heritage

| 14/09/2011 | Reply
Republic of Tatarstan capitalizes on its Muslim heritage

The Republic of Tatarstan, a Muslim-majority region, has proved to be an interesting investment destination for funds with Muslim shareholders or that are based in Muslim countries. The Malaysian private equity firm Amanah Raya Capital Group, has launched several projects the republic. Their first project was the Kazan Halal Hub.

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Halal food market is estimated at US$500 billion per year

| 09/08/2011 | Reply
Halal food market is estimated at US$500 billion per year

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.

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Russia: Most consumers of Halal products in Moscow have no relation to Islam

| 05/08/2011 | Reply
Russia: Most consumers of Halal products in Moscow have no relation to Islam

Halal products volume in Russia is growing 30-40 percent annually, the Halal Standard Committee at the Tatarstan Islamic High Council said based on research outcomes.

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Russia: Going Islamic

| 28/06/2011 | Reply
Russia: Going Islamic

The stricter, more ethical rules of Islamic finance helped many countries avoid the worst of the 2008 economic meltdown. Now officials in the Russian republic of Tatarstan are hoping that Islamic finance can help them attract direct investment from Muslim nations around the world.

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Russia: Russian Muslims keen on penetrating Global Halal Market

| 09/06/2011 | Reply
Russia: Russian Muslims keen on penetrating Global Halal Market

The feedback from over 500 participants was that this year’s Moscow Halal Expo was a huge success in showcasing the diversity of local Halal products and services, as well as highlighting the potentials of 27 million-plus Muslims in Russia.

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Russia: Sheikh Saleh Kamel announces plan to invest $2m in Tatarstan

| 31/05/2011 | Reply
Russia: Sheikh Saleh Kamel announces plan to invest $2m in Tatarstan

During the meeting with Linar Yakupov, the Chairman of Small and Medium-size Enterprises Development Committee of the Republic of Tatarstan Russian side presented a number of investment agriculture, construction and Halal industry development projects.

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Russia: Halal Expo Moscow-2011 exhibition to be held in Moscow

| 18/05/2011 | Reply
Russia: Halal Expo Moscow-2011 exhibition to be held in Moscow

Moscow Halal Expo 2011 is the opportunity for the Russian and foreign producers and businessmen to present themselves on an international level, to share experience and to establish useful business contacts. It will be held on May 26-28, 2011 in the largest International Exhibition Centre of Russia “Crocus Expo” in Moscow.

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Russia: Market Emerging for Islamic Finance

| 15/04/2011 | Reply
Russia: Market Emerging for Islamic Finance

Russia is the most attractive of the four BRIC countries for Islamic investment because it’s relatively stable, close to the Middle East and has an established legal system and infrastructure, said Abas Jalil, executive director of AmanahRaya Capital Group in Malaysia.

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Amanah Raya to help set up Islamic bank in Kazakhstan

| 25/01/2011 | Reply
Amanah Raya to help set up Islamic bank in Kazakhstan

Malaysian trustee company Amanah Raya Berhad is joining forces with Fattah Finance, a local Kazakh brokerage company, and the state-owned Development Bank of Kazakhstan to conduct a feasibility study to establish the second Islamic bank in the CIS country.

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Russia: Tatarstan set for debut sukuk

| 03/01/2011 | Reply
Russia: Tatarstan set for debut sukuk

The MoU and the possibility of a Tatarstan sukuk origination in 2011 are just some of the developments on Islamic finance to emerge out of Russia. Indeed, Tatarstan is the most proactive Russian republic in this context which is manifested through its close relationship with the Islamic Development Bank (IDB) Group.

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Russia: Yamal Looks to Export Reindeer Meat to Qatar

| 22/12/2010 | Reply
Russia: Yamal Looks to Export Reindeer Meat to Qatar

When rival energy producers Russia and Qatar talk business, it’s no longer only about natural gas — they’re talking reindeer meat, which Russia has promised to export and butcher according to Muslim dietary law.

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Islamic Finance in Russia – Developments in 2010

| 14/12/2010 | Reply
Islamic Finance in Russia – Developments in 2010

The major milestones are the establishment of the Russian Association of Experts in Islamic Finance; the first Halal Expo Exhibition; publication of an authorized translation of the Accounting and Auditing Organization for Islamic Financial Institutions’ Standards of Islamic Finance Transactions; and the first Islamic finance deals on the Russian market.

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Indonesia: Russia, Indonesia to boost economic cooperation

| 20/11/2010 | Reply
Indonesia: Russia, Indonesia to boost economic cooperation

Indonesian Ambassador to Russia, Hamid Awaluddin pointed out that there had been demand from Russia’s Muslim community for Indonesian garments and packaged Halal food.

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Russia: Halal industrial park opens in Tatarstan

| 20/11/2010 | Reply
Russia: Halal industrial park opens in Tatarstan

Russia’s first halal industrial park opened on Friday in Tatarstan. Russia is the home to 20 million Muslims.

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Russia: Al Shams Capital is setting up first CIS focused Shariah compliant PE fund

| 06/06/2010 | Reply
Russia: Al Shams Capital is setting up first CIS focused Shariah compliant PE fund

Al Shams Capital (Moscow), an investment financial company specializing in Islamic investments and finance, Lux Global Trust Services, a Luxembourg-based independent advisory and fund services firm and Theisen Law, a leading Luxembourg-based law firm, signed an agreement during the Moscow Forum for Islamic Investments & Finance in the Russian capital on 27th of May 2010.

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Prospects for Econonic Cooperation between Russia and Malaysia

| 29/01/2010 | Reply
Prospects for Econonic Cooperation between Russia and Malaysia

A working group from Russia of top executives from Islamic finance and Halal products & services, recently visited Malaysia looking for areas of cooperation with representatives from
Islamic business and finance in South-East Asia
. One of the topics discussed with Malaysia counterparts was the ‘KAZANHALAL
2010’ Exhibition to be held in the city of Kazan on the 27-29 June 2010, alongside the II Summit on International
Islamic Business and Finance.

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Halal Restaurants in the centre of Moscow

| 19/12/2009 | Reply
Halal Restaurants in the centre of Moscow

Now the heart of Moscow, at the prestigious Strastnoy Boulevard,
has two restaurants with fully halal food and the complete absence of
alcohol.

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