Category: Related Topics

Opinion: Islamic Finance industry needs consolidation

| 16/08/2011 | Reply
Opinion: Islamic Finance industry needs consolidation

Rushdi Siddiqui asks: what about consolidation among Islamic industry bodies, such as AAOIFI (Accounting and Auditing Organisation of Islamic Financial Institutions), IIRA (International Islamic Rating Agency), IIFM (International Islamic Financial Market) and CIBAFI (General Council for Islamic Banks and Financial Institutions)?

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Pakistan fails to gain much in Halal brand market

| 16/08/2011 | Reply
Pakistan fails to gain much in Halal brand market

Currently, almost all countries exporting Halal products are non-Muslim. Brazil, USA, Canada, Australia, New Zealand, France, Thailand and India are the leading countries exporting Halal products. Last year, India exported Halal brand products worth $21 billion. Awareness about Halal is higher in countries where Muslims are in minority.

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UAE: Halal industry ‘must make strategic global acquisitions’

| 15/08/2011 | Reply
UAE: Halal industry ‘must make strategic global acquisitions’

The halal industry should be supported by Islamic finance and the two should go hand in hand. True halal is not only about a process but following Islamic rules. One way of starting a dialogue is joint Islamic finance-halal food activities and events to develop understanding and match-making of services and products first locally, regionally and internationally. That should be reinforced by the authorities.

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Opinion: Ramadan-inspired Dates Index

| 15/08/2011 | Reply
Opinion: Ramadan-inspired Dates Index

Rushdi Siddiqui speaks about the theory of purchasing power, but presents it as something relatively simple and relevant that not only attempts to capture the purchasing power of (Muslim country) consumers, but also with something that is closely linked to historical Arabia and referenced in the Qur’an.

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Opinion: Global brands, Islamic values

| 15/08/2011 | Reply
Opinion: Global brands, Islamic values

As more and more transnational companies look at expanding their footprints in the global Islamic market, which accounts for around 23 per cent of the world’s population and is projected to grow to about 35 per cent in the next 20 years, brand managers and marketing heads need to study and analyse the religion that dictates so much of public life and its associated values.

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Rice Set to Climb as Thailand Plans Curbs, U.S. Crop Drops

| 15/08/2011 | Reply
Rice Set to Climb as Thailand Plans Curbs, U.S. Crop Drops

The smallest increase in rice stockpiles in five years means global grain inventories will extend a decline that already drove food costs to a record.

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Nigeria: Small enterprise and job creation

| 15/08/2011 | Reply
Nigeria: Small enterprise and job creation

Supporting small and medium enterprises and agribusiness are key priorities for IFC in Africa, since these sectors account for the bulk of employment on the continent. Across Africa, IFC is supporting projects across the food supply chain, including processing, logistics, and distribution.

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Oman: Food security vital

| 15/08/2011 | Reply
Oman: Food security vital

The Sultanate has attached great importance to food security and has set up a national committee for food security, besides developing strategies to ensure self-sufficiency and adequate availability of food.

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UAE: Get busy during Ramadan

| 14/08/2011 | Reply
UAE: Get busy during Ramadan

Dubai: Generating high workplace productivity while helping Muslim workers observe the tenets of Ramadan can pose challenges for companies, experts say. Reduced daily work hours for Muslim workers who are fasting can impact on output for business environments vying in a competitive global market place.

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Opinion: Turn off social networks in times of crisis?

| 14/08/2011 | Reply
Opinion: Turn off social networks in times of crisis?

Amidst widespread calls from MPs, David Cameron has pledged to investigate the possibility of turning off social networks during times of crisis, lumping Britain in with some rather unsavory company.

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Research: Religious beliefs shape health care attitudes among US Muslims

| 13/08/2011 | Reply
Research: Religious beliefs shape health care attitudes among US Muslims

The perceived role of God in illness and recovery is a primary influence upon the health care beliefs and behaviors of American Muslims, a first-of-its-kind study has discovered. Outreach and education efforts by the health care community can help address Muslim concerns and improve health care quality in this rapidly growing population, the report recommends.

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Opinion: Legacy of a society that believes in nothing

| 13/08/2011 | Reply
Opinion: Legacy of a society that believes in nothing

All the main religions are unshakeable when it comes to self-evident truths about right and wrong; about stealing, harming others, coveting goods, instant gratification and so on.

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Opinion: The moral decay of UK society is as bad at the top as the bottom

| 12/08/2011 | Reply
Opinion: The moral decay of UK society is as bad at the top as the bottom

Criminality in our streets cannot be dissociated from the moral disintegration in the highest ranks of modern British society. The last two decades have seen a terrifying decline in standards among the British governing elite. It has become acceptable for our politicians to lie and to cheat. An almost universal culture of selfishness and greed has grown up.

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USA: Whole Foods faces controversy over promotion of Ramadan products

| 12/08/2011 | Reply
USA: Whole Foods faces controversy over promotion of Ramadan products

US foods supermarket chain Whole Foods has found itself at the center of a heated controversy over its decision to promote Ramadan products for Muslims living in America.

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Opinion: What turns people into looters?

| 11/08/2011 | Reply
Opinion: What turns people into looters?

Many in the UK are reeling after days of images of brazen thefts and wanton damage during the riots, but just where is the tipping point when people think they can start looting?

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Oman’s first Islamic bank may open by end-2011

| 10/08/2011 | Reply
Oman’s first Islamic bank may open by end-2011

While neighbouring Gulf states have ramped up Islamic finance services in recent years, Oman stood out by refusing to participate in the industry, with its central bank head saying in 2007 “banks should be universal”. The central bank reversed that stance in May.

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USA: Whole Foods’ Ramadan Marketing Headaches

| 10/08/2011 | Reply
USA: Whole Foods’ Ramadan Marketing Headaches

A pioneering Ramadan marketing campaign at Whole Foods has turned into a headache thanks to a handful of vocal anti-Muslim bloggers.

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Opinion: Antidote to Anti-Shariah Movement

| 10/08/2011 | Reply
Opinion: Antidote to Anti-Shariah Movement

There are problems in all 240 countries of the world, but what is the point of importing the actions of few to spread fear amongst the many? Albert Einstein said it best, ‘Great spirits have always encountered violent opposition [instilling fear] from mediocre minds.’

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Opinion: As London Explodes in Riots, There Is a Context That Can’t Be Ignored: Brutal Cuts and Enforced Austerity Measures

| 10/08/2011 | Reply
Opinion: As London Explodes in Riots, There Is a Context That Can’t Be Ignored: Brutal Cuts and Enforced Austerity Measures

Images of burning buildings, cars aflame and stripped-out shops may provide spectacular fodder for a restless media, ever hungry for new stories and fresh groups to demonise, but we will understand nothing of these events if we ignore the history and the context in which they occur.

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Opinion: Let them wear Gucci

| 10/08/2011 | Reply
Opinion: Let them wear Gucci

We are in a bubble where we have become accustomed to spending what we can, consuming what we have and coveting what we don’t have. However, there is now but a palpable sense of fear. People are threatened by a sense of impending economic collapse, knowing that the politicians will not, indeed, cannot protect them – on the contrary – they have already betrayed them time and again.

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