Halal Trade Set to Cross $ 1 Trillion Soon, Say Experts

Posted in: Asia, Finance & Investment

wief_logo.jpg
The ensuing sixth edition of the WIEF will be one of the most important business events this year focusing on the business opportunities in the Muslim world. The Forum is expected to bring together about 2000 participants comprising of world leaders and the global business community. Several heads of the states and CEOs of prominent international companies are expected to attend the Forum which will be open to Muslim and non-Muslim 
business community.


Jan 24, 2010 - 10:35:42 PM Read more

Reflections on the Dubai Financial Crisis

Posted in: Opinion, Finance & Investment, Middle East & Africa
dollar_house_cards2.jpg
This is an interesting article that was submitted by one of our readers which we have decided to use to launch our new 'Opinion' category on Halal Focus. We hope that more of our readers send in their articles on Halal related issues, for our consideration. Though we put up articles on the news in Halal it is also good to get business and consumer feedback to keep current with all aspects of the current trends and movement in the Halal arena.

Jan 3, 2010 - 2:25:34 AM Read more

Natural Allies - Halal Food and Islamic Finance

Posted in: HalalFocus Editorial, Finance & Investment, G-20 News
A66JF1.jpg
The rapid growth of Islamic banking – not only in countries like Malaysia, Bahrain and Singapore, but also the UK and elsewhere – and the emerging global market for Halal products and services represent the tip of the iceberg of the impact of Islam on commerce, a convergence which we believe is destined to be one of the defining factors of the coming decade.

Dec 31, 2009 - 1:21:50 AM Read more

Know What Is Direct Selling To Avoid Being Cheated

Posted in: Asia, Finance & Investment
A693C9.jpg.jpg
The Direct Sales Association of Malaysia(DSAM) reported that in 2008 the direct selling industry was worth RM5.6 billion with RM3.15 billion being contributed by 55 multinational and local companies who are members of DSAM. Malaysian consumers may have come across direct selling schemes involving health supplements, cosmetics and body trimming pills and their success is often attributed to the direct promotion and satisfactory services. However, there are many instances where the direct selling strategy is used as a ploy to recruit or sponsor members, hence giving rise to Multi Level Marketing (MLM).

Dec 30, 2009 - 12:13:03 AM Read more

Islamic Insurer Closes

Posted in: Europe, Finance & Investment, UK
The first Islamic insurer to be based in the UK has closed its books.

Nov 23, 2009 - 9:09:05 AM Read more

Pakistan Offers Opportunities for Malaysian Investors

Posted in: Asia, Finance & Investment
There are many opportunities for bilateral cooperation between Pakistan and Malaysia, says Pakistan's Federal Secretary of the Investment Ministry, Tariq Puri. Malaysian investors do not need to fear on investing in Pakistan as the country provides one of the best investment-friendly regimes in the world, Puri said in a statement Thursday.

Nov 19, 2009 - 12:08:42 PM Read more

CIMB Islamic To Invest RM1.5 Billion In Halal Industry Players

Posted in: Asia, Finance & Investment
Kuala Lumpur: CIMB Islamic Bank Bhd is prepared to invest RM1.5 billion in a move to help small and medium enterprises (SMEs) in the halal industry.

Nov 17, 2009 - 3:03:26 PM Read more

MITI Okays Grants, Loans Worth RM1.06 Billion For SMEs

Posted in: Asia, Finance & Investment
KOTA KINABALU - Grants and loans worth RM1.06 billion have been approved to 25,549 entrepreneurs engaged in small and medium enterprises (SMEs) as of Sept 30. The Government is committed in boosting awareness among the people on the global halal industry ensuring the industry's continued growth.

Nov 7, 2009 - 9:02:41 AM Read more

Turkey's Asya Bank Seeks Malaysia's Cooperation In Islamic Finance

Posted in: Asia, Europe, Finance & Investment, Turkey
One of Turkey's biggest financial institutions, the Asya Bank, has indicated an interest in forging cooperation with Islamic banks in Malaysia, namely Maybank Bhd and CIMB Bank. The aim is to establish an Islamic Bank in Turkey.

Nov 2, 2009 - 4:42:51 PM Read more

France Adjusts Laws To Allow Islamic Banking

Posted in: Europe, Finance & Investment
The French government wants to make Paris the world capital of Islamic investment as it looks for new sources of cash to battle the credit crisis. But even with the economic downturn, the campaign is raising some hackles.

Oct 13, 2009 - 8:35:25 PM Read more