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8/27/2008 - Islamic banking is growing in Thailand
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| Islamic banking is growing in Thailand. The Islamic Bank of Thailand (IBT) was founded under a special act by the country’s parliament in 2002, under the supervision of the Ministry of Finance. The objective was to provide Islamic banking services to all customers, irrespective of their religion. |
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8/27/2008 - Malaysia offers to build halal super market in Bangladesh
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| Malaysia has promised to provide assistance to help establish a halal super market in Bangladesh. "The super market will help develop the production of halal items in Bangladesh and at the same time boost Malaysian halal products here," secretary-general of Ministry of Entrepreneur and Cooperative Development, Datuk Musa Mohammad, said, according to BERNAMA. |
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8/27/2008 - Can a beauty cream really turn back time?
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| This truly is the million dollar question! The scientific answer has to be no, because if beauty creams did all they claim, they would - by law - have to be classed as drugs and not as cosmetics. However, the huge and growing demand for anti-ageing skincare says differently. |
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8/27/2008 - Why Organic Skincare?
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| The saying for chocolates, 'A moment on the lips = a life time on the hips!' may be just as applicable to cosmetics, considering women on average may eat several tonnes of lipstick during their lifetime; up to 5lb per year of chemicals may get absorbed into the body as a result of putting make up on every day and up to 60% of what we put on our skin can get absorbed into the body! |
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8/27/2008 - Total Wellness Through Nature
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| Honey has always been respected for its cell regeneration properties for the skin and hair, and for general well being. Vistern Health believes in the goodness of honey and wants to increase the intake of honey amongst the public. It believes in quality and excellence, not only in their products but also in their services. It also believes in constantly improving itself to stay at the top. Its brand of honey, Honey Mart, offers a wide range of honey. Apart from that functional product like H |
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8/27/2008 - McDonalds halal meals in NY
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| McDonalds fast food company has recently launched its first outlet in New York that will sell only Halal products. McDonalds offers two new burgers made with Halal meat called the McHal and the McLamb. |
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8/27/2008 - Islamic finance has huge potential in India
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| India holds a promising growth opportunity for Islamic finance institutions, whose asset base globally is set to more than triple to $1 trillion by 2016, a recent study indicated. According to market intelligence and data analysis services provider, Grail Research, India could be a significant market for Islamic banking institutions, provided there is a favourable change in regulatory environment and increased awareness among Muslims. |
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8/27/2008 - Halal food during Beijing Olympic Games
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| China is planning to establish more than 2000 outlets for halal food across the capital to satisfy the needs of Muslim athletes and spectators of the Beijing Olympics. Some $4.7 million have been allocated to create 2,053 halal food outlets, Wu Shixiong, deputy director of the capital's municipal people's congress was quoted as saying by Xinhua news agency. |
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7/27/2008 - 10 halal hotels to be launched
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| Landmark Hotel Management has recently said it will launch 10 Sharia-compliant hotels and service apartments in the UAE and Saudi Arabia by the end of 2010. Six of the 10 projects will be in Dubai, two in Abu Dhabi, a four-star in Fujairah and one hotel in Jeddah. All the projects will operate according to Islamic principles, say they will be alcohol-free, serve halal food, and provide a percentage of their profit to charity. |
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7/27/2008 - OIC to present final draft of halal standardization
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| The Organisation of Islamic Conference (OIC) will present the final draft of the proposed common international halal standardisation, accreditation and certification to its members during the 10th OIC Standardisation Experts' Group Meeting in Jeddah, Saudi Arabia in February next year. |
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7/27/2008 - SAFC Supply Solutions adds 200 Halal certified food-grade products
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| SAFC Supply Solutions®, a member of the Sigma-Aldrich Group, has announced it had added an additional 200 Halal certified food-grade products to its Flavors & Fragrances (F&F) aroma chemicals product line. This addition expands SAFC Supply Solution’s Halal offering to over 550 products, enhancing its position as a premier supplier of Halal certified aroma raw materials to the marketplace. |
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7/27/2008 - Islamic finance gaining ground in Maghreb
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| In recent years, North Africa has started to embrace Islamic finance as banking develops and governments try to channel additional petrodollars into the region. But growth could be far slower than in the Middle East given resistance from secular-minded political and business elites, analysts told Reuters. |
