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Category: Finance & Investment

Malaysia: Duopharma, KPJ collaborate for halal pharmaceuticals

| 21/12/2019
Malaysia: Duopharma, KPJ collaborate for halal pharmaceuticals

Duopharma Biotech, formerly known as CCM Duopharma Biotech Bhd, signed this collaboration during the unveiling of its new corporate logo and name at an external rebranding launch.

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Top Trends: The Top 10 APAC trends stories of 2019 revealed

| 16/12/2019
Top Trends: The Top 10 APAC trends stories of 2019 revealed

The top 10 most-read APAC food and beverage market and trend stories of 2019 include the new Halal Blockchain traceability tool touted as a supply chain ‘gamechanger’.

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Qatar to host 14th World Islamic Economic Forum in 2020

| 14/12/2019
Qatar to host 14th World Islamic Economic Forum in 2020

The Forum aims to enhance the economic well-being of Islamic peoples and communities in different countries of the world by expanding the movement of trade and investment exchanges among them.

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Indonesia encourages sharia economy to boost SMEs

| 07/12/2019
Indonesia encourages sharia economy to boost SMEs

Indonesian Vice President Ma’ruf Amin discusses a wide range of topics – domestic, international, and economic – and said that his country plans to pay more attention to Halal tourism.

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Indonesia: Social commerce startup Evermos brings Halal products into Indonesia, grabs US$8.25M Series

| 06/12/2019
Indonesia: Social commerce startup Evermos brings Halal products into Indonesia, grabs US$8.25M Series

The startup plans to use the funds to expand its presence in the digital Islamic economy ecosystem, accelerate growth by focusing on further collaborations with local brands and organisations.

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Turkey, Malaysia, Qatar can pioneer in Islamic Finance

| 04/12/2019
Turkey, Malaysia, Qatar can pioneer in Islamic Finance

Touching on Turkey’s Istanbul Finance Center project, expected to be completed in 2022, Al-Jaida expressed optimism in the center’s potential.

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Saudi Arabia assumes 2020 G20 Presidency

| 04/12/2019
Saudi Arabia assumes 2020 G20 Presidency

The Kingdom has extended invitations to the Hashemite Kingdom of Jordan, the Republic of Singapore, the Kingdom of Spain and the Swiss Confederation.

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Malaysia: CIMB Islamic provides RM100m financing for SMEs to achieve halal status

| 28/11/2019
Malaysia: CIMB Islamic provides RM100m financing for SMEs to achieve halal status

HalalBizReady is part of CIMB’s refreshed SME proposition’s suite of solutions that comprises three main pillars including SME Transact, SME Financing and collaborations via industry SME Partners.

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UAE: DIEDC expands network of strategic partners in Indonesia

| 27/11/2019
UAE: DIEDC expands network of strategic partners in Indonesia

Dubai Islamic Economy Development Centre (DIEDC) signed two Memorandums of Understanding (MoU) with Indonesia Halal Lifestyle Center (IHLC) and the National Islamic Finance Committee (KNKS).

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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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