Turkey has great potential for Islamic insurance, report says

Turkey has significant potential in the sector of Islamic insurance, as participation banks in Turkey held $39 billion in Islamic assets in 2012 and these are expected to grow to $121 billion by 2018, according to the Global Islamic Insurance Forecasts Report prepared by Ernst & Young (EY) for the period 2013-2014.

The report also stressed that Turkey's high potential for Islamic insurance is based upon its young population, along with ongoing regulatory reforms and a government that is willing to promote financial inclusion through participation banking.

However, as only four participation banks currently operate in Turkey, there is a major supply-side constraint, as well as limited legal infrastructure in the Islamic finance sector. In a press statement released on Feb. 28, EY Turkey Audit Partner Seda Hacıoğlu stressed that Turkey does not have a clause on Islamic insurance in its insurance law yet, adding that the lack of a developed Islamic capital market by world standards is the primary obstacle to the spread of Islamic insurance in Turkey.
Another factor negatively affecting Islamic insurance in Turkey is the problematic pricing of this insurance, which leads prices to remain relatively low in the sector. Hacıoğlu said that Islamic insurance is based on making profit at the end of a certain period, stressing that this factor constitutes a threat and weakness in the sector.

According to the EY report, global Islamic Insurance assets had reached $11 billion in 2012, a 16 percent increase compared with previous year. Islamic insurance is widespread in Arab countries, Malaysia, Indonesia and also Europe and the US. “It is estimated that currently over 200 Islamic insurance firms operate in 33 countries, while 51 percent of the participation was from Saudi Arabia, followed by the Asian region with 25 percent, in 2012,” Hacıoğlu stated.

Hacıoğlu predicts that as the variety of Islamic bonds starts to diversify, asset management in the Islamic insurance sector will also begin in Turkey, along with an increased trade volume and interaction with Arab countries.


Source: http://www.todayszaman.com/news-341612-turkey-has-great-potential-for-islamic-insurance-report-says.html

Dubai sets sights on halal zones

Dubai plans to develop halal zones to tap into a growing trillion-dollar global market as the emirate seeks to become a capital of the Islamic economy.

Of that, the UAE alone would import $8.4bn worth of halal food by the end of the decade.Arabian Gulf halal food imports are expected to more than double to US$53.1 billion by 2020, according to the Economist Intelligence Unit.

Most halal consumers – Indonesia, Turkey, Pakistan, Egypt and Iran – are a few hours’ flying time from Dubai.

Economic Zones World (EZW), which developed Jebel Ali free zone (Jafza), TechnoPark and Dubai Auto Zone, will develop the halal clusters.

Two of them will be located in Jafza and TechnoPark, covering 850,000 square metres and 700,000 square metres respectively. The aim is to attract companies that trade and manufacture halal products.

“It is estimated that one out of every four human beings consumes halal products,” said Essa Kazim, the governor of Dubai International Financial Centre, who is also the chairman of Dubai Financial Market and secretary general of the recently launched Dubai Islamic Economy Development Centre.

“Given the latent demand, the potential market for halal products and services is huge and will continue to grow,” he added.

The global halal food industry is estimated at $1 trillion, according to a report from Thompson Reuters in December.

The focus on the halal food industry has gained traction in the UAE after Dubai announced its ambition to become to the world capital of the Islamic economy, which would include the finance and banking, food, tourism, fashion, cosmetics, pharmaceutical and media sectors.

With the demand growing, new and existing food companies are tapping into the market.

Canada’s Prairie Halal Foods has been supplying halal beef, veal and lamb to the UAE since 2008, when the company was set up in Alberta. That year, it started supplying meat, honey, maple syrup and cheese to upmarket restaurants and hotels in the UAE.

The two new zones would help highlight the halal food industry, according to Wahid Kandil, the owner and general manager of Prairie Halal Foods.

“By centralising things and streamlining production, sourcing and shipping, it will ensure that the halal integrity is maintained across the chain,” Mr Kandil said.

His company supplies 50 hotels and restaurants, up from 40 last year. Two years ago, it set up a small butchery and processing unit at Dubai Mall. The company now plans to set up a 465 square metre warehouse and processing facility in Dubai Investment Park to treat daily meat and smoked products that could be shipped to neighbouring countries in the region.

In December, Dubai’s Al Islami Foods announced it would expand its presence in Russia and the Caucasus region to appeal to the Muslim population there, estimated at 284 million.

In 2012, McDonald’s Arabia imported 12,000 tonnes of halal chicken from Malaysia, up by 12.3 per cent from the previous year.

Dubai Municipality announced the emirate will host an international centre for testing and accreditation of halal food by the end of the year.

To be certified as halal, food products need to adhere to criteria governing their entire supply chain, from slaughtering of animals to processing and transportation to preparation and storage.

EZW hopes to develop a halal accreditation centre for occupiers of the planned zones. Currently, companies need to go to Malaysia for accreditation. EZW also expects to attract research development and advisory firms to support the entire halal value chain from production to marketing.

