KUALA LUMPUR: Halal Development Corp (HDC) expects 6,000 participants for its 12th World Halal Conference (WHC) this year, as interested parties will be able to attend the conference both physically and virtually. HDC chief executive officer Hairol Ariffein Sahari said the conference would be held for the first time in a hybrid manner. WHC has …
Malaysia
Malaysia Urges Halal Firms To Go Digital
KUALA LUMPUR: Malaysian government has urged small and medium enterprises (SMEs) in the halal sector to go digital to get more business from overseas markets. Prof Dr. Suhaimi Ab Rahman, deputy dean of Universiti Putra Malaysia’s (UPM) Economics and Management Faculty (Research, Industrial Network, and Society), said the SMEs need to be proficient in the …
Is Malaysia Ready To Handle The Economic Fallout From Ovid-19?
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
Malaysian Financial Sector has considerable Promise for Expansion
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
HDC To Promote Malaysian Talents For Global Halal Industry
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
Bursa Malaysia Adds Inter-Pacific to Islamic-Compliant List
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
Push for Mergers Among Islamic Banks and Non-Bank Lenders in Malaysia
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
Islamic Banks Expand, But ‘Double-Digit Growth Spree May be Over’
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
Malaysian Incubator Signs Deal to Boost China’s Halal Exports
A Malaysian technology and energy incubator has agreed to collaborate with companies in Hong Kong and China to produce and market halal-certified foods internationally. In a stock market filing, Asia Bioenergy Technologies said its Asiabio Capital subsidiary had signed a memorandum of understanding with YRZC International, Shan Xi Hong Hui Food (SXHHF) and Shan Dong …
Malaysian Incubator Signs Deal to Boost China’s Halal ExportsRead More
Malaysia’s Felda Global Shelves $350 Mln Islamic Bond Issue
KUALA LUMPUR, June 9.An investment holding company of Felda Global Ventures Holdings has shelved plans to sell an Islamic bond in Malaysia, IFRreported on Friday, after investigators raided the parent FGV‘s headquarters following allegations of corruption. FGV Seri Costa had filed 1.5 billion ringgit ($352 million) sukuk wakalah programme with Malaysia’s securities regulator and sole …
Malaysia’s Felda Global Shelves $350 Mln Islamic Bond IssueRead More
AirAsia Female Pilots Get Specially Designed Hijab as Part of Uniform
Malaysia-based budget airline AirAsia has unveiled the latest in crew fashion with a new specially designed hijab for the carrier’s female pilots. The hijab, which will be worn by female Muslim pilots on board AirAsia and AirAsia X flights, was designed in collaboration with hijab brand Naelofar Hijab. The airline said the hijab was “specifically tailored to …
AirAsia Female Pilots Get Specially Designed Hijab as Part of UniformRead More
Non-Halal Chicken Meat Seized in Malaysia
Tawau: Six tonnes of chicken meat from the United States were confiscated from two supermarkets here, Wednesday, for not having the Halal logo – the largest such bust here in an integrated operation led by the Sabah Islamic Religious Affairs Department.Its administration officer here, Abdul Imam Basirun, said the Department of Veterinary and Animal Industry …
