Category: Finance & Investment

Huge potential for SMEs in halal industry

| 25/12/2008 | Reply
Huge potential for SMEs in halal industry

Malaysia continues to develop its plans for the Halal sector. Steered by the Halal Industry Development Corporation HDC, the new Masterplan, with plans through to 2020, has been completed and its implementation is getting underway. Smart banks are also looking for a piece of the action.

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Thai Islamic Bank Gives 1.2 Billion Baht in Loans For Halal Manufacturers

| 22/11/2008 | Reply
Thai Islamic Bank Gives 1.2 Billion Baht in Loans For Halal Manufacturers

BANGKOK, — The Islamic Bank of
Thailand (IBT) plans to lend 1.2 billion baht in 2009 to promote halal
food and product manufacturings while exploring sukuk or Islamic bonds
through “petro money” from Middle East investors. Its
chairman Professor Dr Somchai Virunhaphol said the fund for halal
manufacturers would then be doubled in two years as there are vast
potential to be tapped.

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Islamic Banking Gaining Strength, Says Surin Pitsuwan

| 22/11/2008 | Reply
Islamic Banking Gaining Strength, Says Surin Pitsuwan

BANGKOK — The Islamic financing system is expected to
grow faster than the previous 15 to 20 percent annually as world
economies look at it as an alternative to western models which is in
turmoil now, said Asean Secretary-General Surin Pitsuwan.
Surin said while the world financial system was in turmoil and sending
shock waves across the globe, trend in Islamic banking and halal food
industry was encouraging and positive.

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Thailand B2.4bn for halal lending

| 22/11/2008 | Reply
Thailand B2.4bn for halal lending

The Islamic Bank of Thailand will set aside 2.4 billion baht next
year to help finance halal food businesses, according to managing
director Dheerasak Suwannayos.

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Zahid Urges Malaysian Firms to Expand Into OIC Countries

| 20/11/2008 | Reply
Zahid Urges Malaysian Firms to Expand Into OIC Countries

Malaysia: Minister
in the Prime Minister’s Department Datuk Seri Dr Ahmad Zahid Hamidi
Wednesday urged local firms involved in Islamic based businesses to
expand their business to the member countries of the Organisation of
Islamic Conference (OIC).
The
Islamic business and financial market offers an alternative venue for
Malaysian companies in the midst of the challenges brought by the
current global financial crisis, he said.

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Islamic finance in focus at Abu Dhabi event – Billion dollar sector to be discussed during forum at Halal World Expo

| 04/11/2008 | Reply
Islamic finance in focus at Abu Dhabi event – Billion dollar sector to be discussed during forum at Halal World Expo

A
dedicated forum at next month’s Halal World Expo is throwing the
spotlight on the billion dollar Islamic finance sector in a move which
will be of great interest to UAE businesses and potential investors.

The GCC’s leading event dedicated to the global Halal industry,
which takes place from 11-13 November 2008 at the Abu Dhabi National
Exhibition Centre, organised by IIR Middle East, is set to feature
three illuminating seminars on Shari’ah compliant banking and financial
services.

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Introducing Brunei to foreign investors

| 26/10/2008 | Reply
Introducing Brunei to foreign investors

The Ministry of Industry and Primary Resources (MIPR) Brunei yesterday held “Business Investment Seminar and
Business Networking” at Nanning International Convention and Exhibition Centre in Nanning, China to
promote business and investment opportunities in tourism, agribusiness, halal industry, and information and
communication technology (ICT) among foreign investors.

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Islamic Funds

| 08/10/2008 | Reply
Islamic Funds

With all sorts of ethically ‘challenged’ companies
deliberately screened out, it comes as no surprise to learn that some
non-Muslim socially-responsible (SRI) investors have started taking
these funds seriously. Many Christian investors, for example, would
probably share many, if not most, of the same ethical views as Islamic
investors.

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Kyrgyzstan Keen To Learn Malaysia’s Model Of Islamic Economy

| 29/06/2008 | Reply
Kyrgyzstan Keen To Learn Malaysia’s Model Of Islamic Economy

The Kyrgyzstan government plans
to introduce takaful (Islamic insurance), Islamic bond and production
of halal products after having introduced Islamic banking
one-and-a-half years ago, said Shamil M. Murtazaliev, advisor to the
president of Kyrgyz Republic.

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Indian classical scholars sign up for courses in finance

| 16/06/2008 | Reply
Indian classical scholars sign up for courses in finance

The recent interest amongst Muslims in halal investments, has
prompted several classical scholars to sign up for courses in finance,
accounts and even law in India. 

One only hopes that Muslim businessmen will similarly look at the potential for jobs and career opportunities in the Halal industry, including Halal financing for companies producing Halal products to further develop the shariah compliance of the Halal market.

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U.S And Malaysian Banks Can Join Forces In Islamic Financial Services

| 20/05/2008 | Reply
U.S And Malaysian Banks Can Join Forces In Islamic Financial Services

International Trade and Industry Minister
Tan Sri Muhyiddin Yassin called on American bankers Monday to join
forces with their Malaysian counterparts in the area of Islamic
financial services.

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