Category: Finance & Investment

Natural Allies – Halal Food and Islamic Finance

| 31/12/2009 | Reply
Natural Allies – Halal Food and Islamic Finance

The rapid growth of Islamic banking – not only in countries like Malaysia, Bahrain and Singapore, but also the UK and elsewhere – and the emerging global market for Halal products and services represent the tip of the iceberg of the impact of Islam on commerce, a convergence which we believe is destined to be one of the defining factors of the coming decade.

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Know What Is Direct Selling To Avoid Being Cheated

| 30/12/2009 | Reply
Know What Is Direct Selling To Avoid Being Cheated

The Direct Sales Association of Malaysia(DSAM) reported that in
2008 the direct selling industry was worth RM5.6 billion with RM3.15
billion being contributed by 55 multinational and local companies who
are members of DSAM. Malaysian consumers may have come across direct selling schemes
involving health supplements, cosmetics and body trimming pills and
their success is often attributed to the direct promotion and
satisfactory services. However, there are many instances where the direct selling strategy is used
as a ploy to recruit or sponsor members, hence giving rise to Multi
Level Marketing (MLM).

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Islamic Insurer Closes

| 23/11/2009 | Reply
Islamic Insurer Closes

The first Islamic insurer to be based in the UK has closed its books.

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Pakistan Offers Opportunities for Malaysian Investors

| 19/11/2009 | Reply
Pakistan Offers Opportunities for Malaysian Investors

There
are many opportunities for bilateral cooperation between Pakistan and
Malaysia, says Pakistan’s Federal Secretary of the Investment Ministry,
Tariq Puri. Malaysian investors do not need to fear on investing in Pakistan as the
country provides one of the best investment-friendly regimes in the
world, Puri said in a statement Thursday.

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CIMB Islamic To Invest RM1.5 Billion In Halal Industry Players

| 17/11/2009 | Reply
CIMB Islamic To Invest RM1.5 Billion In Halal Industry Players

Kuala Lumpur: CIMB Islamic Bank Bhd is prepared to invest RM1.5 billion
in a move to help small and medium enterprises (SMEs) in the halal
industry.

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MITI Okays Grants, Loans Worth RM1.06 Billion For SMEs

| 07/11/2009 | Reply
MITI Okays Grants, Loans Worth RM1.06 Billion For SMEs

KOTA KINABALU – Grants and loans worth
RM1.06 billion have been approved to 25,549 entrepreneurs engaged in
small and medium enterprises (SMEs) as of Sept 30. The Government is committed in boosting awareness
among the people on the global halal industry ensuring the
industry’s continued growth.

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Turkey’s Asya Bank Seeks Malaysia’s Cooperation In Islamic Finance

| 03/11/2009 | Reply
Turkey’s Asya Bank Seeks Malaysia’s Cooperation In Islamic Finance

One of Turkey’s biggest
financial institutions, the Asya Bank, has indicated an interest in
forging cooperation with Islamic banks in Malaysia, namely Maybank Bhd
and CIMB Bank. The aim is to establish an Islamic Bank in Turkey.

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France Adjusts Laws To Allow Islamic Banking

| 14/10/2009 | Reply
France Adjusts Laws To Allow Islamic Banking

The French government
wants to make Paris the world capital of Islamic investment as it looks
for new sources of cash to battle the credit crisis. But even with the
economic downturn, the campaign is raising some hackles.

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The power of mobile money

| 24/09/2009 | Reply
The power of mobile money

With the proliferation of mobile phones all over the world, and 75% of them in the developing world, a new phenomenon has appeared: mobile money. By far the
most successful example of mobile money is M-PESA, launched in 2007 by
Safaricom of Kenya. It now has nearly 7m users—not bad for a country of
38m people, 18.3m of whom have mobile phones. M-PESA first became
popular as a way for young, male urban migrants to send money back to
their families in the countryside. It is now used to pay for everything
from school fees (no need to queue up at the bank every month to hand
over a wad of bills) to taxis (drivers like it because they are
carrying around less cash). Similar schemes are popular in the
Philippines and South Africa.

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"The financial crisis is not in the slightest bit surprising"

| 12/09/2009 | Reply
"The financial crisis is not in the slightest bit surprising"

A fascinating interview with German lawyer and philosopher AbuBakr Rieger on the root causes of the economic melt-down and the important role that Islam has to play in bringing a return to balance and sanity in the financial arenas.

