The Halal Times
Global Halal, Islamic Finance News At Your Fingertips
At least some Halal industry players in Europe and other parts of the world are ruining the industry. They have been using immoral practices to make money at the cost of integrity to the industry and to the end-users alike. Mr. Mohamed Benkhelifa from HALAL EHT INTERNATIONAL exposes some of the malpractices he has witnessed …
ISLAMABAD: With some subdued downward risks, Fitch Solutions on Monday forecast Pakistan’s economic growth at 4.2 percent — against the government’s target of 4.8pc — in the current fiscal year (FY22) owing to supportive monetary and fiscal conditions and improving vaccination rates. The report by Fitch Solutions — which offers financial information services — noted …
ISTANBUL — Halima Aden, the first supermodel to wear a hijab and pose in a burkini, has ripped up her lucrative contracts in an industry she feels lacks “basic human respect” and entered the world of modest fashion design instead. For the Somali-American who was born in a refugee camp in Kenya, it was a matter …
Hina, Oyama, Ichimatsu dolls… Keeping people and cultures connected through making dolls that fit people’s lifestyles. Hina dolls are said to have appeared among the Japanese nobles in the Heian period (794-1185). Hina dolls have long been a part of the unique Japanese culture-to decorate on Doll’s Festival (Hinamatsuri), hoping for the healthy growth of …
The Takaful sector in Indonesia is expected to become more competitive in Indonesia as more players from other ASEAN countries are also planning to enter the market, says Indonesia’s vice president Mr. Ma’ruf Amin. The competition is expected to intensify when the ASEAN Framework Agreement on Services (AFAS) takes effect on 1 January 2025. Mr. …
Touch ‘n Go Group said that Principal e-Cash Fund, the underlying fund for Touch ‘n Go’s GO+, is now shariah-compliant, making it Malaysia’s first shariah-compliant eWallet product. In a statement, Touch ‘n Go Group said through the shariah-compliant fund, its eWallet customers will still gain access to low-risk money market investments for as low as …
The maiden Sukuk bond to have been issued in Tanzania was oversubscribed last week as investors’ appetite for assorted investment avenues remains high. Sukuk is the Arabic name for financial certificates, also commonly referred to as sharia-compliant bonds. They are simply securities of equal denomination representing individual ownership interests in a portfolio of eligible existing …
Malaysia is keen to collaborate with the travel industry in Indonesia and Thailand to develop a common set of Muslim-friendly tourism standards in hopes of attracting more Muslim travelers to the destinations. The initiative, proposed by the Ministry of Tourism, Arts and Culture Malaysia (MOTAC), would enhance cooperation within the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT). Noor …
By Islamic Services of America (ISA) At the beginning of the COVID-19 Pandemic, the US Government identified 16 critical sectors so important to the needs of the country, that without them the country’s health and security would be compromised. Critical Sectors Critical sectors include chemical, commercial facilities, communications, critical manufacturing, dams, defense, emergency services, energy, financial services, food and agriculture, …
On a mission to engage and inspire the local and global halal community, the Malaysia External Trade Development Corporation (Matrade) announced that the 17th Malaysia International Halal Showcase (Mihas), scheduled from September 9 to 12, will for the first time be presented in a virtual format. According to Matrade Manila Trade Commissioner Siti Azlina, “In …
Access to finance has traditionally been a challenge for small and medium enterprises (SMEs) across the globe. It is paradoxical, given the critical role played by the sector in economic growth and employment generation. According to an International Finance Corporation (IFC) report, SMEs represent about 90 percent of businesses and generate more than 50pc of …
Due to the current pandemic situation around the world and after discussing with our local partners, 1st Arabia Tradeshows & Conferences have decided that it is better to have the Saudi International Halal Expo postponed to next year. We officially announce that the new dates for the Saudi International Halal Expo will be 7-9 November …
Committed to strengthening Malaysia’s position as the world’s halal hub leader, the Malaysia External Trade Development Corporation (MATRADE) aims to facilitate high-value, cross-border halal trade digitally at the upcoming Malaysia International Halal Showcase (MIHAS) in September. “Digitally enabled trade is the way forward and key in rebuilding Malaysia’s economic resilience. In keeping up with the …
By ISA Halal Halal is not the same as Kosher or Organic, but there are similarities between Kosher and Halal, and food and cosmetics that are certified Halal may also be certified Organic. The concepts of halal and kosher are both rooted in scriptural passages relating to what Muslims and Jews, respectively, may eat. …
Hundreds of financial institutions are involved in Shariah-compliant transactions, making Islamic social finance an established and recognized industry around the world. Its assets were estimated at $2.88 trillion in 2019 and are expected to reach $3.69 trillion in 2024. The growth of the industry fostered an increasing interest in developing Islamic social financial (ISF) tools, …
Solo travel is a rewarding, life-changing experience that is on a lot of people’s bucket lists, but it has its challenges. As a female, you may have reservations about traveling solo; this can be especially true if you are a Muslim woman. However, with some common sense and a bit of forward planning, you …
Islamic finance may have just reached a new level, with Sydney-based company Ijarah Finance now able to offer a suite of lending products previously unmatched in the niche finance market. Some time ago, Crescent Finance also started pushing for Shariah-compliant home loans. The Muslim population of Australia is estimated at 2.6% of the country, a …
According to the Global Islamic Economy Indicator Report 2020, the spending of Muslims on travel increased by 2.7 percent in 2019 from $189 billion to $194 billion. Saudi Arabia, the United Arab Emirates, and Qatar ranked as the top three countries by spending. However, due to the devastating impact of the COVID-19 crisis, Muslim consumer …
Yawmul ‘Arafah is considered the most important day of the entire Hajj pilgrimage. In fact, the Prophet (saw) said: “Hajj is ‘Arafah” (Tirmidhi). It is so important that if one misses ‘Arafah, their Hajj is not complete or valid. On this day all the pilgrims – women, men, old, young, rich or poor, of every …
Halal glamping: what is it? Why should you care about the concept? What are the most famous Halal glamping locations in the world? Glamping is a style of camping with amenities. Halal glamping is a form of camping that offers Halal amenities. Halal glamping is exactly what it sounds like – glamourous or an …
Cairo-based food discovery, ordering, and delivery platform Elmenus has raised $10 million in fresh funds (pre-Series C), from leading Egyptian payments firm Fawry, it announced in a statement today. New York-based hedge fund Luxor Capital, and Egyptian property developer Marakez, also participated in the deal. Luxor has previously backed companies like Zomato, Glovo, and GoPuff. …
One of the oldest banks in the United Arab Emirates is preparing for a digital-only future as it fends off competition from non-traditional financial services startups. Dubai-based Mashreqbank PSC now operates just 10 branches in the United Arab Emirates, down from 34 two years ago. That’s set to fall further, with Chief Executive Officer Ahmed Abdelaal predicting …
ROME — The United Nations on Monday lamented a “dramatic worsening” of world hunger last year, saying much of that is likely connected to the pandemic, and it urged billions of dollars to save millions of people from starving. A report issued jointly by five U.N. agencies said hunger outpaced population growth in 2020, with …
Is the Halal tourism sector recovering amid the COVID-19 pandemic? What is the Halal tourism recovery plan? How can we rebuild Halal tourism for the future? Are we ready for a post-COVID-19 Halal tourism recovery? Well, we may not have definitive answers to these and many other related questions. By looking at the recovery plans …
