Category: Islamic Economy
UAE: Dubai to get International Centre for Halal Products by 2014
The Dubai Chamber and Thomson Reuters are also organising the Global Islamic Economy Summit being held on November 25-26, 2013. A team has been assigned to work on Islamic economy studies.
Malaysia: CIMB Islamic Receives Loan Applications Worth RM100 Million At Halfest 2013
Applications and leads came from SME entrepreneurs across businesses such as food and beverages, pharmaceuticals and perfumeries.
Malaysia: F&N to double dairy exports to RM400m in 5 years
“Our strategic location within the Selangor Halal Hub will also provide additional thrust to widen our penetration to the global halal markets, which offers exponential growth opportunities with its two billion consumers.”
UAE: Dubai close to launching Halal certification
Islamic economic experts said a halal certification stemming from Dubai would have a greater effect on global halal trade than existing regulations, which have limited enforceability.
Shekra gets crowdfunding for Arab SME’s off the ground
INJAZ Al-Arab has signed an MoU with Shekra, a crowd funding solution in Egypt supporting startups education, legalities, funding, mentoring, and monitoring processes, to provide additional funding for MENA start-up companies through crowdfunding.
UAE: Dubai official says more hotels becoming “alcohol-free”
Hotels are increasingly choosing to become alcohol-free zones in a bid to tap into the growing, and often lucrative, Islamic market, Dubai Chamber of Commerce and Industry president and CEO Hamad Buamim said.
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.
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.
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.
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.
Opinion: Promoting the origination of Islamic Assets
An exclusive interview with Yavar Moini, head of Islamic Finance at M Capital Group, a merchant banking group, and formerly ran Morgan Stanley’s global Islamic Finance business regarding ‘Dubai the Centre of Islamic Economy’.
Dubai: ‘Islamic Economy Award’ launch in November
The launch of the “Islamic Economy Award” is part of the upcoming Global Islamic Economy Summit in Dubai in November, under directive of His Highness Sheikh Mohammad Bin Rashid Al Maktoum and Sheikh Hamdan Bin Mohammad Bin Rashid Al Maktoum.
UAE falafel chain to IPO on Nasdeq Dubai
Just Falafel, a United Arab Emirates-based franchise restaurant offering the traditional Arab food, has hired an advisor to help arrange an initial public offer of shares on the Nasdaq Dubai bourse as soon as October.
UK: London steps up Islamic finance ambitions
Britain is encouraging banks through a task force to establish sharia-compliant products, aiming to position London as a Western hub for a fast-growing Islamic finance sector that is expected to reach $2.6 trillion by 2017.
UAE: European Halal foods firm moves to Dubai
Dubai FDI, the foreign investment office in the Department of Economic Development (DED), along with the Austria Business Center has facilitated the successful establishment of a European Halal foods company in Dubai.
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.
Dubai: Global Islamic Economy Summit Open for Registration
Summit is in line with the launch of ‘Dubai: Capital of Islamic Economy’ by His Highness Sheikh Mohammed Bin Rashid Al Maktoum. It will be held at the Madinat Jumeirah in Dubai on November 25 and 26, 2013.
Turkey: Islamic finance may reconstruct MidEast
President of the Global University for Islamic Finance (INCEIF) Daud Vicary Abdullah has said, “I don’t think [the crisis] will make too much impact on Islamic finance. Rather it can be seen as an aspect for reconstruction.”
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.
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?
