Trends
The Fundamentals of Islamic Home Financing
Stemming from the basic desire to steer away from riba’ or usury, the Islamic banking industry is strengthening its foothold to be the most credible and viable alternative to conventional financing.
Port of Rotterdam’s Halal Venture
Europe’s largest port is planning for a European Halal Distribution Centre. The Halal Journal met with Captain Weststrate of Port of Rotterdam on their preparation for a European Halal gateway.
As the Halal market continues to expand, the integrity of the supply-chain becomes an increasingly important issue. With major stakeholders at both the production and retail ends of the supply-chain, the logistics sub-sector is naturally emerging as one of the most rapidly developing links in the Halal value-chain.
Setting up Halal Excellence Centres in Malaysia
Various leads are pointing to Malaysia's potential as a major global Halal player and multinational giants are positioning themselves by setting up Halal excellence centres here. Case in point: the world’s largest food producer, Nestlé.
Union National Bank arranges $100m Syndicated Loan Facility for UAE Exchange Centre LLC.
Besides the Islamic Banking Group within UNB, it also has its newly formed Islamic finance subsidiary company 'Al-Wifaq Finance Company' which extends a full range of Islamic finance products.
New Halal products and standards places UAE as the industry gateway
The growing Halal industry, worth an estimated $2.1 trillion, brings renewed focus on the UAE as a financial and trade hub, says IIR Middle East, organisers of the forthcoming Halal World Expo.
Saudi Travelers Cautioned Against Fast Food Abroad
Saudis visiting the tourist resort of Phuket in Thailand during the Eid holidays have been cautioned against eating fast food, since the beef or lamb used in the preparations there need not necessarily be halal.
OIL PALM – MALAYSIA’S HALAL SLEEPING GIANT
How can palm oil be a sleeping giant when Malaysia is its number one producer in the world? Take account recent developments and its potential in the Halal food industry and you’ll find the answer.
The consumer’s shift in dietary needs for a healthier alternative is one of the biggest push for a higher global demand for palm oil. Greater acceptance of palm oil for its superior properties over other oils, better recognition of its efficiency as well as its health and nutritional values have led to increased propensity to using it for food and industrial uses.
Ways to increase productivity by enhancing competitiveness
There are no guarantees in business. According to statistics, over 50% of small businesses fail within the first year and 95% fail within the first five years. So what are the determinants that make or break a business, one might ask.
Halal growth means big things for the UAE
Halal businesses which already appreciate the importance of such an agreement will be attending a panel discussion, “Global Halal Certification Standards: Moving From Local To Global Halal Certification”.
Do we have people willing to get their hands dirty?
If we accept the fact that an item is Halal until it is proven Haram, so if at the time of decision the item in question has not been declared Haram by Quran, Sunnah or by a consensus of qualified people, we need to move on.