All Entries in the "Industry Sectors" Category
Goldman Sachs Sukuk Row May Dent Industry Lure: Islamic Finance
On the one hand the Islamic finance industry encourages issuers to use structures as debt instruments “in clear contradiction of one of the most prominent facets of our industry — the prohibition of Riba” or interest, he said in an e-mailed response to questions Dec. 15. “Then on the other hand we disagree with how some entities use this product, because it is not ‘right’ or ‘good’, according to a definition of those words I am not familiar with.
Egypt’s Islamist try to calm fear over tourism
The Muslim Brotherhood’s political wing, the Freedom and Justice Party (FJP) said they would hold a “Let’s encourage tourism” conference in Cairo…
Meet the Futurists: the new Muslim consumer
They believe in an Islam that is flexible, that allows them to find their own path, balancing their sense of self within the realms of the Ummah or society.
Appeal to change airline catering label from “MOML” (Muslim Meal) to “HLML” (Halal Meal)
Consumers are asked to request Halal Meal instead of staying silent to the current terminology described as Muslim Meal when travelling on airlines.
The Mainstreaming Of Fair Trade
AHA: Sounds like Halal market growth! >>Farmers who produce Fair Trade certified products receive a fair price for their labor, don’t have to deal with middlemen who skim money off the top of transactions, follow stringent environmental standards, and invest premiums from sales in community development.
Food producers can now test their own products for porcine DNA
Food producers want to ensure a safe and healthy food supply. There is growing public awareness about food safety as well as about healthy and nutritious foods. Food-borne illness kills thousands per year.
Dubai’s newest hotel, Millennium Plaza, receives Crescentrating of 5
The Millennium Plaza Hotel in Dubai has been awarded a Crescentrating of 5 and includes Halal-friendly facilities such as Halal food, the availability of prayer rugs, prayer times, as well as the direction of the Qiblah highlighted in their rooms.
Luxembourg, a significant hub for Islamic finance
Posted in Business Islamica by Deloitte http://www.islamica-me.com/article.asp?cntnt=706 Although the Grand Duchy of Luxembourg is a very small country in terms of area and population (2,586 km2 and 502,000 inhabitants), it is one of the most important financial centers all over Europe. Nowadays, Luxembourg is considered to be the first European financial centre and globally the [...]
Gatehouse Bank secures student property in Texas
Gatehouse Bank plc (Gatehouse), a wholesale Shariah compliant investment bank based in the City of London, has completed the acquisition of its first US based student accommodation property in College Station, Texas.
USA: Halal standards in Muslim community up for interpretation
Within the U.S. Muslim community, suspicion has grown in recent years about meat sold under the halal label as the number of suppliers expands and standards of animal slaughter get new, modern interpretation by a growing network of certifying agencies
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