Category: Finance & Investment

Kenya: Sh350 million halal abattoir in Nairobi

| 05/10/2015 | Reply
Kenya: Sh350 million halal abattoir in Nairobi

More than 3,000 small scale farmers from Narok, Kajiado, Samburu and Isiolo counties raised the cash and built Halal Slaughterhouse.

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UAE: State of the Global Islamic Economy Report 2015-2016

| 28/09/2015 | Reply
UAE: State of the Global Islamic Economy Report 2015-2016

Four Islamic countries, Malaysia, KSA, UAE and Bahrain, have received top rankings as the healthiest Islamic economy environments worldwide.

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UAE: Need to adopt global standards for Islamic Economy

| 21/09/2015 | Reply
UAE: Need to adopt global standards for Islamic Economy

The adoption of globally accepted standards for different Islamic economy jurisdictions will not only benefit the producers, but will also enhance trade.

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Brunei Darussalam’s halal industry generating investor appetite

| 15/09/2015 | Reply
Brunei Darussalam’s halal industry generating investor appetite

Brunei Darussalam’s halal sector has the potential to become a cornerstone of the Sultanate’s diversification efforts.

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Canada: Halal chain eyes possible NYS expansion

| 15/09/2015 | Reply
Canada: Halal chain eyes possible NYS expansion

Paramount currently has 19 restaurants, called Halal, with immediate plans to open another eight locations.

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Oman, Bahrain ‘most affected’ by oil price slump

| 14/09/2015 | Reply
Oman, Bahrain ‘most affected’ by oil price slump

The UAE’s economy is one of the most diversified among the GCC countries, making it resilient to falling oil prices.

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Indonesia lists world’s biggest sukuk in Dubai

| 14/09/2015 | Reply
Indonesia lists world’s biggest sukuk in Dubai

Indonesia listed four sukuk valued at Dh22 billion as Dubai further reinforced its position as the world’s leading hub for Islamic economy.

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UAE: Tawreeq Holdings offering Shariah Compliant financing for SMEs

| 14/09/2015 | Reply
UAE: Tawreeq Holdings offering Shariah Compliant financing for SMEs

Sharia-compliant supply chain finance innovator aims to facilitate $500 million in funding for SMEs and corporates over next 18 months.

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Trade and Investment Continue to Grow in Brunei’s Halal Market

| 09/09/2015 | Reply
Trade and Investment Continue to Grow in Brunei’s Halal Market

After the development of Brunei Halal brand, another initiative is the Halal themed industrial park of 500 hectares, specifically developed for Halal certified products and related products.

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Thailand: TUF joins forces with Saudi food firm Savola

| 09/09/2015 | Reply
Thailand: TUF joins forces with Saudi food firm Savola

HAI UNION Frozen Products (TUF), the world’s leading seafood processor, and Savola Foods Company, one of the largest food companies in the Middle East, have announced a joint venture.

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Dubai Exports sharpens focus on fast-growing East African markets

| 03/09/2015 | Reply
Dubai Exports sharpens focus on fast-growing East African markets

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Engineer Saed Al Awadi, Chief Executive Officer of Dubai Exports
Engineer Saed Al Awadi, Chief Executive Officer of Dubai Exports

A trade mission went to Kenya in a bid to further strengthen bilateral exchanges and connect more and more UAE businesses to the promising East African markets.

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USA: American Halal acquires Mediterranean Snack Foods

| 24/08/2015 | Reply
USA: American Halal acquires Mediterranean Snack Foods

American Halal Co., Inc., parent company of Saffron Road, has acquired Mediterranean Snack Foods Co., L.L.C.

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USA: First Crowd Based Online TV for Islamic Finance & Halal Sectors

| 23/08/2015 | Reply
USA: First Crowd Based Online TV for Islamic Finance & Halal Sectors

With IECON TV, stakeholders in Islamic Finance and Halal industries will have an easily accessible reference point.

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Understanding Standards in the Islamic Economy

| 20/08/2015 | Reply
Understanding Standards in the Islamic Economy

This 40-page report gives a thorough and insightful look at the increasingly influential role that standards development, and the associated authorities that develop and enforce them, are likely to have in the various Islamic Economy Sectors.

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‘State of the Global Islamic Economy’ Report and Indicator 2015-2016 highlight growth milestones

| 10/08/2015 | Reply
‘State of the Global Islamic Economy’ Report and Indicator 2015-2016 highlight growth milestones

The indicator is a composite index that presents the current outlook of the Islamic economy sectors across 70 countries.

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Malaysia: HDC Eyes Doubling Halal Product Exporters

| 16/07/2015 | Reply
Malaysia: HDC Eyes Doubling Halal Product Exporters

For the first quarter of 2015, the HDC registered an export value of RM10.81 billion, a 17.74 per cent improvement over the RM9.18 billion posted in the same period of last year.

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Malaysia Islamic Finance Report 2015

| 02/07/2015 | Reply
Malaysia Islamic Finance Report 2015

A strategic partnership with CIMB Islamic, Thomson Reuters, Islamic Research and Training Institute (IRTI) and the General Council for Islamic Banks and Financial Institutions (CIBAFI).

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Hungary eyes Saudi market with setup of Halal slaughterhouses

| 29/06/2015 | Reply
Hungary eyes Saudi market with setup of Halal slaughterhouses

Levente Magyar, minister of state for economic diplomacy at the Ministry of Foreign Affairs and Trade, said Hungary has a $130 billion food products market.

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UAE’s Trussbridge invests in Canadian food producer

| 28/06/2015 | Reply
UAE’s Trussbridge invests in Canadian food producer

A consortium of investors from the Middle East acquired a majority stake in La Maison Cannelle, a Canadian food producer and will invest in expansion and organic growth.

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Pakistan: Industry baffled over tax exemption measure for Halal meat

| 28/06/2015 | Reply
Pakistan: Industry baffled over tax exemption measure for Halal meat

The local meat industry said the country has always been producing Halal meat and will only serve the interest of those those that are about to commence production.

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