The Halal Times
Global Halal, Islamic Finance News At Your Fingertips
HONG KONG — At the PNB Perdana Hotel, the Quran is standard operating procedure. Just steps away from the iconic Petronas Towers in the heart of Kuala Lumpur, it’s the first hotel in Malaysia to be halal certified. Halal means permissible under Islamic Sharia law, and can refer to both goods and services. Practicing Muslims …
KUALA LUMPUR (April 14): Investment holding company PRG Holdings Bhd, which is involved in property development, construction and manufacturing businesses, is tapping into international halal markets via its wholly-owned subsidiary Premier International Marketing Sdn Bhd (PIM). In a statement today, PRG said PIM will enter into a memorandum of understanding with Felcra International Private Ltd …
Hong Kong’s possible third Islamic global bond in three years brings it closer to Indonesia and Malaysia in terms of sovereign sukuk presence, a boost to the market that coincides with China’s Silk Road revival. The finance center has already raised US$2 billion from sales in 2014 and 2015, which attracted US$6.7 billion in total …
AS THE Muslim travel market becomes a growing force worldwide, ASEAN countries are developing new strategic directions in a bid to wrestle a bigger piece of the lucrative halal tourism pie. This fast-growing sector is projected to grow to 150 million visitors comprising 11 per cent of the global travel economy with an expenditure of …
KUALA LUMPUR: Thomson Reuters today announced the launch of its Islamic Asia Pacific Ex-Japan Islamic Agribusiness Index, covering 30 Shariah-compliant companies in the Asia-Pacific region with revenues derived directly from agricultural products. The Islamic Asia Pacific Ex-Japan Agribusiness Index is the first index of its kind in the Asia-Pacific region. It will be tracked by …
From South Asian classics to beef pancakes and halal dim sum, these down-to-earth restaurants cater to a range of palates Aladin Mess Go through the nondescript entrance near Times Square, walk up the steps past the nail bar and you will find an unpretentious space with equally unpretentious food. This …
DUBAI, Dubai saw on Thursday the listing of the very first Islamic bond or sukuk in its stock market by China’s Hong Kong Special administrative region. Hong Kong’s financial secretary John Tsang Chun-wah rang the bell to celebrate listing of the one-billion U.S. dollar sukuk. The listing marks Dubai as one of the top three …
CIMB Islamic, the sharia compliant unit of Malaysia’s second-biggest lender, said it will pursue a larger balance sheet to help win more business, regardless of whether a proposed merger with two smaller peers happens. In July, CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia Building Society Bhd secured regulatory approval to begin merger talks, …
Financial products based on renewable energy and sustainable agriculture are emerging in Islamic finance as asset managers seek a crossover opportunity between ethical and sharia-compliant investing. Islamic finance follows religious principles which forbid involvement in activities such as gambling, tobacco and alcohol, but the industry has only recently begun to stress themes of wider social …
Hong Kong’s government will hold investor meetings next week for its maiden Islamic bond issue, a spokeswoman for the Hong Kong Monetary Authority said on Thursday. A meeting will be held in Hong Kong on Monday before one in Singapore on Tuesday, Kuala Lumpur on Wednesday and meetings in Dubai, Doha, Abu Dhabi and London …
Demand for Islamic finance training from non-Muslims rose more than fourfold in the past seven years as students seek to enter an industry whose assets are set to double to $3.4 trillion by 2018. Malaysia’s International Centre for Education in Islamic Finance had 2,000 people enrolled on its courses this year, of whom about 14 percent are from nations …
Hong Kong’s financial regulator has said it is to work closely with the Malaysian authorities to develop its Islamic financial market and promote Shariah-compliant products to both local and international investors. The comments were made at an Islamic funds seminar in Hong Kong, where the Securities and Futures Commission and the Securities Commission (SC) Malaysia …
