Global Halal, Islamic Finance News At Your Fingertips
WASHINGTON- The World Bank is estimating that the coronavirus outbreak will cause economic growth to slow significantly this year in China and other East Asian-Pacific countries, throwing millions into poverty. Under a worst-case scenario, the region could suffer its sharpest downturn since a devastating currency crisis more than two decades ago, the bank said in …
Asian Economies To Suffer Heavily Due to COVID-19 OutbreakRead More
Jakarta. The Indonesian government will temporarily ban all foreign visitors from entering the country and oblige all its citizens returning from other countries to undergo a two-week quarantine to stop imported cases of COVID-19, officials said on Tuesday. “The president has instructed that the existing policies [on COVID-19 outbreak] need to be strengthened, so it was …
Is Malaysia ready to handle the economic fallout from COVID-19? The country has been facing this seemingly unsurmountable challenge along with other world economies due to the coronavirus pandemic. Can it also save the Islamic economy ecosystem it has developed over the past three decades? The following is an analysis recently published on the www.thestar.com.my. …
Is Malaysia Ready To Handle The Economic Fallout From Ovid-19?Read More
Minister of Foreign Affairs of Maldives, Abdulla Shahid Minister on Saturday requested Brunei to help establish a halal science laboratory in the Maldives. The minister requested a meeting with his Bruneian counterpart, Dato Seri Setia Haji Erywan bin Pehin Datu Pekerma Jaya Haji Mohd Yusof, during his ongoing official visit to the country. During the …
Brunei To Help Maldives Establish Halal Science LabRead More
In Malaysia, where annual economic growth has averaged just under 5 percent over the past five years, fintech is a part of everyday life. It is rapidly becoming a central part of the country’s financial sector, with considerable promise for expansion, according to new IMF analysis. With its growing middle class, high mobile phone penetration rates, and strong government …
Malaysian Financial Sector has considerable Promise for ExpansionRead More
Investments from Qatar could play a key role in the Philippines’ bid to become Asia’s halal hub, DTI-Trade Promotions Group (TPG) Undersecretary Abdulgani M Macatoman said Sunday. Citing the need for more halal processing facilities in the Philippines, Macatoman said the country could benefit from Qatari investments and expertise, as well as in knowledge …
Qatari Investment Could Help Philippines Become An Asian Halal HubRead More
PETALING JAYA: The Halal Development Corporation Bhd (HDC) plans to promote up to 700 Malaysian professionals in the international market to meet the strong demand for talents with experience in the halal sector. CEO Hairol Ariffein Sahari said the talents will be needed for the companies’ halal operations as well as the exchange of technologies …
HDC To Promote Malaysian Talents For Global Halal IndustryRead More
KUALA LUMPUR (June 20): Bursa Malaysia Bhd has added Inter-Pacific Securities Sdn Bhd to the bourse operator and regulator’s Islamic participating organisations list to further grow the Islamic capital market. Bursa Malaysia said in a statement today that Islamic stockbroking services played an important role, under which clients’ funds were placed in Shariah-compliant accounts. “With …
Bursa Malaysia Adds Inter-Pacific to Islamic-Compliant ListRead More
With food accounting for nearly two-thirds of business in the global halal economy, there has been a flurry of new product activity in Asia-Pacific. According to market intelligence agency Mintel, 13% of all product launches in the region have carried the “halal” claim since 2012, with Indonesia, Malaysia and Thailand the top destinations in this …
Mintel: 13% of Asia-Pacific Product Launches Carry Halal ClaimRead More
CONVENTIONAL banks aside, there is a push by industry players for mergers and acquisitions (M&A) to take place in the crowded Islamic banking as well as the non-bank lender space. There are 16 Islamic banks in Malaysia. Two are full-fledged standalone banks: Bank Islam (M) Bhd and Bank Muamalat Malaysia Bhd. Eight more are subsidiaries …
Push for Mergers Among Islamic Banks and Non-Bank Lenders in MalaysiaRead More
BRUNEI Darussalam has been ranked 12th in the latest Global Islamic Economy Indicator (GIEI), prepared by the answer company of Thomson Reuters. Brunei made it to the top 15 list for the first time, moving up five spots replacing Egypt. The Sultanate had a big jump in the Halal Travel ranking (10 spots) and strong …
Brunei Ranked 12th in Global Islamic Economy IndicatorRead More
Islamic banks have continued to expand their balance sheets and capital buffers, but the era of double-digit growth rates could be coming to an end while asset quality concerns creep up, an industry oversight body said recently. Islamic finance, which has its core markets in the Middle East and Southeast Asia, follows religious principles that …
Islamic Banks Expand, But ‘Double-Digit Growth Spree May be Over’Read More
