The Halal Times
Global Halal, Islamic Finance News At Your Fingertips
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 …
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 …
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, …
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 …
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 …
