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Category: Finance & Investment

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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Opinion: Islamic Finance Volume Expected to Hit $2.5 Trillion in 2019

| 01/01/2019 | Reply
Opinion: Islamic Finance Volume Expected to Hit $2.5 Trillion in 2019

Unfortunately, 2018 is not proved as much beneficial for Global Islamic Banking and Finance Industry as expected because of various reasons, but 2019 is starting with high hopes except in the Takaful industry.

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Dubai, Bosnia To Promote Halal Industries In Europe

| 30/12/2018 | Reply
Dubai, Bosnia To Promote Halal Industries In Europe

This was stated after Abdulla Al Awar, CEO of Dubai Islamic Economy Development Centre, and Amer Bukvic, CEO of Bosna Bank International, signed a Memorandum of Understanding, MoU.

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Qatar partners Malaysia, Turkey to conquer Islamic finance market

| 23/12/2018 | Reply
Qatar partners Malaysia, Turkey to conquer Islamic finance market

Qatar is planning an ambitious new initiative with Malaysia and Turkey to serve the $2 trillion global Islamic finance market from hubs in the three countries using common platforms and technology.

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UAE to give $3 billion to Pakistan to boost economy

| 22/12/2018 | Reply
UAE to give $3 billion to Pakistan to boost economy

Pakistani Prime Minister Imran Khan went to twitter to praise the UAE government for “supporting Pakistan so generously in our testing times”.

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Groundbreaking Report positions Indonesia as the “Engine of Global Halal Economy”

| 21/12/2018 | Reply
Groundbreaking Report positions Indonesia as the “Engine of Global Halal Economy”

The Report lists prioritization of 26 sub-sectors with most opportune target markets for Indonesia’s Halal economy producers. You can download it here.

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Malaysia: HDC committed to turning Malaysia into a high-income economy

| 08/12/2018 | Reply
Malaysia: HDC committed to turning Malaysia into a high-income economy

The Islamic economy is being embraced globally, so becoming an integral part of the international system and further expanding opportunities for the international community’s participation is essential.

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