Category: Finance & Investment

Malaysia: Islamic banking players urged to expand overseas

| 16/10/2015 | Reply
Malaysia: Islamic banking players urged to expand overseas

“The domestic Islamic banking industry players should be brave enough to tap into foreign markets to expand their businesses and grow the industry.”

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Pakistan: Post-IPO results: Al Shaheer’s profit up by 168%

| 08/10/2015 | Reply
Pakistan: Post-IPO results: Al Shaheer’s profit up by 168%

One of the largest exporters of meat, Al Shaheer saw its revenues for the year rise 12% to Rs5 billion compared to Rs4.4 billion in FY14.

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Yunus joins Dubai ruler to help shape UAE’s welfare project

| 08/10/2015 | Reply
Yunus joins Dubai ruler to help shape UAE’s welfare project

The UAE is seeking assistance from Nobel Laureate Muhammad Yunus in designing a massive welfare programme it launched on Sunday to combat poverty.

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Study explores untapped Islamic economy potential of the African market

| 07/10/2015 | Reply
Study explores untapped Islamic economy potential of the African market

A Dubai Chamber of Commerce and Industry study to be launched at Africa Global Business Forum reveals large investment opportunities in the untapped sectors.

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Bosnian Processor Builds Plant With Eye on Turkish Market

| 07/10/2015 | Reply
Bosnian Processor Builds Plant With Eye on Turkish Market

In total, along with the planned increase in workforce and exports, the project could be worth up to BAM 30m (€58.6m), the meat processor says.

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Dubai: Nobel Peace laureate blasts global banking system

| 06/10/2015 | Reply
Dubai: Nobel Peace laureate blasts global banking system

Muhammad Yunus said, “A global financial system that served the rich “was one reason why the whole planet remains entirely unsustainable”.

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Kenya: Sh350 million halal abattoir in Nairobi

| 05/10/2015 | Reply
Kenya: Sh350 million halal abattoir in Nairobi

More than 3,000 small scale farmers from Narok, Kajiado, Samburu and Isiolo counties raised the cash and built Halal Slaughterhouse.

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UAE: State of the Global Islamic Economy Report 2015-2016

| 28/09/2015 | Reply
UAE: State of the Global Islamic Economy Report 2015-2016

Four Islamic countries, Malaysia, KSA, UAE and Bahrain, have received top rankings as the healthiest Islamic economy environments worldwide.

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UAE: Need to adopt global standards for Islamic Economy

| 21/09/2015 | Reply
UAE: Need to adopt global standards for Islamic Economy

The adoption of globally accepted standards for different Islamic economy jurisdictions will not only benefit the producers, but will also enhance trade.

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Brunei Darussalam’s halal industry generating investor appetite

| 15/09/2015 | Reply
Brunei Darussalam’s halal industry generating investor appetite

Brunei Darussalam’s halal sector has the potential to become a cornerstone of the Sultanate’s diversification efforts.

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Canada: Halal chain eyes possible NYS expansion

| 15/09/2015 | Reply
Canada: Halal chain eyes possible NYS expansion

Paramount currently has 19 restaurants, called Halal, with immediate plans to open another eight locations.

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Oman, Bahrain ‘most affected’ by oil price slump

| 14/09/2015 | Reply
Oman, Bahrain ‘most affected’ by oil price slump

The UAE’s economy is one of the most diversified among the GCC countries, making it resilient to falling oil prices.

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Indonesia lists world’s biggest sukuk in Dubai

| 14/09/2015 | Reply
Indonesia lists world’s biggest sukuk in Dubai

Indonesia listed four sukuk valued at Dh22 billion as Dubai further reinforced its position as the world’s leading hub for Islamic economy.

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UAE: Tawreeq Holdings offering Shariah Compliant financing for SMEs

| 14/09/2015 | Reply
UAE: Tawreeq Holdings offering Shariah Compliant financing for SMEs

Sharia-compliant supply chain finance innovator aims to facilitate $500 million in funding for SMEs and corporates over next 18 months.

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Trade and Investment Continue to Grow in Brunei’s Halal Market

| 09/09/2015 | Reply
Trade and Investment Continue to Grow in Brunei’s Halal Market

After the development of Brunei Halal brand, another initiative is the Halal themed industrial park of 500 hectares, specifically developed for Halal certified products and related products.

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Thailand: TUF joins forces with Saudi food firm Savola

| 09/09/2015 | Reply
Thailand: TUF joins forces with Saudi food firm Savola

HAI UNION Frozen Products (TUF), the world’s leading seafood processor, and Savola Foods Company, one of the largest food companies in the Middle East, have announced a joint venture.

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Dubai Exports sharpens focus on fast-growing East African markets

| 03/09/2015 | Reply
Dubai Exports sharpens focus on fast-growing East African markets

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Engineer Saed Al Awadi, Chief Executive Officer of Dubai Exports
Engineer Saed Al Awadi, Chief Executive Officer of Dubai Exports

A trade mission went to Kenya in a bid to further strengthen bilateral exchanges and connect more and more UAE businesses to the promising East African markets.

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USA: American Halal acquires Mediterranean Snack Foods

| 24/08/2015 | Reply
USA: American Halal acquires Mediterranean Snack Foods

American Halal Co., Inc., parent company of Saffron Road, has acquired Mediterranean Snack Foods Co., L.L.C.

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USA: First Crowd Based Online TV for Islamic Finance & Halal Sectors

| 23/08/2015 | Reply
USA: First Crowd Based Online TV for Islamic Finance & Halal Sectors

With IECON TV, stakeholders in Islamic Finance and Halal industries will have an easily accessible reference point.

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Understanding Standards in the Islamic Economy

| 20/08/2015 | Reply
Understanding Standards in the Islamic Economy

This 40-page report gives a thorough and insightful look at the increasingly influential role that standards development, and the associated authorities that develop and enforce them, are likely to have in the various Islamic Economy Sectors.

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