Together, Jafza and TechnoPark already have about 700 companies engaged in the production of halal products. While the Jafza cluster would cater to international markets, the TechnoPark facility would serve local and Arabian Gulf markets.

Read more: http://www.thenational.ae/business/industry-insights/economics/dubai-sets-sights-on-halal-zones#ixzz2uSPyeeh9
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AlHuda CIBE will Organize African Islamic Banking and Finance Road Show

Int’l conferences will be organized in Tanzania, Tunisia, Nigeria, Kenya, Ghana, South Africa and Mauritius during the Road show

 (Lahore): AlHuda Centre of Islamic Banking and Economics (CIBE) is committed to hold an International Road Show on Islamic Banking and Finance that will be started from April 2014 form Tanzania and will successfully be ended by September 2014 in Mauritius by organizing Int’l conferences on Islamic Banking and Finance in seven (07) African countries during this entire road show so that African region could progress by taking benefit from the practices of international Islamic banking. Besides Islamic banking and finance, Takaful, Sukuk, Islamic Funds, Islamic Microfinance and various other relevant topics would be discussed during the programs.

Addressing to the announcing ceremony of the Road Show, Muhammad Zubair Mughal, Chief Executive Officer, AlHuda CIBE said that Islamic banking and finance is rapidly increasing all over the world and its assets would reach to 2 trillion dollars by the end of 2014. But unfortunately, the development of Islamic banking and finance is very slow in the entire African region while the 54 African countries could rapidly progress by implementing Islamic finance and Sukuk. The dilemma of African countries is mainly poverty and it could also be overcome through the implementation of Islamic mode of banking and finance in the region where almost 50% population is Muslim while Muslims and non-Muslims both can take benefit of Islamic banking and finance.

While giving reference of Islamic banking and finance in Africa, he further added that there are various countries of Africa where serious efforts are observed for the development and promotion of Islamic banking and finance i.e. Sudan, Tunisia, Egypt, Morocco South Africa and Nigeria while there are a few countries that are taking rapid initiatives towards Islamic banking like Kenya, Mauritius, Libya, Ghana and Senegal. Current economic conditions have further highlighted the need of Islamic banking and finance and African region would definitely take advantages of it. 

He further said that besides the promotion of Islamic banking and finance, the purpose of the road show is also to acknowledge the need of giving hype to the system beyond any political and religious refrains. Specialized training workshops on various relevant topics will also be part of the international conferences like Takaful workshop in Tanzania, Sukuk workshop in Tunisia, Islamic Microfinance in Nigeria, Sukuk in South Africa, Takaful workshop in Mauritius. The core objective of the entire program is to strengthen the foundations of Islamic banking and finance in African region to give back to the progress of Islamic mode of banking and finance there. 

It is to be noted that AlHuda Centre of Islamic Banking and Economics is an international organization working for the promotion of Islamic banking and finance that is working for education, trainings, advisory and consultancy. For further details: www.alhudacibe.com.

Focus on halal food as Gulfood exhibition opens in Dubai

The GCC imports US$25 billion worth of halal food every year, a figure that is predicted to rise to $50bn by 2020.

Halal food consumption is regarded as a key driver of the growth of the global food industry. A report from Thomson-Reuters said global Muslim consumer expenditure last year on food and lifestyle sectors was estimated at $1.62 trillion, about 16.6 per cent of global expenditure. That figure was expected to reach $2.47tn by 2018. Brazil is currently the world’s top exporter of halal meat.With such a high demand for religiously sanctified meat, the Gulfood exhibition that opens in Dubai today is dedicating a pavilion to all things halal for the first time in its 19-year history.

“This year’s show sees the launch of our dedicated halal food platform, Halal World Food, as well as the inaugural World Food Security Summit. This innovative new content will further harness Gulfood’s capacity to drive Dubai’s leading role in steering the global food agenda,” said Helal Al Marri, chief executive of the Dubai World Trade Centre and director general of the emirate’s Department of Tourism and Commerce Marketing.

According to the Economist Intelligence Unit, which predicts the 7 per cent yearly growth of the halal food industry to reach $50bn by 2020, the UAE will import $8.4bn of halal foods headed for the region by 2020.

Food security will also be a pressing issue at Gulfood. Up to 90 per cent of all the food consumed in the GCC is imported with little arable land available to farm. Demand for food is set to rise by 50 per cent over the next 20 years across the GCC according to the Food and Agriculture Organisation.

Given the dry desert landscape, many of the countries in the region have turned to purchasing land abroad to grow food. The UAE and Saudi Arabia have 2.8 million hectares overseas, mostly in greenfield sites in North Africa and South Asia.

“Generally in the UAE we are searching for new technologies, greenhouses, investing in seeds that can grow in hot environments,” said Nael Khalil Saifan, chief operating officer at the Abu Dhabi-based agribusiness company Aldahra. “The Mena region needs to invest in research and technology to increase food and agricultural production.”

