Opinion: The Muslim consumer: building your brand for a fast-growing segment
Here are three tips on engaging with this lucrative, untapped and potentially very loyal consumer base: focus on finance, fashion and food.
Here are three tips on engaging with this lucrative, untapped and potentially very loyal consumer base: focus on finance, fashion and food.
One Islamic Finance consultant based in Dubai blames some banks for not operating in an Islamic way at all but “running a Shariah-bank with a conventional window”. Other professionals are outraged that some financial firms try to develop Islamic derivatives or even Islamic hedge funds despite the fact that Shariah bans interest, short-selling and speculation.
The author, Liow has always envisioned writing a book of international interest that would form as a reference point for companies and individuals around the world to understand the essence of Halal, and ways to marketing halal products and services in order to generate wealth for countries and individuals.
The Malay Chamber of Commerce Malaysia (DPMM) has offered to facilitate, on behalf of the Tabung Haji Board, Amanah Saham Mara Bhd and Felda, the purchase of Kulim Bhd’s interest in QSR Brands Bhd worth over RM1 billion.
Egyptians in the tourism sector are worried that proposals by Salafi political leaders advocating halal tourism would hurt a sector that is already in decline following the wave of political protests this year.
“There’s a lot of misunderstanding about what religious slaughter is, and it is being combined successfully by those interested in animal welfare with anti-Semitism and Islamophobia,” Dr. Regenstein, head of Cornell’s Kosher and Halal Food Initiative, said.
Small and medium-sized entrepreneurs (SMEs) should seize the lucrative potentials within the burgeoning global halal market as it is the epitome of the Blue Ocean strategy, Deputy International Trade and Industry Minister Datuk Mukhriz Mahathir says.
The New Zealand Trade and Enterprise recommends companies stay up to date with this rapidly changing global Halal market said to be worth $2.95 trillion. Food products comprise 61% pharmaceutical products 26% and cosmetics 11%.
Halal Industry Development Corp (HDC) expects to attract RM1 billion investments from local and foreign investors for all eight halal parks in the country next year. The target is smaller than this year’s RM2.4 billion investments due to global economic uncertainties.
Arab countries need to invest $144 billion in agriculture between now and 2030 to meet the demand for food for their growing populations, said an Arab official.
ATH has agreed to join HMC and transfer all its certified products under the HMC brand. Jointly HMC intends to grow its non-meat products certification for the benefits of the Muslim consumer in what has become a complex food area.
The annual meeting of the World Halal Food Council (WHFC) will be held in Jakarta on 16-18, January 2012. The event which will take place at the Sultan Hotel is the first meeting since June 2011, when the WHFC was reactivated, after being known over recent years as the World Halal Council.
Malaysian entrepreneurs have to think out of the box to tap into the lucrative RM9 trillion-a-year halal products market. Halal Industry Development Corporation (HDC) vice-president Dr Malik Musharaf said Malaysia was only tapping into less than one per cent of the market, taking in about RM58 billion of the share.
This article, reproduced from the International Arab Journal of Information Technology, examines the viability of using Radio frequency identification technology to protect against fake Halal logos and certificates.
With Gulfood coming up, and many companies wanting to enter the UAE with their goods, please find attached the export requirements for eligible products being sent to the region.
I eagerly watched the first episodes, I’ve got to say I think we ended up with something more like a Muslim Jersey Shore, the low-grade MTV series about Snooki’s party life in New Jersey, writes Asra Q. Nomani in ‘The Daily Beast’.
Simple rules and regulations, attractive tax incentives and a welcoming environment are the qualities that businesswomen from the United Arab Emirates (UAE) look for when exploring investment opportunities in any country, including Malaysia.
The United Arab Emirates (UAE) is often associated with Dubai, billed as the financial and liberal capital of the Gulf. But behind this bright facade lies a shaky national identity, a rocky relationship with neighbouring Iran, and a long term political and less talked about military alliance with the US.