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7/27/2008 - Taiwanese group ready to invest in Halal Food Park
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| A Taiwanese group is ready to invest RM1.4 billion in organic farming and food processing activities in the Tanjung Manis Halal Food Park, Malysia. Sarawak Timber Industry Development Corp (STIDC) chairman, Datuk Seri Awang Tengah Ali Hassan, said the group was one of the four investors who had indicated their interest in the park, which was one of the four designated halal parks in the country. |
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7/1/2008 - Britain's treasury to enter into the world of Islamic finance
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| Britain's treasury has announced that it favored entering into the world of Islamic finance, saying it wanted to eventually raise some GBP2 billion (US$4 million) through Shariah-compliant bonds. But, according to the AP, it warned that some obstacles would still have to be overcome before the government made a final decision on the issue. |
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7/1/2008 - Rotterdam Port – Important halal gateway
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| The Rotterdam Port could be an ideal gateway into Europe for Malaysia’s halal products, said Malaysia International Trade and Industry Minister Tan Sri Muhyiddin Yassin. According to him, since the port was the only certified European halal hub, it was well positioned to promote Malaysia’s halal products into Europe. |
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6/30/2008 - Croatia to boost halal industry
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| Croatia aims at increasing the number of its companies producing halal products from the current 20 to 50. Presently, Croatia's halal industry caters to 80,000 Muslims, or 1.8 percent, of the total population. |
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6/30/2008 - Issuance of global Islamic bonds to double
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| The issuance of global Islamic bonds, or sukuk, is expected to double to $100 billion this year, thanks to higher take-up of Sharia-compliant financial products among Middle East investors, said Ernst & Young in a recent report. The sum of Islamic assets has been growing at over 20 percent a year and reached $900 billion in 2007, the firm said, and is set to hit $2 trillion by 2010. |
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6/30/2008 - Big potential for halal food industry
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| Malaysia has the potential to become a halal food hub following the recognition of the Organisation of Islamic Conference (OIC) for the nation's halal certification. Malaysia's International Trade and Industry Minister Tan Sri Muhyiddin Yassin, in urging businessmen to venture into making halal food, said the world's halal food industry was worth about RM1.7 trillion. (some US$500 billion). |
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5/26/2008 - Malaysia's TH to enter halal food business
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| Malaysia's Lembaga Tabung Haji (TH) is looking at investing up to RM300 million initially in the halal food business within the next five years given the significant market prospects, the New Straits Times reported. Lembaga Tabung Haji (better known as Tabung Haji or the Pilgrim Fund Board of Malaysia) is a financial services organisation with over 120 branches nationwide. |
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5/26/2008 - Malaysia to help OIC develop OIC-based halal standards
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| Malaysia is ready to help the members of the Organisation of Islamic Conference (OIC) develop OIC-based halal standards, a move which will likely pave the way for the evolution of global halal standards. It would also help accelerate the development of the global halal industry as well as boost Malaysia's position as a global halal hub, KasehDia Sdn Bhd's executive director Nordin Abdullah said, according to Bernama. |
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5/26/2008 - Singapore: Halal business growing
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| Over the past eight years, the number of halal-certified businesses in Singapore has grown nearly four-fold from 530 to over 2,000. Observers said there is still plenty of room for the industry to grow as the spending power of the Muslim community is going up. That is why more businesses are keen to tap the global halal food market that is estimated to be worth over $760 billion, TODAYonline reported recently. |
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5/26/2008 - Philippines: Corn imports to boost halal ambitions
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| The opening of the Philippines' agricultural market to the importation of corn will boost its goal to capture a fair share of the Halal market of the Middle East. Mindanao Business Council chair Vicente Lao said in a recent interview that one major factor affecting the bid of the Philippines to be the prime exporter of chicken with the Halal certification is the current high price of corn in the country. |
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5/26/2008 - Britain: First halal pub opens
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| Two Muslim men have opened Britain's first alcohol-free pub. Traditional Islamic nasheed songs are piped into the bar and boards for karam, a billiards-style game popular across Asia, are on hand, the Telegraph newspaper reported. |
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5/26/2008 - Islamic banks expanding into non-Muslim states
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| A new report from a global strategic management consulting firm indicates that Islamic banks are making their mark in non-Muslim states. The AT Kearney study shows that these wholesale banks target a broad set of corporate, institutional and high net worth clients, both Muslims and non-Muslims. |
