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Category: Editorial

Opinion: Islamic finance and food sector need convergence

| 27/10/2013 | Reply
Opinion:  Islamic finance and food sector need convergence

From the perspective of the Islamic economy, these two sectors clearly belong together, but it will take time and some imaginative, bold moves to bring them closer together.

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Opinion: World Islamic Economic Forum needs to under-promise and over-deliver

| 24/10/2013 | Reply
Opinion: World Islamic Economic Forum needs to under-promise and over-deliver

The WIEF is not just about Islamic finance, there will many other subjects covered, like US$2.3 trillion halal industry, but the US$1.3 trillion niche market seems to be the anchor tenant of the event. Why?

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Opinion: Innovation: Nasa technology… and a prayer mat

| 20/10/2013 | Reply
Opinion: Innovation: Nasa technology… and a prayer mat

The Timez5 physiological prayer mat is a Canadian product sourced from a complex domestic and global supply chain of high performance space age based materials.

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Opinion: Confusion between Means and Ends can Lead to Betrayal

| 18/10/2013 | Reply
Opinion: Confusion between Means and Ends can Lead to Betrayal

Over the time of the Eid al Ahda sacrifice, Dr Tariq Ramadan reflects on how blind adherence to the form can lead us to betray the substance of the Prophetic teaching.

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Opinion: Connecting Islamic liquidity with Halal opportunity

| 12/10/2013 | Reply
Opinion: Connecting Islamic liquidity with Halal opportunity

The Halal industry needs capital and the Islamic finance industry has surplus liquidity and limited investment opportunities; so why aren’t the two working together, asks Rushdi Siddiqui.

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Under-defined, Under-regulated, Under-served…but not Understood

| 11/10/2013 | Reply
Under-defined, Under-regulated, Under-served…but not Understood

The concept of the Islamic Economy is only now starting to take shape. It is full of big numbers, big opportunities, and big gaps in general perception. Dubai is hoping to change all that.

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Opinion: Expert gets behind Dubai’s push to become capital of Islamic economy

| 09/10/2013 | Reply
Opinion: Expert gets behind Dubai’s push to become capital of Islamic economy

Abdalhamid David Evans has been fronting a series of presentations involving the news organisation Thomson Reuters, the Dubai Chamber of Commerce and Industry and other stakeholders in the initiative.

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Halal Travel Market growth – the numbers don’t lie

| 07/10/2013 | Reply
Halal Travel Market growth – the numbers don’t lie

The global Muslim tourism market was worth $126 billion in 2011, representing 12.3% of the total global outbound tourism expenditure. This is set to grow to $192 Billion by 2020 representing 13.4% of the global expenditure.

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The travel genome in the DNA of Muslims

| 01/10/2013 | Reply
The travel genome in the DNA of Muslims

When it comes to travel, Muslims as a community are unique. From a very young age, they develop the lifelong desire to perform Hajj, which is to travel to Makkah in Saudi Arabia and perform a set of acts of worship.

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Opinion: Asian countries capture big revenues from Muslim tourists

| 29/09/2013 | Reply
Opinion: Asian countries capture big revenues from Muslim tourists

The move is part of a larger effort throughout Asian countries to capitalize on the growing Muslim middle class in a variety of Asian countries.

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All set for Global Islamic Economy Summit

| 29/09/2013 | Reply
All set for Global Islamic Economy Summit

The much-anticipated Global Islamic Economy Summit, or GIES 2013, under patronage of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has captured the world’s attention on the possible blueprint of an Islamic economy.

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On Track to an Islamic Economy

| 25/09/2013 | Reply
On Track to an Islamic Economy

The notion that Islamic Finance and the Halal food sector ‘belong together’ in a holistic rather than a circumstantial way, is starting to gain a bit of traction, not just on the conference circuit, but also around the tables where Big Decisions get made.

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10 reasons why travel is a key vertical in the Halal market space – part 1

| 24/09/2013 | Reply
10 reasons why travel is a key vertical in the Halal market space – part 1

There is no doubt that Halal/Muslim Travel market is an important area to be taken into account in any framework for building robust and sustainable economy drivers. This segment is not only a direct driver for economic growth, technological innovation, social enterprise, etc. but also is a strong catalyst for growth of other industries in the destinations.

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Dubai’s historic forays into Islamic Economy

| 16/09/2013 | Reply
Dubai’s historic forays into Islamic Economy

Dubai’s ambition to be the capital of the Islamic Economy is bigger than what most can fathom. The Islamic Economy is more than Islamic finance and halal chicken; it is a multi-billion dollar industry that will have a monumental impact on global trade.

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Opinion: World Halal Council Announces Gas Stunning Not Acceptable

| 13/09/2013 | Reply
Opinion: World Halal Council Announces Gas Stunning Not Acceptable

WHC members, an umbrella body of Halal Certifiers worldwide, unanimously decided that gas stunning of animals before slaughtering is unacceptable as it is a non islamic and cruel way of killing animals.

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Pakistan: Halal is where the money is!

| 12/09/2013 | Reply
Pakistan: Halal is where the money is!

Following the promise of Islamic finance, the Islamic meat market is growing at a promising rate. From negligible levels a decade and half ago, global Halal meat market currently stands close to $300 billion, according to most recent estimate by Halal Industry Research Center.

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UK and UAE complement each other on Islamic finance

| 12/09/2013 | Reply
UK and UAE complement each other on Islamic finance

Senior Minister of State at the UK’s Foreign and Commonwealth Office Baroness Warsi welcomed Dubai’s initiative to be the global centre of Islamic economy, saying that the two countries “absolutely” complement each other in this regard.

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Halal Food: Can Dubai Really Change the Menu?

| 12/09/2013 | Reply
Halal Food: Can Dubai Really Change the Menu?

It is a $685 billion market that cuts across geographic, cultural and even religious boundaries. Can Dubai step in and change the rules of the game?

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Opinion: Sustainable investing: Opportunity awaits Islamic finance industry

| 11/09/2013 | Reply
Opinion: Sustainable investing: Opportunity awaits Islamic finance industry

One would think that to strengthen their position in a market dominated by conventional finance, Islamic finance and SRI would be sharing their successes and failures, coming together for joint ventures, and supporting each other.

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UAE: Dubai focuses on Islamic finance as part of its economic diversification strategy

| 04/09/2013 | Reply
UAE: Dubai focuses on Islamic finance as part of its economic diversification strategy

Plans to establish Dubai’s credentials as a centre for Islamic finance took a step forward in July with the opening of a new academic institution to train professionals for employment in the sector.

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