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Author Archive: hamid

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Opinion: Of Faith, Finance, Food and fashion

| 01/03/2011 | Reply
Opinion: Of Faith, Finance, Food and fashion

An interview with Dinar Standard CEO Rafi-uddin Shikoh from Rushdi Siddiqui’s regular ‘Islamic Finance 2.0′ column in Business Times of Malaysia.

“We are defining the ’emerging Muslim markets’ as the inter-connected over US$7 trillion (RM21.35 trillion) OIC member country economies, the over US$1.8 trillion (RM5.49 trillion) global Muslim consumer market, and the over US$1 trillion (RM3.05 trillion) Islamic Finance industry. There is tremendous connectivity and opportunities that exist within these three segments and we feel that collectively they are as large as any other emerging market today.”

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Opinion: Islamic Finance’s Real Economy Leadership Agenda

| 28/02/2011 | Reply
Opinion: Islamic Finance’s Real Economy Leadership Agenda

Dinar Standard founder Rafi’uddin Shikoh comments that if the vision of Islamic Finance is a financial system that seeks profits while ensuring the religious considerations of sharing risk and returns and supporting an ethical society with a potential to serve a global audience, then the reality of today’s industry value proposition is only partially hitting the mark.

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Halal – a Badge of Honour

| 28/02/2011 | Reply
Halal – a Badge of Honour

With a 1.57 billion-strong global Muslim population, and most of them coming from what we call the ‘next 11’ emerging economies, Halal is clearly a force to be reckoned with. Much has been said and written about the explosion of Halal and its immense potential, but not much about what really makes it tick and how it has become such a big cultural phenomenon.

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EU: Holland Moves To Ban All Ritual Slaughter, Unless Animal Is First Stunned

| 23/02/2011 | Reply
EU: Holland Moves To Ban All Ritual Slaughter, Unless Animal Is First Stunned

The Dutch parliament has begun legislation proceedings that will ultimately ban Jewish slaughter on the grounds that it causes undue suffering to animals and constitutes abuse of them. If the law is passed, Holland will become the first country to ban Jewish slaughter since the EU was formed. The Dutch parliament has begun legislation proceedings […]

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“Our mission is to restore the sacredness of food”

| 20/02/2011 | Reply
“Our mission is to restore the sacredness of food”

Over the past few years, the market for halal foods in the West has grown enormously, with the number of restaurants offering halal options for Muslim consumers in the US, Canada, and Britain more than doubling in the past five years, according to the halal restaurant and product guide zabihah.com. Even more dramatically, the number […]

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Opinion: Geopolitics of the Food Crisis

| 19/02/2011 | Reply
Opinion: Geopolitics of the Food Crisis

After WW2 the nations that are considered today’s third world had yearly trade surpluses in food of $7 billion, subsistence farming where the cultivation of land was primarily for domestic consumption dominated the world and through mechanisms whereby government’s controlled food supplies, this ensured sufficient reserves were put aside for future harvests. However today the rise of food deficits in the third world mirrors the rise of food surpluses in the developed world.

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Interview: Food Prices and Global Instability

| 19/02/2011 | Reply
Interview: Food Prices and Global Instability

Food prices are skyrocketing across the world, and last month, they peaked to the highest levels since the UN’s Food and Agriculture Organization began indexing them in 1990.

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Tremendous response from Singapore for MIHAS 2011

| 17/02/2011 | Reply
Tremendous response from Singapore for MIHAS 2011

MIHAS Chief Executive Officer Mohd Shukri Abdullah said, the booth space at the event venue, the Kuala Lumpur Convention Centre (KLCC), has been 90 per cent sold or nearly taken up by Malaysian and international exhibitors.

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DuPont eyes the Halal food market

| 17/02/2011 | Reply
DuPont eyes the Halal food market

Major multinationals that are in the business of blending food and science are becoming increasingly active in the Halal sector. The scope for developing the halal ingredient sector is substantial, and, while (too) many people are focusing on slaughter methods, a few astute multinationals can take advantage of the growing demand for Halal ingredients that have multiple uses throughout the food chain.

