BANGKOK, -- The Islamic Bank of Thailand (IBT) plans to lend 1.2 billion baht in 2009 to promote halal food and product manufacturings while exploring sukuk or Islamic bonds through "petro money" from Middle East investors. Its chairman Professor Dr Somchai Virunhaphol said the fund for halal manufacturers would then be doubled in two years as there are vast potential to be tapped.
Thai Islamic Bank Gives 1.2 Billion Baht in Loans For Halal Manufacturers
Bangkok Global Halal Conference 2008
The conference was inaugurated by Deputy Prime Minister Olarn
Chaipravat, with a keynote address by ASEAN Secretary-General Dr. Surin
Pitsuwan, on “From Islamic Finance to Halal Products.” Moreover, a
seminar was held on “Helal Certification and Cooperation,” “Halal
Business and Islamic Finance,” and “Current Halal Research."
MalaysiaKitchen Promoters Eyeing UAE Market
Following the establishment of Malaysian
restaurants under the MalaysiaKitchen programme in Tokyo and London,
its promoters are now eyeing the possibility of opening a similar
outlet in the United Arab Emirates (UAE).
Take A Leaf From M'sia On Halal Food Standards, Says Expert
ABU DHABI, Nov 13 (Bernama) -- The United Arab Emirates (UAE) and
other Middle East countries should emulate Malaysia in regulating halal
food production to prevent governments and consumers from being
defrauded, said an industry expert. Midamar Corporation director Jalel Aossey said countries like
Malaysia and Brunei had well established regulatory bodies to verify
products were halal-compliant and that protection levels were in place
in countries like the UAE and Saudi Arabia.
UAE takes the lead in Shariah-compliant food
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from more than 30 countries including Australia, Kuwait, the UK and
Serbia gathered for the second Halal World Expo being held in Abu Dhabi this week in an effort to come to
a consensus on what actually makes a product halal.