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Category: Finance & Investment

Sustainable business is good business: Creating financial tipping points for the Global Goals

| 03/04/2019 | Reply
Sustainable business is good business: Creating financial tipping points for the Global Goals

Almost four years into the 2030 Agenda for Sustainable Development, it is clear that the actions we are taking are not transformational enough, nor at the scale and pace needed.

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Dubai: Sarwa launches Halal, SRI portfolios

| 02/04/2019 | Reply
Dubai: Sarwa launches Halal, SRI portfolios

Dubai-based startup Sarwa has launched its Halal and Socially Responsible Investing (SRI) portfolios and has lowered the minimum to open up an account to $500.

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Indonesia Wants to be the Leader of the World’s Halal Industry

| 25/03/2019 | Reply
Indonesia Wants to be the Leader of the World’s Halal Industry

Tired of being the world’s largest halal products consumer, Indonesia now wants to be the top producer of shariah-compliant goods.

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Opinion: Opportunities in the Halal Economy

| 24/03/2019 | Reply
Opinion: Opportunities in the Halal Economy

“Despite the current size of Muslim consumer market, investments in companies that cater for this population — especially smaller, high-growth ones — are scarce, the market is fragmented,” says Thomas Tsao, managing partner, Gobi Partners

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Pakistan: Deals for ‘big projects’ during Mahathir’s Pakistan visit

| 23/03/2019 | Reply
Pakistan: Deals for ‘big projects’ during Mahathir’s Pakistan visit

PM Khan said he admired Dr Mahathir for his stand against corruption.”We actually believe that countries are not poor, corruption makes them poor. Corruption destroys state institutions,” he said.

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UAE and Uzbekistan explore trade, investment partnership prospects

| 15/03/2019 | Reply
UAE and Uzbekistan explore trade, investment partnership prospects

As part of the Committee’s agenda, both countries agreed to enhance economic, trade and technical cooperation based on a number of policies and programmes.

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Halal Market: Investment in an emerging sector

| 04/03/2019 | Reply
Halal Market: Investment in an emerging sector

Multinational companies (MNCs) have long realized the huge potential of Halal sector and the entire parallel economy that can be built through Halal businesses.

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Malaysia: SimplySiti eyes 50% sales growth on higher exports

| 27/02/2019 | Reply
Malaysia: SimplySiti eyes 50% sales growth on higher exports

SimplySiti Sdn Bhd aims a 50% year-on-year (YoY) sales growth as it looks to expand its presence in the region, beginning with Indonesia by the second half of the year (2H19).

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Malaysia: CIMB Islamic aims to help local halal players scale globally

| 26/02/2019 | Reply
Malaysia: CIMB Islamic aims to help local halal players scale globally

The bank today announced that it has partnered with local cosmetic company SimplySiti Sdn Bhd to expand its halal beauty care business beyond Malaysia.

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UAE launches integrated ‘Arab system’ for mutual recognition of halal certificates

| 25/02/2019 | Reply
UAE launches integrated ‘Arab system’ for mutual recognition of halal certificates

“The first Arab halal system will include mutual recognition of halal certificates and easing the trade movement between our Arab countries and the world.”

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Making Indonesia a hub of global Halal economy

| 19/02/2019 | Reply
Making Indonesia a hub of global Halal economy

Indonesian Presidential candidate Prabowo Subianto and his running mate, Sandiaga Uno, have pledged to make Indonesia the fifth biggest halal economy in the world.

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Brunei’s halal industry can spur economic diversification, says think tank

| 16/02/2019 | Reply
Brunei’s halal industry can spur economic diversification, says think tank

Around 60 percent of Brunei’s economy is covered by its oil industry, and the sultanate has been trying to reduce its reliance on petroleum for years.

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USA: Muslim Consumer Lifestyle Brand Haute Hijab Raises $2.3 Million

| 13/02/2019 | Reply
USA: Muslim Consumer Lifestyle Brand Haute Hijab Raises $2.3 Million

With this funding round, Haute Hijab is going to accelerate growth and extend its competitive lead worldwide.

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UK has approached GCC states for post-Brexit trade pact – UAE minister

| 11/02/2019 | Reply
UK has approached GCC states for post-Brexit trade pact – UAE minister

Such agreements can take years to negotiate, Sultan bin Saeed al-Mansouri said on a panel at the World Government Summit in Dubai.

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Biggest Indonesian Islamic bank sees sector riding on a wave of Halal lifestyle

| 07/02/2019 | Reply
Biggest Indonesian Islamic bank sees sector riding on a wave of Halal lifestyle

The country’s Halal food spending alone was US$170 billion in 2017, the highest among the top consuming nations.

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Amazon plans to launch a new Middle East marketplace

| 05/02/2019 | Reply
Amazon plans to launch a new Middle East marketplace

With the launch of the Middle East marketplace in the coming months, Amazon is downplaying Souq.com, the Dubai-based online retailer.

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UAE: Is there a role for startups in the Islamic economy?

| 04/02/2019 | Reply
UAE: Is there a role for startups in the Islamic economy?

In the UAE, Goodforce Labs is one of the few incubators helping startups across a variety of sectors in the halal and Islamic industries.

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Saudi Arabia: Freed Saudis Resurface Billions Poorer After Prince’s Crackdown

| 03/02/2019 | Reply
Saudi Arabia: Freed Saudis Resurface Billions Poorer After Prince’s Crackdown

The crown prince said a total of about $107 billion — a mix of cash, real estate, companies and securities — has been recovered from 87 people.

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India: Britannia unveils new logo as ‘global total foods company’

| 01/02/2019 | Reply
India: Britannia unveils new logo as ‘global total foods company’

Britannia acquired two companies, UAE-based Strategic Food International Co (SFIC) and Oman-based Al Sallan Food Industries 10 years back.

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Opinion: Could vegan formulations soon crowd out Halal as a selling point?

| 03/01/2019 | Reply
Opinion: Could vegan formulations soon crowd out Halal as a selling point?

This is according Malaysia’s first venture capital fund dedicated to Halal startups!

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