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.
Ottawa Public Health is debating whether to force all food handlers in the city to take a mandatory food safety course. The city now offers a one-day voluntary food safety certification course and demand is high for that course.
The perceived role of God in illness and recovery is a primary influence upon the health care beliefs and behaviors of American Muslims, a first-of-its-kind study has discovered. Outreach and education efforts by the health care community can help address Muslim concerns and improve health care quality in this rapidly growing population, the report recommends.
US foods supermarket chain Whole Foods has found itself at the center of a heated controversy over its decision to promote Ramadan products for Muslims living in America.
A pioneering Ramadan marketing campaign at Whole Foods has turned into a headache thanks to a handful of vocal anti-Muslim bloggers.
There are problems in all 240 countries of the world, but what is the point of importing the actions of few to spread fear amongst the many? Albert Einstein said it best, ‘Great spirits have always encountered violent opposition [instilling fear] from mediocre minds.’
The 3rd AMCC will be held on Saturday, October 29th at Hotel Hyatt Regency in New Brunswick, New Jersey.The conference is held annually attracting attendees from the food industry, entrepreneurs, professionals, and marketing/advertising/PR executives.
Muslim Americans want to purchase the same products as every other American – they just want them to be unquestionably halal. The number of American Muslims is slated to reach 16 million by 2014 and American Muslim consumers are looking ahead.
American Muslims are the most diverse religious group in America according to Magali Rheault, Senior Analyst, Gallup Center for Muslim Studies. The American Muslim Consumer Conference (AMCC) promotes dialog and raises awareness of this multicultural niche where many mainstream companies are now seeing a growing opportunity.
The DJIM U.S. Titans 50 Index, which measures the performance of 50 Islamic halal U.S. blue chips, closed down 1.04% for July, while the conventional bellwether, the Dow Jones Industrial Average, ended the month lower by 2.18%. Meanwhile, the flight of capital into “safe havens” such as gold and the Swiss franc intensified.
The American Halal Association has launched its 3rd edition of the HalalConnect magazine. Cover story ‘Time for Regulation’ – “With Halal Regulation, can America become a major market force?” Download PDF version here.
The logistics of the Halal industry show a dynamic market in the Muslim world. Halal products’ rate of growth, undoubtedly, indicates areas creating opportunities for investment and food national security. Halal food products and their supporting service providers will have to work harder to ensure participants meet Halal requirements.
We love our beef, we humans, so we share our planet with a heck of a lot of cattle. According to Gira, an international market research group, almost a billion beef cattle are being raised for dinner tables worldwide, about 12.3 million of them in Canada, primarily in Alberta and Saskatchewan. That’s about one head of beef for every three Canadians.
Whole Foods and upstart natural meals brand Saffron Road are employing Facebook, Twitter, and blogs to target Muslims for Ramadan, a month-long spiritual holiday beginning Aug. 1.
The first ever Eid Gift Guide makes halal shopping easy for Muslims everywhere. A new business initiative to find Islamic gifts made by and for Muslims that features strict Halal permissible products appropriate for the entire family.
It is not often that brands and retailers in the U.S. acknowledge American Muslim consumers and their major holidays, but occasionally when they do, they see first hand an outpouring of support from that community.
The Halal industry is where kosher was in the early 1950s before there was any kind of national certification process and when much of what was available was produced only on a local or regional basis.
Islamic Finance news – IFN Today, Thursday, 17th May 2012
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