With an estimated disposable income of between $107 billion and $124 billion, Muslim Americans are realizing they can use their size to influence the market. If a business offers halal food products, for example, Muslim consumers will pick that business over the others.
The proposed Philippines-Qatar Joint Investment Fund includes projects in agriculture, energy, halal food, labour, mining, petrochemicals, real estate, steel, tourism, trade and infrastructure development.
During their stay they spent over SR 7.7 bn. Also they made 741 domestic business trips during which they spent SR 876 million, said Eng. Tariq bin Abdul Rahman Al Essa, Director of Business Tourism Development Project at SCTA.
Making air travel more welcoming to Muslim travellers is a big deal: Muslims represent around $100 billion—around 10%—of global travel spending, according to AFP, and that figure is growing as majority-Muslim countries.
Mixed marriages, usually involving a Muslim man and Han Chinese woman, are on the rise in Beijing. Urban Muslims now have different wedding choices, but not all of them adhere to Islam.
France is home to the largest Muslim community in the Western world. For several years now, France’s national standardisation body AFNOR has been working with other standardisation bodies in Europe to develop a European halal standard.
Iran’s answer to ‘criminality’ on the internet is not to fight criminality, but to block the internet. In the future, Iranians will have access to only the official national intranet and a whitelist of acceptable foreign sites.
Chairman of Jeddah Chamber of Commerce, Sheikh Saleh Kamel revealed that the Sudanese government agreed to establish a free zone to be given to Saudi Arabia for cultivation. The area will be close to Port Sudan, to transport products easily across the Red Sea.
Leading Pakistan brands in frozen meat, edible oil and herbal products are set to launch their operations in the emirate that will boost food business between the two countries.
The World Halal Food Council (WHFC) officially opened their office for Europe Regional, and their Executive Committee for Europe is located in The Netherlands. This has been done to facilitate the coordination of the implementation of halal standards that have been stipulated together with MUI and WHFC in Europe.
The system can verify online more than 3,000 Halal products that are registered with Jakim. DagangAsia Net invested RM3.5 million to set up the Halal Verified Engine (HVE) at the DagangHalal.com portal.
Launched earlier this month, the online tool takes data such as prayer times in the country of origin, the destination city and in countries on the flight path and uses an algorithm to plot exact prayer hours during a flight.
The world’s first-of-its-kind Halal Intellectual Property (IP) Bank initiated by the Halal Industry Development Corp (HDC) has been formed to store all registered and licensed halal intellectual properties and ideas.
Some French politicians have seized on the spread of halal food to win votes. Producers selling their wares at Paris’s annual Paris Halal Expo are much more convinced it will bring something else: profit.
Tan Sri Muhyiddin Hj Mohd Yassin, in his keynote address, praised the World Halal Forum for its efforts in emphasizing on a universal appeal on Halal principles and for leveraging on creative channels like the arts, media and entertainment in spreading good values.
A GROWING number of companies from Chile are going for halal certification as they look to increase their exports to Asia, including Malaysia. There are currently 54 halal-certified export-oriented companies in Chile.
The main issues discussed include the worldwide consumer’s concern about machine slaughter, gelatine and the Halal permissibility of cloned animals, as well as the use of sausage casings in some well-known brands.
Aiming to tap into the $2.77 trillion international Halal food industry, Expo Centre Sharjah launched its new trade fair at the global hub of Halal food trade – Malaysia.
Islamic Finance news – IFN Today, Thursday, 17th May 2012
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