Category: Finance & Investment

Opinion: Key areas in Islamic Finance and the Halal Industry

| 29/06/2013 | 1 Reply
Opinion: Key areas in Islamic Finance and the Halal Industry

Islamic Finance and the Halal Industry need to be part of the everyday conversation in Malaysia. The 20% of Malaysian Islamic banking assets is a solid foundation for building the next 20% in half the time.

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Opinion: Uniting Islamic Finance and Halal at conferences

| 19/06/2013 | 1 Reply
Opinion: Uniting Islamic Finance and Halal at conferences

One of the interesting developments in the Islamic finance conferencing arena has been the introduction of topical issues from the $2.1 trillion Halal industry. Is it because there is no ‘new new’ in Islamic finance?

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Dubai Exports promotes Dubai’s expertise in Islamic economy to Canadian firms

| 16/06/2013 | Reply
Dubai Exports promotes Dubai’s expertise in Islamic economy to Canadian firms

The seminars were part of Dubai Exports’ activities to promote the service sector in the emirate to global markets and follow on from similar activities conducted in Australia, Indonesia, France and Germany.

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Malaysia: Utilise Tekun Nasional Loans To Produce More Halal Food Products

| 14/06/2013 | Reply
Malaysia: Utilise Tekun Nasional Loans To Produce More Halal Food Products

Entrepreneurs involved in the production of Agro-based products must take advantage of loans and facilities offered by Tekun Nasional to increase their production of halal food products says Agriculture and Agro-based Industry Minister.

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UAE- Islamic Economy Higher Committee tackles plans

| 10/06/2013 | Reply
UAE- Islamic Economy Higher Committee tackles plans

The initiative to transform Dubai into the world’s capital of the Islamic economy is progressing steadily with confidence towards the goals as scheduled.

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Malaysia: Sarawak to receive high-level Qatari delegation

| 10/06/2013 | Reply
Malaysia: Sarawak to receive high-level Qatari delegation

This week, Sarawak gets put into the spotlight as business titans from Qatar representing institutional investment bodies, halal food industries and Islamic finance descend upon Kuching.

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Opinion: The Halal economy

| 02/06/2013 | Reply
Opinion: The Halal economy

The Islamic economy used to be thought of as exclusively associated with financial institutions implementing systems and laws that adhere to Islamic Shari’a law. The concept, however, gradually developed to include other sectors.

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USA: Is the government helping speculators manipulate grain futures?

| 28/05/2013 | Reply
USA: Is the government helping speculators manipulate grain futures?

For anyone interested in the issue of food commodity speculation, prohibited in Islam, this long article about the latest changes in commodity trading rules will be of interest.

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Opinion: Pope Francis calls for ethical financial and economic reform

| 17/05/2013 | Reply
Opinion: Pope Francis calls for ethical financial and economic reform

In one of his most outspoken comments since his election two months ago, Pope Francis has called for worldwide “financial reform along ethical lines” which would curb the “tyranny” of “markets and financial speculation”.

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Kuwaiti Official hails Mohammed bin Rashid’s initiative “Dubai: Capital of Islamic Economy”

| 06/05/2013 | Reply
Kuwaiti Official hails Mohammed bin Rashid’s initiative “Dubai: Capital of Islamic Economy”

The initiative known as “Dubai: Capital of Islamic Economy” was announced in January 2013 by Sheikh Mohammad bin Rashid. It aims at further diversifying Dubai’s economy and boosting Islamic economy.

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London and Dubai want Islamic finance crown

| 01/05/2013 | 1 Reply
London and Dubai want Islamic finance crown

Dubai set out in January its plans to become the “capital” of the Islamic industry, with global rules to enforce standards on industries as diverse as Sharia finance, halal food, pharmaceuticals and cosmetics, and charitable endowments.

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Opinion: Imams – The missing stakeholders in Islamic finance

| 12/04/2013 | Reply
Opinion: Imams – The missing stakeholders in Islamic finance

Imams may have heard of the Shariah scholars, but the opportunity for interactions with the latter is minimal, if at all, hence they do not “blind-faith” endorse products signed off by them.

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Malaysia: Nestle’s new plant to boost competitive edge

| 10/04/2013 | Reply
Malaysia: Nestle’s new plant to boost competitive edge

Nestle Malaysia is the centre of halal expertise in the world, exporting to 50 countries because Malaysia’s Halal certification by Jakim is recognised around the globe. Nestle sees Malaysia as a manufacturing hub.

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Saudi Arabia: Savola buys strategic stake in subsidiaries

| 09/04/2013 | Reply
Saudi Arabia: Savola buys strategic stake in subsidiaries

The Saudi Arabia-based food conglomerate, has entered into a deal with Dammam-based Al-Muhaidib Holding Company, a key player in the kingdom’s food distribution sector, to acquire a 10 per cent stake in its subsidiary Savola Foods Company.

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Malaysia ‘on track’ to fully develop halal industry valued at RM7.2b

| 05/04/2013 | Reply
Malaysia ‘on track’ to fully develop halal industry valued at RM7.2b

Minister for International Trade and Industry (MITI) Datuk Seri Mustapa Mohamed said the government will push the momentum with focus on pharmaceuticals and Islamic banking.

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Malaysia: Badawi to launch $500m global halal fund

| 03/04/2013 | Reply
Malaysia: Badawi to launch $500m global halal fund

“The Halal Opportunities Fund is the first opportunity for investors and policymakers to take concrete steps toward securing the integrity of their food supply,” remarked Rushdi Siddiqui, the co-founder and managing director of Azka Capital.

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Malaysia: Abdullah reveals plans for US$500m private equity fund

| 03/04/2013 | Reply
Malaysia: Abdullah reveals plans for US$500m private equity fund

Former Prime Minister Tun Abdullah Ahmad Badawi revealed today plans for a US$500 million (RM1.5 billion) private equity fund to focus on global opportunities in the halal industry. The fund will be raised in stages over the next three years by Azka Capital.

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Saudi dairy firm Almarai sells $347m sukuk

| 02/04/2013 | Reply
Saudi dairy firm Almarai sells $347m sukuk

The issue, which has a floating interest rate, attracted orders worth SAR2.4bn from institutional investors inside Saudi Arabia, the statement said. The interest rate was not specified.

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Malaysia: HDC Expects Investments Of RM1 Billion In Halal Parks This Year

| 25/03/2013 | Reply
Malaysia:  HDC Expects Investments Of RM1 Billion In Halal Parks This Year

Currently there are 24 halal parks located throughout the country, of which 13 were awarded Halmas status. HDC accords the Halmas status to halal park operators who comply with requirements under the HDC Designated Halal Park Development Guidelines.

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Malaysia: Halal Industry Fund for SMEs to improve halal products

| 22/03/2013 | Reply
Malaysia: Halal Industry Fund for SMEs to improve halal products

SME Bank has been one of the driving forces behind Malaysian small and medium enterprises (SMEs) to tap into the growing global appetite for halal products. SME Bank recently announced another RM200 million under its Halal Industry Fund, that is available for SMEs.

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