Filter: asia
Islamic banking share to reach 15%
The Islamic banking share would increase to 15 percent soon, head of Islamic Banking, Habib Metropolitan Bank, Muhammad Haroon Ahmed said.
Filed Under: News Articles
Officials seek decree to boost Halal industry
The national government under the fresh leadership of President Aquino is urged to issue an executive order mandating line agencies involved in the Halal industry for the Philippines to fully harness benefits from the trillion-dollar worldwide business.
Tune Money Launches Tune Raya Takaful Coverage for Hari Raya
Tune Money Sdn Bhd, the one-stop online financial services company of Tune Group, has launched "Tune Raya Takaful", its first product offering available for online purchase.
Filed Under: News Articles
Infrasoft to widen horizon, focus on Islamic banking
IT products, solutions and services provider Infrasoft Technologies has said it will focus on countries like Bahrain, Saudi Arabia, Dubai, Qatar and Malaysia to target Islamic banking and Islamic investment banking firms for end-to-end enterprise solutions. Core banking solutions, automation of business processes, back-end solutions are on its radar.
Filed Under: News Articles
Halal research council
The Halal Research Council (HRC) has been formed for the promotion of Halal Food Market in Pakistan which will provide research, counselling and Halal certification with the collaboration of Chamber of Commerce and Industry Pakistan, Trade Association of Pakistan and many other International organizations for the field of Halal Food. The head office of the HRC has been launched in Lahore with other branches in Karachi and Multan. Meanwhile it has working Strategic Partners in South Africa, Malaysia, Kazakhstan and Mauritius. Despite the fact that it is a Muslim state, Pakistan is only getting a very small share from the export of Halal Food Certification. Only Brazil and India has 75% share in export of Halal Food of Middle East. “Hopefully, with the establishment of Halal Food Market in Pakistan, our export percentage will elevate with a rapid extend”, the HRC stated.
Eat Roselle, Drink Roselle and Stay Healthy
When it was introduced by the agriculture authorities in the early 80's as a new source of income for farmers, many had expressed reservation against the capability of the 'roselle'. Many had previously seen the plant as of no value and had dubbed it with derogatory names such as 'asam paya' or 'asam kumbang' (plants of no value that grows in the wild). But over the years the cultivation of roselle has continued to flourish in the country.
RHB Revises BLR/BFR
The RHB Banking Group has revised its base lending rate (BLR) for RHB Bank Bhd and RHB Islamic Bank base financing rate (BFR) from 6.05 per cent to 6.30 per cent per annum effective tomorrow.
Filed Under: News Articles
Banks to revise deposit rates, BLR
Several banks will be increasing rates on lending and deposit from Monday after Bank Negara raised its key policy rate for the third time this year.
Filed Under: News Articles
Bright ‘Halal’ prospects seen
The market for “Halal” products is so big that Davao and Mindanao businesses can make a good opportunity just by getting their products certified as Halal.
When Ignorance is not Bliss
The utilisation of non-Halal natural casings by some Halal sausage producers raises concern on the urgency to create Halal Act. Ignorance truly is bliss for some – especially when venturing into an industry as basic yet scientifically sophisticated as food and beverage. The next time you visit your neighbourhood grocery store, take a closer look at ingredients of your favourite blackcurrant confiture and ask yourself if you manage to decipher its addictive and preservative E-numbers.
Filed Under: Industry