Malaysia needs to keep diversifying its export markets and depend less on traditional markets as a way to sustain the country’s growth momentum this year, says International Trade and Industry (MITI) Deputy Minister Datuk Mukhriz Mahathir.
From next year, Muslims can check the halal content of an imported product in the market via the Halal Verified Engine (HVE) system through the Malaysian Islamic Development Department’s (Jakim) website.
The 9th edition of the exhibition runs on April 4-7 in Kuala Lumpur where it is going to host 500 companies from 29 countries to present the latest achievements on halal foods.
There should be a dedicated syariah-governing department within all companies producing halal products and services, an Islamic scholar said at the recent World Halal Forum.
KUALA LUMPUR: The Government will continue to develop the halal market, given its huge potential and global demand.
The success of Ala, which has attracted 30,000 subscribers since its founding in June, reflects the rise of an Islamic bourgeoisie in Turkey that has prospered under the Islam-inspired Justice and Development Party of Prime Minister Recep Tayyip Erdogan.
Even as Iran’s nuclear program raises the likelihood of yet another conflict in the Middle East, the bigger threat is a potential food crisis in the making, says Lester Brown, founder of the Earth Policy Institute.
The World Halal Council (WHC) will hold its mid-year Executive Committee meeting in Kuala Lumpur on April 5, to coincide with the 9th International Halal Showcase 2012 (MIHAS 2012).
Pakistan’s private sector and commerce ministry have miserably failed to capture even a small share of the global halal market because of indifference, lethargy, poor business vision and short-sightedness.
Currently, Brunei Halal Brand is heading towards the European market by penetrating into the UK market first. Apart from making its presence felt in the UK, Brunei Halal Brand is slowly but steadily spreading its wings across Asia and the region. Brunei Halal Brand is all set to start production in Thailand and India, while it’s already doing so in Malaysia and Spain.
But it’s a market strewn with confusion, as separate Muslim countries try to establish recognised standards and producers from outside the Muslim world also hurry to enter the market. That leaves many Muslim consumers crying out for reliable brands that will help them guide their choices.
Malaysia Airport Consultancy Service (MACS), a Malaysia Airports Holdings Berhad subsidiary, has become the first government-linked company (GLC) to receive the MS1900:2005 certified by QAS International based on Quality Management System from the Islamic Perspective.
There is no element of double standard in the approval of the application for halal certificate from big companies or small and medium industry, according to Minister in the Prime Minister’s Department.
PNAC Director General Anjum Bashir said the Standard and Metrology Institute for Islamic Countries (SMIIC) of Turkey had acknowledged the Halal accreditation scheme of Pakistan and would give membership of its accreditation committee to PNAC.
Currently, Jakim recognises halal certification from 57 bodies coming from 33 countries. However, due to the lack of a single global halal standard, the process and procedures from each country sometimes are different from the ones practised by Jakim.
Details of the approved site will be discussed at the 7th World Halal Forum in Kuala Lumpur next month, which will be attended by representations from the Federation of Islamic Associations of New Zealand.
Minister of International Trade and Industry Datuk Sri Mustapa Mohamed announced yesterday that Malaysia’s export value for halal products in 2011 stood at RM35.4 billion. This is some 50 per cent more than in 2010.
“On behalf of Ningxia’s foreign affairs office, we express our desire to establish a sister city relationship with one of Indonesia’s cities,” Zhang Yexing, vice director general of Ningxia’s foreign affairs office, told journalists yesterday. Yexing said the Ningxia government is eager to establish cooperation in Halal food production with its sister city in Indonesia.
Islamic Finance news – IFN Today, Thursday, 17th May 2012
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