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Category: Finance & Investment

Indonesia: Moderland Develop Halal Project with Barakah Taiwan Halal Hub, Local Sharia Bank

| 17/11/2019
Indonesia: Moderland Develop Halal Project with Barakah Taiwan Halal Hub, Local Sharia Bank

The four local banks, namely PT Bank Mandiri Syariah, PT BRI Syariah, PT BNI Syariah and PT Bank Muamalat Indonesia prepared funds Rp2.1 trillion (US$150 million) to develop the areas.

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UAE: Global Launch of the State of the Islamic Economy Report 2019/20

| 11/11/2019
UAE: Global Launch of the State of the Islamic Economy Report 2019/20

DinarStandard said halal products attracted the lion’s share of investments, accounting for 54% of deal value, followed by Islamic finance at 42% and 4% in Islamic lifestyle, mainly in modest fashion and Muslim-friendly tourism.

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Malaysian Official Urges Making Islamic Finance Part of Halal Ecosystem

| 05/11/2019
Malaysian Official Urges Making Islamic Finance Part of Halal Ecosystem

“With better financing, I believe that more industry players will be encouraged to expand their product lines to include halal-certified products,” DPM Wan Azizah Wan Ismail said.

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Malaysia: Halal start-ups, SMEs can’t fully enter global market without Islamic financing

| 05/11/2019
Malaysia: Halal start-ups, SMEs can’t fully enter global market without Islamic financing

DPM Dr Wan Azizah said better financing will also give existing players a clearer direction for developing strategies in remaining competitive, as well as to meet challenges.

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China keen to invest in Pakistan’s Halal meat industry

| 04/11/2019
China keen to invest in Pakistan’s Halal meat industry

Leader of a Chinese delegation Zhu Maa has shown interest in investing in Halal meat industry in Pakistan and exporting it to China and Middle Eastern countries.

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Malaysia: CIMB Wants A Bigger Bite Of Singapore SME Banking Share

| 03/11/2019
Malaysia: CIMB Wants A Bigger Bite Of Singapore SME Banking Share

China’s halal sector is expected to reach $1.9 trillion by 2021, and there is a potential customer base of 266 million in ASEAN and China.

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Wahed Invest Launches in Malaysia

| 31/10/2019
Wahed Invest Launches in Malaysia

Wahed Invest announced the launch of Malaysia’s first Islamic digital investment platform.

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Brazil’s BRF to invest $120 mln in Saudi chicken processing plant

| 31/10/2019
Brazil’s BRF to invest $120 mln in Saudi chicken processing plant

The company, the largest food exporter in the Gulf region, has four production facilities in the Middle East, where increasing populations will lift demand for food.

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Egyptian companies to invest $1b in Pakistan: report

| 25/10/2019
Egyptian companies to invest $1b in Pakistan: report

Yacoub said representatives of these Egyptian companies met with Prime Minister Imran Khan, members of his cabinet and state functionaries.

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Malaysia: CIMB Wants A Bigger Bite Of Singapore SME Banking Share

| 21/10/2019
Malaysia: CIMB Wants A Bigger Bite Of Singapore SME Banking Share

While CIMB is evaluating an application for the digital banking licenses that are up for grabs in Singapore, Yong is against the idea of pursuing the license just for the sake of it.

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UAE: Dubai Islamic Economy Development Centre tracks progress of its 2017-2020 Strategy

| 04/10/2019
UAE: Dubai Islamic Economy Development Centre tracks progress of its 2017-2020 Strategy

Dinar Standard plans to launch the updated version of Salaam Gateway this October in partnership with the DIEDC.

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Malaysia: Bank Negara deputy governor tells entrepreneurs to empower their businesses

| 04/10/2019
Malaysia: Bank Negara deputy governor tells entrepreneurs to empower their businesses

Entrepreneurs are urged to take advantage of the growing halal industry by empowering their businesses through various Islamic finance solutions.

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Billions of dollars being invested in India for UAE food supply chain security

| 26/09/2019
Billions of dollars being invested in India for UAE food supply chain security

Emaar Group plan to invest up to US $5 billion in mega food parks and similar facilities in various Indian cities.

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Indonesian delegation visits Dubai to learn about Islamic economy system in UAE

| 24/09/2019
Indonesian delegation visits Dubai to learn about Islamic economy system in UAE

DIEDC, has received a senior financial delegation from Indonesia that aimed to learn about the Islamic economy system in the UAE.

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Delegation from Saudi Arabia to participate at Sarajevo Halal Fair

| 23/09/2019
Delegation from Saudi Arabia to participate at Sarajevo Halal Fair

The Islamic Development Bank, one of the largest multilateral financial institutions in the world, has established the THIQAH Business Forum.

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Indonesia 4.0: Food industry tech and innovation to play ‘huge’ role in country

| 23/09/2019
Indonesia 4.0: Food industry tech and innovation to play ‘huge’ role in country

The F&B industry will be a key driver of the country’s economic development, especially in terms of processed food and beverage products.

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Kazakhstan keen to tap Malaysia’s expertise

| 11/09/2019
Kazakhstan keen to tap Malaysia’s expertise

The Republic of Kazakhstan is looking at Malaysia for assistance and expertise in developing and standardising its halal food service industry.

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Malaysia, Turkey to boost bilateral trade to US$5b over next five years

| 11/09/2019
Malaysia, Turkey to boost bilateral trade to US$5b over next five years

Malaysia and Turkey are working on widening the trade relationship in areas such as defence, technology, food and services, as well as electronics.

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Opinion: Natural Allies – Halal Food and Islamic Finance

| 08/09/2019
Opinion: Natural Allies – Halal Food and Islamic Finance

This article was originally written for The Halal Journal Magazine, published in Malaysia by KasehDia, in October 2006, by the late Hajj Abdalhamid David Evans. Have things changed??

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U.S. PE firm Frost Capital acquires Affinis Labs in $8 mln deal

| 07/09/2019
U.S. PE firm Frost Capital acquires Affinis Labs in $8 mln deal

The two companies said in a statement that the acquisition will enable Affinis Labs to “extend its offerings to disadvantaged communities and new regional markets around the world”.

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