With approximately 5 million residents, France has a large Muslim population, more than any other European country, originating mostly from the Maghreb countries (Algeria, Morocco, and Tunisia). However, despite the favourable demographics, France is falling behind its European rivals in courting the Islamic finance industry. As the United Kingdom basks in the success of …
France
Saudi Firm Takes Stake In French Poultry Producer
JEDDAH – The Saudi-Arabian food group Almunajem has taken a stake of 25% in the French poultry producer Groupe Doux. The transaction completes the financial restructuring of Doux that filed for insolvency over two years ago. Almunajen is the principal customer of Groupe Doux, which went down in the summer of 2012 because of its …
Halal Test Kit To Check For Traces Of Pork In French Halal Products
A French company has developed a so-called Halal test Kit which will allow Muslim consumers to detect, within a matter minutes, the presence of pork or alcohol in food. Some have suggested it could be the latest “Made in France” success story. Priced at €6,90 each or €125 for a packet of 25, a device, …
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Wrong Labelling Of Halal Meat Threatens French Halal Meat Producer
France — Fat and pork liver contained in a halal product. A reading of this ingredient on the label of a country terrinette the Oriental brand Meat, certified by the ACMIF (Cultural Association of Muslim Ile-de-France) of the Great Mosque of Evry Courcouronnes, the shock of Muslim consumers did not fail to make the rounds …
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Big Trio Trying To Conquer The Islamic Finance Industry
Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks’ ability to win over industry purists. Since June, France’s Societe Generale, Bank of Tokyo-Mitsubishi UFJ (BTMU) and Goldman Sachs have set up sukuk programmes, aiming …
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A French Mayor Sparks Fury On Halal Slaughtering
Hayange, France:—Mayor FN Hayange Fabien Engelmann attacks a Halal butcher due to the fact that he did not want trade by Muslims on Sundays, and it attracts lot more customers than usual, the exact opposite of what he wanted. He wanted the immediate closure of the halal butcher shop in question. According to France Info TV, the mayor sent …
French Court Dismisses Ruling Ordering Halal Food For Muslims In Jail
A French court on Tuesday cancelled a November ruling ordering a prison to provide halal food for Muslim prisoners, in the latest legal battle over an issue that has caused controversy in the secular republic. The French government had sought to overturn the ruling by an administrative tribunal that argued that the Saint-Quentin-Fallavier jail in …
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FAAIF Announces Two Day Workshop On Islamic Finance and Banking
FAAIF enters the US markets with Islamic Finance. USA, June 23, 2014(PressReleaseCircle) — Al Huda CIBE and FAAIF, continuing with their commitment to bring Islamic finance to the United States, announce a joint-training workshop in Islamic Banking and Finance in conjunction with the University of New Orleans October 6 and 7, 2014 in New Orleans, …
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