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6th World Halal Forum to indicate next phase of Halal Market growth

| 17/02/2011 | Reply
6th World Halal Forum to indicate next phase of Halal Market growth

The 6th World Halal Forum will be presenting a gathering of cutting-edge thought leaders and practitioners from around the world for the gathering on 4-5 April.

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OIC and IDB back Turkish Halal food production plans

| 17/02/2011 | 1 Reply
OIC and IDB back Turkish Halal food production plans

Turkish Industry and Trade Minister Nihat Ergün paid a visit to Saudi Arabia at the invitation of the OIC last week. In Jeddah, he held important talks with about 300 wealthy Saudi businessmen and the OIC Secretary-General Ekmeleddin Ihsanoglu, who is also a Turkish national to discuss the importance of the halal food business.

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Malaysia: The Halal Journal Awards for excellence at WHF 2011

| 11/02/2011 | Reply
Malaysia: The Halal Journal Awards for excellence at WHF 2011

At The Halal Journal, our aim from the beginning has been to promote and strengthen the Halal industry worldwide; to be a gathering place for news, information and opinion; to acknowledge and encourage excellence in the Halal industry. As part of this aim, KasehDia Sdn Bhd, the publishers of The Halal Journal, have decided to […]

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The Future of the Global Muslim Population

| 09/02/2011 | Reply
The Future of the Global Muslim Population

The world’s Muslim population is expected to increase by about 35% in the next 20 years, rising from 1.6 billion in 2010 to 2.2 billion by 2030, according to new population projections by the Pew Research Center’s Forum on Religion & Public Life.

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Halal market valued at $1.2 trillion

| 09/02/2011 | 1 Reply
Halal market valued at $1.2 trillion

With halal food currently accounting for approximately one-fifth of world food trade according to Euromonitor International, the provider of global business intelligence and strategic market analysis, food and beverage companies across the globe are recognising the considerable opportunities presented by this industry segment.

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Kuwait: Resolutions from the ‘First Gulf Conference on Halal and its Services’

| 03/02/2011 | Reply
Kuwait: Resolutions from the ‘First Gulf Conference on Halal and its Services’

Under the patronage of His Excellency Chancellor Rashed Abdul Mohsen Al-Hammad, Deputy Prime Minister for Legal Affairs, and Minister of Justice, the Minister of Awqaf and Islamic Affairs, the First Gulf Conference on Halal and its Services was held from 20-22 Safar 1432 AH corresponding to 24 to 26 January 2011, in the Holiday Inn Hotel, Salmiya, Kuwait.

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Global Food Crisis: A Bowl of Opportunities for Muslim World

| 03/02/2011 | Reply
Global Food Crisis: A Bowl of Opportunities for Muslim World

Dinar Standard founder Rafi’uddin Shikoh will be presenting “Food Security and Opportunities in OIC Markets” at the World Halal Forum on 4-5 April.

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Muslim Travel Guides – Sign of a Growing Travel Industry Trend

| 03/02/2011 | 2 Replies
Muslim Travel Guides – Sign of a Growing Travel Industry Trend

As the Muslim consumers across the world assert their unique needs, evident by the growth of Islamic finance and Halal food, the large travel and hospitality services market is also beginning to see a “halal” consumer impact.

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Rushdi Siddiqui – A Pioneer in Islamic Finance’s Global Prominence

| 03/02/2011 | Reply
Rushdi Siddiqui – A Pioneer in Islamic Finance’s Global Prominence

Rushdi Siddiqui will be speaking at the 6th World Halal Forum in Kuala Lumpur on 4-5 April 2011 on ‘The Tipping Point for Halal and Islamic Finance’.

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Opinion: Islam and Fair Trade

| 01/02/2011 | Reply
Opinion: Islam and Fair Trade

By Suzan El-Ajou | first published on suhaibwebb.com December 31, 2010 1:59 am What are the congruencies between Islamic business ethics and the Fair Trade principles? With one-fifth of the world’s total population identifying themselves as Muslim1, and with the consideration that they are active participants in world markets, it is imperative to include the […]

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Is Islamic Travel on the rise?

| 30/01/2011 | Reply
Is Islamic Travel on the rise?

If Islamic countries want to promote travel from the Middle East they have to be more aggressive in their marketing and have to entice their prospects with the facilities they provide.

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