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5/26/2008 - Strong performance of Islamic funds highlighted
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| The boom in Islamic finance during 2007 contrasted strongly with the global financial crisis induced by the subprime crisis and the strong fundamentals are driving the strong performance of Islamic funds, according to Lipper, an international fund tracking company. |
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4/28/2008 - Growing popularity of Islamic hotels
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| Islamic hotels are becoming more and more popular with Muslims and non-Muslims alike, according to the manager of one of Dubai's oldest establishments. According to Jawhara Group General Manager, Hani Lashin, Islamic hotel brands are springing up in the UAE and the Middle East with a nearly 100 per cent occupancy. |
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4/28/2008 - Malaysia to be promoted as Halal hub
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| The Malaysian International Trade and Industry Ministry is proposing to take the lead in promoting the country as a halal hub. Minister Tan Sri Muhyiddin Yassin said that although the Halal Industry Development Corporation (HDC) had been tasked with promoting the halal food and non-food industry, the ministry had been there longer, and had the manpower and resources to do the job. |
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4/28/2008 - Brunei: New park for halal products
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| The Brunei Government has hied the services of a UK-based consultancy in drawing up the master plan for an agro-technology park that is crucial for the sultanate to create a niche in the global market for halal products. According to Brunei Times, the Ministry of Industry and Primary Resources' Department of Agriculture drew up an agreement with SQW Consulting to assist the department in developing the Brunei Agro Technology Park. |
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4/28/2008 - Philippines President OKs new Saudi investment in Halal industry
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| The Philippines President Gloria Macapagal-Arroyo has approved a proposal of a large Saudi food processing company to expand its operations in the Philippines to produce Halal-certified foods, mainly chicken. According to the Sun.Star, Sheikh Adnan Zainy, chairman of the board of directors of the Abbar & Zainy Group of Companies based in Saudi Arabia, made the offer met Arroyo in Malacañang. |
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4/28/2008 - Expert: Global Islamic reinsurance premiums to boom
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| Global Islamic reinsurance premiums will keep growing at double digit rates in the coming years, driven by booming demand for ethical investments, Munich Re has indicated. The world’s second-biggest reinsurer conveyed the global market for Islamic reinsurance, or retakaful, has been rising in the teens. Some industry data put the value of the market at about US$1 billion. |
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4/28/2008 - Brunei: New Halal certification for restaurants
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| A new Halal certification for restaurants in Brunei is to be implemented this year. This certification will identify which restaurants will be fit for Muslim consumption and which are not. It will also give authority to the Halal Food Control Section to close down a restaurant if needed, the Borneo Bulletin reported. |
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4/28/2008 - Islamic finance attracts investors even in crisis times
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| The transparency and structure demanded by Islamic finance that is attracting investors hit by the subprime crisis could well have provided warning signals of the impending debt turmoil. According to investors, Islamic finance products demand greater transparency and accountability from company management, so it would be more obvious when companies are getting into debt problems. |
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4/1/2008 - Premier Global Halal Marketplace to be Platinum Sponsor of the Halal World Expo
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| Abu Dhabi, UAE- March 18, 2008 – The Halal Exchange™ in conjunction with the Institute for International Research Middle East (IIR ME), have announced a sponsorship agreement for the Halal World Expo in Abu Dhabi. As a Platinum Sponsor to this event, Halal Exchange™ will showcase the powerful web-based global trade platform dedicated to the Halal industry. The technology makes cross border trade as simple as buying from across the street. |
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3/26/2008 - Philippines to benefit from publication of halal food standards
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| The Department of Tourism expects to lure more Muslim visitors to the country as an inter-agency body is inclined to publish soon the standards on halal food production. However, the World Halal Council maintains that the Philippine guidelines on producing food for Muslims would only be good for the locals and would not pass requirements of other countries. |
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3/26/2008 - Malaysia to expand halal industry into rural areas
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| The Malaysia government has identified Pedas in Negeri Sembilan, Serkam Pantai in Melaka, Paya Pahlawan in Kedah, Pantai Remis in Perak and Gambang in Pahang as potential areas for development as halal food industry zones. The development of the industry in these areas is meant to ensure the participation of the respective local people in the industry, said Khairy Jamaluddin, according to Bernama. |
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