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IDB Gives Nod To Brunei Leadership Role In Islamic Finance

| 07/09/2009 | Reply
IDB Gives Nod To Brunei Leadership Role In Islamic Finance

Bandar Seri Begawan – Bank Islam Brunei – Darussalam’s (BIBD)
appointment as one of the co-lead managers for the Islamic Development
Bank’s (IDB) upcoming US$1.5 billion sukuk issue gives a nod to
Brunei’s leadership role in Islamic finance and the application of
syariah-compliant instruments. The bank was mandated alongside BNP Paribas, CIMB, Deutsche Bank and
HSBC last July for the IDB’s latest sukuk offering, which will have a
three-to five-year maturity date to be decided and a price to be
announced, depending on the investor base.

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How to Make Socially Responsible Investments Pay Off

| 31/08/2009 | Reply
How to Make Socially Responsible Investments Pay Off

As the notions of CSR and Halal continue to converge, read this thought-provoking article from the CEO of Timberland. While consumers call for more socially responsible business practices, shareholders and investors still don’t seem to care. Where are the really socially responsible investors? asks Swartz. Similarly in the Halal sector, the market is expanding exponentially, the consumers are vastly under-served, and yet where is the investment money, particularly from the Muslim world? They can’t all still be looking at real estate and football clubs…or can they?

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Muslim business owners to be offered Halal insurance

| 23/08/2009 | Reply
Muslim business owners to be offered Halal insurance

UK muslims who own their own businesses will be able to take out business insurance compatible with their faith from next year. Salaam Halal Insurance, the UK’s first standalone Islamic insurance
company plans to launch a range of commercial lines products in the
first quarter of 2010.

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RP in initial talks with Kuwait, Brunei on Halal exports

| 27/07/2009 | Reply
RP in initial talks with Kuwait, Brunei on Halal exports

The Philippines has held discussions with
Kuwait and Brunei on possible investment opportunities in the domestic
Halal sector, particularly in Mindanao, which has a comparative edge
over other countries in the region because it is free of the
foot-and-mouth disease (FMD) and the avian influenza (AI) or bird flu
virus.

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Malaysia Well Positioned To Provide Islamic Banking Services In Europe

| 13/07/2009 | Reply
Malaysia Well Positioned To Provide Islamic Banking Services In Europe

Malaysia, recognised
internationally for its vast experience in Islamic finance, is well
positioned to provide services and facilities related to Islamic
banking in Europe.




“This is a potential area that we have yet to develop with Europe.
We need to move away from the thinking that Islamic banking must only
be in the Middle East or among Arab, muslim countries,” said Malaysia’s
ambassador to Brussels, Datuk Hussein Hanif.

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Halal profits with Islamic Bank of Britain

| 04/07/2009 | Reply
Halal profits with Islamic Bank of Britain

Islamic Bank of Britain has announced it has enhanced its popular
Sharia’a compliant fixed term deposit account by allowing savers to
take 18 or 24 month terms and earn halal profit as a quarterly income.

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Halal Hub Investors Waiting For Incentives

| 24/06/2009 | Reply
Halal Hub Investors Waiting For Incentives

Malaysia,– Potential investors in Selangor Halal Hub in
Pulau Indah, Port Klang are waiting for the types of incentives to be
offered by the state government.

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A Trillion Dollar Halal Business

| 20/06/2009 | Reply
A Trillion Dollar Halal Business

Riaz Haq June 17, 2009 For a long time, halal simply meant buying meat from a halal butcher, who slaughtered in accordance with Islamic principles. But the halal food market has exploded in the past decade and is now worth an estimated $632 billion annually, according to the Halal Journal, a Kuala Lumpur-based magazine. That’s […]

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European Companies Urged To Exploit Opportunities In Malaysia

| 28/04/2009 | Reply
European Companies Urged To Exploit Opportunities In Malaysia

Malaysia’s International Trade and Industry Minister Datuk Mustapa Mohamed, in a keynote address at the Seminar on Trade and Investment
Opportunities in Malaysia, said that UK importers should look into sourcing higher value-added
products from Malaysia and a wide variety of quality halal products and
services available in Malaysia.

“There is huge potential for growth in the halal market when one
considers that the wholesome, hygienic and contamination-free
principles associated with halal products and services also make them
appealing to non-Muslims,” he said.

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Saudi-Phillipine food production joint ventures in the cards

| 27/04/2009 | Reply
Saudi-Phillipine food production joint ventures in the cards

Saudi Arabia’s desire to secure its sources of food for its
citizens by establishing overseas joint ventures in food production has
received a positive response from a Philippine trade delegation.

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