Malaysian Traders Urged To Grab Opportunities In Saudi Arabia
Posted in:
Middle East & Africa,
Asia
JEDDAH, - Traders from Malaysia should grab the huge
opportunity for them to market much more of their consumer goods,
especially halal food products, in Saudi Arabia in light of the growing
demand for them, Malaysia's Consul General here, Hidayat Abdul Hamid,
said.
Thai Islamic Bank Gives 1.2 Billion Baht in Loans For Halal Manufacturers
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.
Islamic Banking Gaining Strength, Says Surin Pitsuwan
Posted in:
Asia,
Finance & Investment
BANGKOK -- The Islamic financing system is expected to
grow faster than the previous 15 to 20 percent annually as world
economies look at it as an alternative to western models which is in
turmoil now, said Asean Secretary-General Surin Pitsuwan. Surin said while the world financial system was in turmoil and sending
shock waves across the globe, trend in Islamic banking and halal food
industry was encouraging and positive.
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."
Thailand B2.4bn for halal lending
Posted in:
Asia,
Finance & Investment
The Islamic Bank of Thailand will set aside 2.4 billion baht next
year to help finance halal food businesses, according to managing
director Dheerasak Suwannayos.