The Halal Times
Global Halal, Islamic Finance News At Your Fingertips
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 …
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 …
BEKASI, NETRALNEWS.COM – Grand Galaxy Park again presents the annual event awaited by Indonesian women with hijab – Miss Hijab Glam 2017. The event was successful in 2016 with more than 200 hijabers sending photos to participate in Miss Hijab Glam. Communications & Digital Media Manager at Grand Galaxy Park Mall Dwana Anggana said that …
Jakarta: – Based on the study by the Mastercard-CrescentRating Global Tourist Index (GMTI) 2017 officially released in Jakarta, Indonesia ranks third in the Muslim tourism market sector (halal tourism) for a number of Organization of Islamic Cooperation (OIC) and non-OIC destinations. Indonesia’s position is up one rank from the previous year. The leader of the …
The journey of the Ahmed Al-Kadi Private Hospital has certainly been an exciting one. In 2008, the Islamic Medical Association (IMA) was tasked with the mammoth undertaking of establishing an Islamic hospital in the Durban area. Finally, the hospital stands before members of the community in all its state-of-the art glory. Their vision is to be the leading premier health care facility of choice …
Jakarta. Aneka Gas Industri, Indonesia’s largest supplier of industrial gas, is planning to raise Rp 400 billion ($30 million) from the sale of conventional bonds and Islamic bonds, also known as sukuk, in May to refinance debt. Aneka Gas produces and distributes industrial gases, including oxygen, nitrogen, synthetic gas, fuel gas and medical gas, along …
JAKARTA, NETRALNEWS.COM – Total bond and sharia bond (sukuk) issuance value on Indonesia Stock Exchange (IDX) has reached IDR27.49 trillion from 15 bonds issued by 14 issuers as of April, 2017. The latest bond listed on IDX on Wednesday (4/12) was the second phase second sustainable bond issuance 2017 by state-owned banking company Bank Rakyat …
Online fashion retailer Zalora recently showcased its latest Muslim collections created by Zalia, its in-house design team, and the Indonesian designers Anniesa Hasibuan, Vivi Zubedi, Kamilaa by Itang Yunasz, Kami Idea and I.K.Y.K. Held on Friday in Senayan City, the event presented around 60 new looks for men and women. The Zalia collection, for instance, took on …
Indonesian halal e-commerce platform Muslimarket has raised a Series A funding that puts the company’s value to around US$10 million, according to a report by Dealstreet Asia. 500 Startups, an unnamed local investment firm, and a few undisclosed individual investors participated in the round. The company plans to use the funding for promotion, marketing, and …
TEMPO.CO, Jakarta – Siti Aminah, head of the halal product sub-directorate at the Religious Ministry said that the government regulation on the halal guarantee is nowhere near finalization as not many halal certificates are attached on pharmacy products. “Not all pharmacy products use halal ingredients,” Siti Aminah said on Monday, October 17, 2016. “The halal certification for …
JAKARTA — Measures to boost Indonesia’s relatively small Islamic finance sector could help the government implement an ambitious infrastructure modernization program across the 13,000-island archipelago, according to the country’s recently appointed finance minister. A week after she was appointed finance minister by President Joko Widodo in a cabinet shake-up, Sri Mulyani Indrawati described Indonesia’s infrastructure …
Jakarta:- The Tourism Ministry of Indonesia plans to develop West Sumatra as a halal tourist hub to attract more tourists from rich Muslim countries, such as Malaysia, Saudi Arabia and the United Arab Emirates. Tourism Minister Arief Yahya said at a coordination meeting with 19 regents and mayors in Padang, West Sumatra, on May 12, …
Jakarta-Sofyan Djalil, Minister of National Development Planning, said that the National Sharia Finance Committee (KNKS) is tasked with building the industry by implementing the Master Plan for Indonesian Islamic Financial Architecture. “The plan comprises of comprehensive strategies in developing the sharia finance industry,” Sofyan said in the ministry’s press release Tempo received on Thursday, April …
Jakarta – Indonesia is now intensively promoting the development of halal tourism in an effort to attract tourists from Muslim nations, particularly countries in the Middle East. The Tourism Ministry has designated at least 10 provinces as halal tourist destination regions, which comprise six provinces or special regions in Java (Banten, Jakarta, West Java, and Central …
Jakarta: – Indonesia has broken several records in the finance industry recently with a hot $2.5bn wakalah deal. Not only was this the sovereign`s first dual-tranche appearance in the asset class, it was also its largest-ever in the global financial market. By concluding the deal, Indonesian government and its central bank have shown professionalism in …
Jakarta: – Islamic financial institutions work separately in Indonesia, making their growth relatively stagnant compared to similar institutions in other countries despite the potential posed by serving the world’s largest Muslim population. The growth of sharia finance in Indonesia is stagnant at 4.8 to 4.9 percent yearly. It has never reached above 5 percent. Thus, …
Jakarta (ANTARA News) – Japan, the third-largest foreign investor country in Indonesia, is showing interest in expanding their businesses in the food sector after seeing progressive developments of the Japanese society in Indonesia. “I have received reports that several Japanese food companies are contemplating entering Indonesia after observing the spurt in the number of Japanese …
JAKARTA — Indonesia’s central bank has issued new rules authorizing shariah-compliant hedging in the country, citing the rapid growth of Islamic foreign exchange transactions and the rupiah’s volatility. The new regulations are intended to “avoid potential losses from currency fluctuations” in Islamic financial institutions’ financing activities, the central bank said. They are based on principles …
BNP Paribas SA, Manulife Asset Management and Schroder Investment Management Ltd. have set up global Islamic stock funds in Indonesia, a much-needed boost for the nation’s Shariah finance industry. The money managers all started Jakarta-based plans last week targeting Islamic stocks worldwide, following a November ruling allowing local investment managers to run dollar-denominated Islamic vehicles. Saudi Arabia …
Indonesia has chosen a good time to tap the global Islamic bond market as it attracts record inflows with developing Asia’s best-performing currency and local sovereign debt. The government plans to offer Shariah-compliant notes in March, Scenaider Siahaan, director at the Finance Ministry’s budget financing and risk management office, said by text message on Tuesday. Aberdeen …
Indonesia gears up to lure more foreign visitors as 2016 commences. Taking part in one of the recognized expositions in the European market, especially in Spain, Indonesia is back at the IFEMA Madrid Hall 4, stand F30. During these three business days and two consumer days of the travel bourse starting from January 20-24, 2016, …
Jakarta: –. Answering the Indonesian government’s call to turn the country into a Mecca for Muslim fashion, three friends and creativepreneurs, Dian Permata, Indira Putri and Anis Saffira, set up a department store for Muslim women called Hijab Dept, in Central Jakarta’s FX Sudirman mall. “Hijab Dept will be a platform for local creativepreneurs in Muslim fashion,” …
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 percent of the global travel economy with an expenditure of US$200 …
Jakarta. The biggest fashion festival in Indonesia, 2016 Jakarta Fashion Week (JFW), kicks off this Saturday at Senayan City shopping mall, South Jakarta, entering its eighth edition to more than 250 Indonesian and 15 international designers. Self-proclaimed as the most influential fashion week in Southeast Asia, the programs held during JFW include not only include a …
