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MALAYSIA: TM, JAKIM to Develop Halal Portal
TM Info-Media Sdn Bhd (TMIM), a wholly-owned subsidiary of Telekom Malaysia Bhd, signed a memorandum of understanding with the Islamic Development Deparment Malaysia (JAKIM) for the development of a Halal portal. Under the collaboration, TMIM which also publishes the Yellow Pages directory is responsible for developing and maintaining the Halal portal while JAKIM provides the list of companies that have been granted Halal certificates. Minister in the Prime Minister's Department Datuk Seri Jamil Khir Baharom witnessed the signing ceremony here.
Filed Under: Products & Services
MALAYSIA: New International Halal SME Report Directory a Boon for Halal Entrepreneurs
What would it take for a newly start-up company or a local small and medium-sized enterprise (SME) to reap the much-talked about multi-trillion dollar global Halal market? According to reports within the newly published The International Halal SME Report Directory 2011/12, Halal entrepreneurs need to be hard working, technology savvy and have strong business alliances, just like any other businesses within any other industries.
Filed Under: Products & Services
MALAYSIA: Taking Islamic finance further
Malaysia’s Islamic finance sector is further consolidating its position as a market leader, moving to broaden its product range and expand its reach, though it may need to keep an eye on rivals aspiring to emulate its success. At a recent seminar on Islamic finance held in Istanbul, Mehmet Asutay, the director of the Durham Centre for Islamic Economics and Finance at UK-based Durham University, said Malaysia was positioning itself to capture 25% of the market share in the Islamic banking and finance sectors by 2012.
PAKISTAN: Tajweez Bahrain Launches Islamic Finance 360áµ’ Trainings
Tajweez Advisory Co. WLL, the first Pakistani backed advisory firm in Bahrain in the niche Islamic Finance sector, has launched their Islamic Finance 360áµ’ training project at the prestigious Institute of Bankers Pakistan. The 3-Day intensive workshop titled ‘Islamic Product Structuring and Pricing: Tools and Techniques’ was conducted by a team of top-notch Shari’ah Scholars and technicians from October 7 till 9. The workshop was accredited and made available to members of the Institute of Chartered Accountancy of Pakistan (ICAP) who were eligible for 24 CPD hours. Amongst the IFIs which participated in the program included Dubai Islamic Bank, Al Meezan Investment Management Ltd, Meezan Islamic Bank, BankIslami, Habib Bank Limited, and Burj Bank Ltd. A group of budding Shari’ah Scholars from Darul Uloom Korangi also took the intensive training.
MALAYSIA: Compete On Price and Quality, Malaysian Halal Firms Urged
Malaysian companies involved in the Halal business have been urged to be competitive in their price and branding strategy. Making the call, Halal Development Corporation chief executive officer Datuk Seri Jamil Bidin said the companies should equip themselves with enough knowledge on price, branding and quality competitiveness. If these criteria are not given due consideration, the companies may face difficulty to compete with imported Halal goods which might be cheaper than what we have to offer. Certification alone is not enough for Malaysian companies in the Halal business to grow and compete regionally and internationally," he said in his speech at the Halal Fiesta (Halfest) 2011 launch here today.
MALAYSIA: Malaysia Has Potential to Be Top Global Halal Player, Says Mustapa
Malaysia has the potential to be the number one player in the global Halal food, cosmetic and pharmaceutical industry, says Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed. He said Malaysia had proven its capabilities in many areas of the Halal industry, and that it could repeat the success in the Halal food industry as well. Malaysia has been very successful in the Islamic Finance and Banking industry and now it is time to focus in other areas of the large industry, he told reporters after launching the inaugural Halal Fiesta (HALFEST) 2011, here.
MALAYSIA: Halfest 2011 Eyes 50,000 Visitors, RM28 Mln Sales
Halfest chief executive officer Mohd Shukri Abdullah said at a press conference here today that the exhibition is open to the general public regardless of age, unlike MIHAS (International Halal Showcase) which focuses on exporting companies and visitors aged 18 and above. He said while MIHAS has expanded and focuses on companies that are capable of exporting their products, Halfest is a new platform for companies that have yet to come up with exportable products. MIHAS also imposes strict conditions for participation, and last year barred 130 local companies without export capability, he added.
Filed Under: Halfest 2011
MALAYSIA: Mara Expects Entrepreneurs to Record RM5 Million Sales at Halfest 2011
Its Deputy Director General (Entrepreneur) Mohd Rosdi Ismail said a total of 155 booths have been allocated for Mara entrepreneurs involved in areas such as food and beverage, pharmaceuticals, cosmetics, nutrition and clothing. "Their involvement will strengthen the capability to participate actively in the local Halal industry and then internationally," he told Bernama here today. The five-day event, at the Putra World Trade Centre (PWTC), is being held to strengthen and stimulate the local Halal industry for the export market. Mohd Rosdi said the most important thing is for the entrepreneurs to have an opportunity to interact with end users to obtain bad or good feedback pertaining to their products or services.
Filed Under: Halfest 2011
PAKISTAN: Islamic banking growing
Islamic system of banking is rapidly growing in Pakistan with annualised growth rate of one percent. That is the highest growth rate of this industry in the world. “The market share of Islamic banking in Pakistan has gone up to 7 percent and, with the current annualised growth rate, it is expected to achieve 15 percent market share in the next five year”, Pervez Said, President and CEO of Burj Bank, said at a seminar on ‘Riba-Free Economy and Interest-Free Banking”, at Karachi Press Club.
MALAYSIA: Sarawak CM to Visit Middle East in Early 2012 to Pursue Biz Opportunities
Sarawak Chief Minister Tan Sri Abdul Taib Mahmud will visit the Middle East early next year to follow-up on business opportunities arising from last month's launch of the investment report, "Inside Sarawak 2011". Asia Director of Inside Investor, Imran Saddique said today the forthcoming trip was also a follow-up to Taib's visit to Abu Dhabi in January this year, as part of a more than 100-strong Malaysian delegation, led by Prime Minister Datuk Seri Najib Tun Razak for the Invest Malaysia Forum 2011.