Category: Finance & Investment

Malaysia: Halal Industry Fund for SMEs to improve halal products

| 22/03/2013 | Reply
Malaysia: Halal Industry Fund for SMEs to improve halal products

SME Bank has been one of the driving forces behind Malaysian small and medium enterprises (SMEs) to tap into the growing global appetite for halal products. SME Bank recently announced another RM200 million under its Halal Industry Fund, that is available for SMEs.

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UAE: Looking for halal alpha in Dubai

| 20/03/2013 | Reply
UAE: Looking for halal alpha in Dubai

We’re talking about the halal industry: from food and pharmaceuticals to cosmetics, logistics and more — $2.1 trillion in total, with the food sector comprising about a third.

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Malaysia: Qatar ponders investment in Sarawak halal hub

| 18/03/2013 | Reply
Malaysia: Qatar ponders investment in Sarawak halal hub

Qatar sees gelatine from fish as one of the new products that is in-demand. Their representative said there is a potential growth for this market especially in medicine. The diplomat stressed that Qatar is investing heavily in agriculture and food production.

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UAE: Amaf to position Dubai as the centre of the Halal Market

| 06/03/2013 | Reply
UAE:  Amaf to position Dubai as the centre of the Halal Market

DUBAI: Awqaf and Minors Affairs Foundation(Amaf) intends to build a business model to position Dubai as a hub for the rapidly growing Islamic halal market as part of its strategic plan for 2013-2016.

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UAE: Dubai Chamber highlights investment opportunities in the food sector

| 27/02/2013 | Reply
UAE: Dubai Chamber highlights investment opportunities in the food sector

Highlighting the challenges faced by the Halal food sector, Saleh Lootah pointed at the lack of awareness about it and minimal investment in innovation, research and development, lack of options provided to the consumers as well as the competition between global and local brands.

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UAE, an agri-food hub in the region

| 26/02/2013 | Reply
UAE, an agri-food hub in the region

Gulfood 2013 was opened on Monday in Dubai with the participation of 110 countries participating, representing food producers, manufacturers and suppliers from their respective countries in a show to facilitate billions of dollars in trade for these states.

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Opinion: The great ideological struggle of the 21st Century

| 26/02/2013 | Reply
Opinion: The great ideological struggle of the 21st Century

An interview with Chandran Nair, author of Consumptionomics: Asia’s role in reshaping capitalism and saving the planet. In the interview, Chandran discusses why the battle of ideas in Asia will define our future.

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Opinion: Lessons from hiking for Islamic finance

| 18/02/2013 | Reply
Opinion: Lessons from hiking for Islamic finance

In this age, which believes that there is a short cut to everything, the greatest lesson to be learned is that the most difficult way is, in the long run, the easiest. — Henry Miller

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First Initiative to launch Islamic Banking in Uzbekistan

| 12/02/2013 | Reply
First Initiative to launch Islamic Banking in Uzbekistan

Uzbekistan is an important Central Asian country with a population of 30 million; out of them 96% population are Muslim. Uzbekistan will prove to be a large market for Islamic banking in near future and there is a huge potential for other Central Asian countries to benefit as well.

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Islamic venture capital: Crowd funding

| 10/02/2013 | Reply
Islamic venture capital: Crowd funding

Crowd funding links entrepreneurs to pitch their ideas to a network of investors, who contribute small amounts of capital. The investors may invest across a diversified portfolio of startups to minimise their overall risk.

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UAE ‘has what it takes’ to be Islamic finance hub

| 10/02/2013 | Reply
UAE ‘has what it takes’ to be Islamic finance hub

Sheikh Mohammed, also ruler of Dubai, made his comments at a workshop organised by the higher committee for development of Islamic economy sector to follow up progress on action plans and proposed initiatives.

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Saudi Arabia: Kingdom Holding in Islamic financing push

| 08/02/2013 | Reply
Saudi Arabia: Kingdom Holding in Islamic financing push

Kingdom Holding, the international investment firm of Saudi billionaire Prince Alwaleed bin Talal, has formed a sharia board of prominent scholars in order to raise more of its funding through Islamic finance.

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USA: ‘Halal’ Financing for Muslim Entrepreneurs Gains Currency

| 07/02/2013 | Reply
USA: ‘Halal’ Financing for Muslim Entrepreneurs Gains Currency

A March 2012 study of American Muslim entrepreneurs (PDF) tallied 81,000 Muslim-owned businesses in the U.S., with half located in New York, Chicago, and Houston. Some banks do “Sharia-compliant” home mortgages but not entrepreneur financing, which is much more complicated.

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Opinion: The Global Farmland Rush

| 07/02/2013 | Reply
Opinion: The Global Farmland Rush

OVER the last decade, as populations have grown, capital has flowed across borders and crop yields have leveled off, food-importing nations and private investors have been securing land abroad to use for agriculture. Poor governments have embraced these deals.

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Australia’s debut Sukuk to fund solar power project

| 06/02/2013 | Reply
Australia’s debut Sukuk to fund solar power project

SGI-Mitabu, a consortium of two Australian solar companies, The Solar Guys International and Mitabu Australia, are planning to finance an Indonesian solar power project using Sukuk.

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Tatarstan keen to explore Halal industry and Islamic banking with Malaysia

| 16/01/2013 | Reply
Tatarstan keen to explore Halal industry and Islamic banking with Malaysia

Tatarstan, a semi-autonomous region within the Russian Federation and one of Russia’s biggest Muslim regions with about 18 million population, has great potential for the Halal industry.

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Opinion: Dubai’s timely vision

| 13/01/2013 | Reply
Opinion: Dubai’s timely vision

Halal is not just about food, but is also a consumer non-cyclical asset class, and, with Muslim demographics rising and interest by non-Muslims, the inclusion of Halal by Shaikh Mohammed is him understanding and doing something about the eco-system Islamically.

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Dubai: Giant leap in diversification

| 09/01/2013 | Reply
Dubai: Giant leap in diversification

Along with initiatives on Islamic finance announced by Shaikh Mohammed, was the development of commercial standards for Islamic industries and guidelines for Halal food manufacturing. Dubai also seeks to develop Islamic quality standards for Halal food approval.

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Opinion: Cross examining Islamic finance

| 30/12/2012 | Reply
Opinion: Cross examining Islamic finance

Why aren’t more Islamic financial institutions sponsoring events that connect them to the young people, the next generation of clients and employees? Are Islamic banks and funds focusing too much on Shariah and less on the value proposition?

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Pakistan: EPZA, ICCI to establish Halal Export Processing Zone

| 16/12/2012 | Reply
Pakistan: EPZA, ICCI to establish Halal Export Processing Zone

Various international brands should be attracted towards Pakistan for investment in a Halal Processing Zone which would ultimately increase the exports of Halal products as global value for trade of Halal foods and non-food products.

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