The Saudi Food and Drug Authority is strengthening its oversight laboratories and offices with equipment and qualified personnel to enhance its presence in various exit and entry points to ensure the safety of food and drugs.
Officials from tourism agencies from Arab countries, have spoken about why their citizens chose to come to Turkey for holidays. Among the most important factors they detailed were the food, the shared history, the natural beauty, and religious similarities between Turkey and their home countries.
Kazakhstani President Nazarbayev showed great interest in promoting Islamic financing in Kazakhstan, “probably because both countries have a similar background of government based on Islam.” They also plan joint ventures to produce Halal food.
The council approved the scheme comprising 46 articles which included the definition of food, food additives, its safety, hygienic practices, food handling, set standards for food, environmental and health requirements and packaging.
The new title, Muallim, which is being touted as the first English language lifestyle magazine for Muslims in the country, will hit the newsstands in May.
Australia has its first “Halal friendly pharmacy” that may herald a new niche in the competitive retail pharmacy market. A large segment of Muslim consumers are requesting medicines that are Halal.
The long waited halal meningitis vaccine named ‘Menveo’ is now available worldwide. Many Muslim countries including Saudi Arabia have approved it and many have instructed to replace the previously used one with this halal vaccine.
From humble beginnings in the 1990’s, Islamic finance has become a trillion-dollar industry. The market consensus is that Islamic finance has a bright future, owing to favourable demographics.
Abu Dhabi has significantly expanded its business travel market in recent years, particularly the meetings, incentives, conferences and exhibitions (MICE) segment, aiming at $1.4b by 2015.
The International Food Exhibition (IFEX) is the biggest government-sponsored international food and beverage show in the Philippines. It is relaunching as “Asia’s Ethnic Food and Ingredients Show”.
In line with company’s objective to promote the concept of Real Halal food globally, Al Islami has participated in the Sharia-compliant Bazaar.
An eminent group of UK Halal scholars have created a new Shariah-compliant halal certification scheme for the food industry, which they hope will be adopted as a worldwide standard.
The Prosperous Justice Party politician Ledia Hanifa said it was not appropriate for a Halal product regulators to be involved in the certification process.
Jafza plan to set-up an incubation centre in the free zone to encourage Small and Medium Enterprises from Malaysia and other countries from the region to set up their operations.
Young Muslims, one of the newest groups to make inroads in American finance, can face steep barriers to entry. Some obstacles are remnants of a less tolerant era. But prominent, too, are the limitations of Islam itself.
Providing youth with halal, positive and inspirational music, Muslim singers are producing an Islamic version of famous international lyrics to attract young listeners.
Cert ID Europe has joined forces with the Hijaz Group to form the Halal Authority Board (HAB), which will offer a new worldwide benchmark for Halal certification for the food industry.
The Arab world today is home to more than 100 million young people between 15 and 29, representing 30% of the total population, with hopes, plans and the desire to work.
Islamic Finance news – IFN Today, Thursday, 17th May 2012
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