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Category: Finance & Investment

UAE: Dubai Industrial City adds 158 new companies in 2013

| 19/03/2014 | Reply
UAE: Dubai Industrial City adds 158 new companies in 2013

Dubai Industrial City also includes the newly established Halal Cluster to support Dubai’s ambition to become the global capital of the Islamic economy.

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UK: ‘Halal hub’ for Hull?

| 19/03/2014 | Reply
UK:  ‘Halal hub’ for Hull?

A location for the centre has yet to be decided but it could be a major hub for imports into the UK and markets in Europe.

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China: Chinese, Malaysian companies sign cooperative agreements

| 11/03/2014 | Reply
China: Chinese, Malaysian companies sign cooperative agreements

According to statistics, the development of Chinese Halal industries around the world is not so optimistic.

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Opinion: DinarStandard supports Dubai as Islamic Economy Capital

| 10/03/2014 | Reply
Opinion: DinarStandard supports Dubai as Islamic Economy Capital

In an exclusive interview with Rafi-uddin Shikoh, founder and CEO of DinarStandard, we meet the man who established a successful research and advisory firm.

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UAE hypermart chain Lulu to open 10 halal outlets in Malaysia

| 06/03/2014 | Reply
UAE hypermart chain Lulu to open 10 halal outlets in Malaysia

Datuk Seri Najib Razak announced today that United Arab Emirate-based hypermarket Lulu will open up 10 outlets in Malaysia selling only halal products.

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Turkey’s Agribusiness Attracts GCC Investors

| 05/03/2014 | Reply
Turkey’s Agribusiness Attracts GCC Investors

In early December 2013, Dubai-based private equity firm the Abraaj Group acquired an 80% stake in leading Turkish dairy company Yörsan. This was followed in January with news that Bahrain’s Investcorp had purchased a stake in Turkish meat product Namet.

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UAE: Islamic Development Bank will issue Sukuk worth one $1 billion

| 27/02/2014 | Reply
UAE:   Islamic Development Bank will issue Sukuk worth one $1 billion

Shaikh Hamdan emphasised the importance of supporting Dubai’s initiative as the capital of Islamic economy and highlighted IDB’s position as a strategic partner.

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Morocco aims to attract more investment from Gulf states

| 25/02/2014 | Reply
Morocco aims to attract more investment from Gulf states

“Morocco is a platform for Europe, Middle East, Africa and ideally situated as an export platform for the EU market, US East Coast and other markets.”

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Halal sectors should not look to Islamic finance’s laissez faire sharia model

| 18/02/2014 | Reply
Halal sectors should not look to Islamic finance’s laissez faire sharia model

Kuwait Central bank governor points out the systemic weaknesses in Islamic Finance’s supervisory structures, and advises other Halal sectors not to copy them.

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Opinion: Challenges for private equity in Halal industry

| 09/02/2014 | Reply
Opinion: Challenges for private equity in Halal industry

The challenge comes down to integrity risks. We need to start the process of owning the halal-agro-food supply chain.

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Opinion: Welcome to the Halal economy

| 06/02/2014 | Reply
Opinion: Welcome to the Halal economy

Dubai now sees a much larger story unfolding, which goes well beyond the boundaries of mere Islamic banking or finance.

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Malaysia needs ‘Islamic economy’ to avoid stagnation

| 06/02/2014 | Reply
Malaysia needs ‘Islamic economy’ to avoid stagnation

Malaysia should develop a strong Islamic economic system to beef up its leading role in Islamic banking and finance, says IFBIM CEO.

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UK firm eyes trade finance for Halal sector

| 04/02/2014 | Reply
UK firm eyes trade finance for Halal sector

Umex will offer its Islamic trade finance service, called Umex Trade Bridge, first in Britain followed by other European markets.

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Brazil’s first Shari’ah compliant livestock finance programme

| 21/01/2014 | Reply
Brazil’s first Shari’ah compliant livestock finance programme

Brazil’s first Shari’ah-compliant livestock finance programme of $25 million, to fund fattening of 70,000 cattle heads initiated.

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Opinion: What the ‘Islamic Economy’ Means for Islamic Finance

| 15/01/2014 | Reply
Opinion: What the ‘Islamic Economy’ Means for Islamic Finance

Dubai would like to create certified standards for a variety of industries. To do this with Islamic finance, AAOIFI-compliance will be a key component.

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Malaysia: Kellogg to build RM425m halal plant

| 13/01/2014 | Reply
Malaysia: Kellogg to build RM425m halal plant

US food manufacturer Kellogg Co or Kellogg’s is building a US$130 million (RM425.1 million) Halal facility in Malaysia.

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Bahrain: Investcorp Acquires Minority Stake In Turkish Food Producer

| 09/01/2014 | Reply
Bahrain: Investcorp Acquires Minority Stake In Turkish Food Producer

Namet is a major Turkish producer of fresh cut and packaged processed red meat. All of its products are certified halal.

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Opinion: Islamic economy – leap of faith

| 09/01/2014 | Reply
Opinion: Islamic economy – leap of faith

The Islamic economy is rising rapidly as a major economic paradigm driving growth in the post-crisis world.

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Dubai: Noor Islamic Bank Rebrands

| 08/01/2014 | Reply
Dubai: Noor Islamic Bank Rebrands

Dubai-based Noor Islamic Bank has rebranded itself, removing the Islamic from its name. The lender, now called Noor Bank, will continue to offer shari’a compliant products.

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Opinion: Moving on to the next level in the new year

| 27/12/2013 | Reply
Opinion:  Moving on to the next level in the new year

We, in Islamic finance and the halal industry, have control of some aspects of our destiny, others we hope we have control over, and, still others, we can only say “Insha’llah”.

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