More than 90 per cent of Aldahra’s core business is growing animal feed, but the company is keen to grow more foodstuffs including rice, grains, potato and wheat for domestic consumption. It has purchased land in Egypt, Morocco and Serbia to grow vegetables and fruit. Its animal feed is grown in South Africa, Pakistan and Portugal.

More than 80,000 trade visitors are expected to attend the five-day Gulfood show, which runs from today through Thursday at the Dubai World Trade Centre, with 4,500 exhibitors from 120 countries.

Source: http://www.thenational.ae/business/industry-insights/economics/focus-on-halal-food-as-gulfood-exhibition-opens-in-dubai#ixzz2u8YUDfUr

Denmark set to lose millions following halal slaughter ban

Denmark is likely to lose millions of dollars in trade and tourism revenues following its ban Monday on slaughtering animals in accordance with Islamic standards.
Halal (Islamically slaughtered) beef and poultry products are imported in large quantities by Saudi Arabia and neighboring Gulf countries. In fact, around 55 percent of Danish exports to the Kingdom are food-based.
The controversial decision is poised to have a drastic effect on the Danish market since the country is likely to come under a comprehensive boycott as it has on more than one occasion in the past.
The Danish government has already come under fire by religious rights groups in Denmark. Danish Halal, a nonprofit group, has described the ban as a “clear infringement of religious freedom.” The ban has also been branded “anti-Semitic” by Jewish leaders.
Dan Jorgensen, Danish food minister, responded to the criticism on Denmark’s TV2, saying “Animal rights come before religion.”
The decision effectively ends the sale of halal products, much to the anger of residents across the Kingdom.
Sources at the the media department of the Council of Saudi Chambers (CSC) have said that the ban should be lifted with immediate effect, saying that it would strain bilateral trade between the two countries, estimated at SR6 billion.
Fahd Mohammed Al-Hammady, chairman of the National Committee for Contractors at the CSC, told Arab News that he staunchly opposes the ban on halal stuff.
“This is sheer hypocrisy on their part. They slaughter giraffes in public to feed lions, yet they ban the slaughter of meat in accordance with religious standards, which is a clear infringement of religious freedom,” said Taha bin Saeed, a Saudi citizen.
A tour operator at the Fursan Group said that Denmark could have received a large number of tourists thanks to the Schengen visa, which enables non-EU nationals to travel freely to 25 European countries. The ban, however, will definitely make Saudi and Arab tourists reluctant to visit the country and will have a negative effect on tourism, said one agent.
The Danish Embassy in Riyadh could not be reached for comment during the weekend.

Source: arab news

Two Research & Training Giants of Islamic Banking & Finance signed Agreement

AlHuda CIBE & INAYAH Joined Hands to Promote Islamic Banking & Finance Globally 

(Jordan) An agreement to promote Islamic Banking & Finance was signed between AlHuda Center of Islamic Banking and Economics (CIBE) and INAYAH Islamic Finance Research Institute (IIFRI) in an impressive ceremony, which was held today in the Capital of Jordan, Amman.  The Agreement was mutually signed by Dr. Nidal Alsayyed, President and CEO of IIFRI and Muhammad Zubair Mughal, Chief Executive Officer - AlHuda CIBE. According to the agreement, both institutions will jointly work together for the promotion of state of the art applied research and training in multi Islamic Finance areas, particularly in Sukuk and Islamic Microfinance through research, publications, Training, Consulting, Public awareness, and capacity building services in the Middle East and North Africa (MENA) region.

Dr. Nidal Alsayyed, President and CEO – INAYAH said that there is an immense need of synergizing for enhanced Islamic Finance awareness and capacity building at present. He also added that such joint initiative taken by AlHuda CIBE and IIFRI is a promising one, which will prop up Islamic Finance in the region. He said that  INAYAH, collaborating with AlHuda CIBE, shall collectively enhance the awareness and capacity building in Islamic Banking and Finance through master level programs in many other countries including Pakistan.

Muhammad Zubair Mughal, CEO – AlHuda CIBE, highlighted the importance of the agreement, admired such a joint initiative in Islamic Finance taken by AlHuda CIBE and IIFRI and said that it is actually a unique proposition between two dedicated research institutions of Islamic Finance where both of the institutions, connecting their regional and professional expertise, shall work together for joint research on Islamic finance related topics, publications, reports, capacity building, and other related important aspects. He said that agreements, MOUs, and mergers between Islamic Banking and Financial Institutions is the routine practice, but this agreement for joint research in Islamic finance has a unique proposition, which will have a positive impact in the Islamic finance industry. He said that there is an immediate need for research in different aspects of Islamic finance, particularly Islamic Microfinance and Sukuk.  Mughal emphasized that while AlHuda CIBE has substantially worked on different assignments of Islamic microfinance, INAYAH has special expertise in Sukuk structuring and Training, therefore both of the institutions will strategically pool their resources, expertise, and skill to grow the Islamic Microfinance and Sukuk  based platforms on a regional level.

INAYAH is a Jordan based institution, which is working for the growth of Islamic finance having offices in Malaysia, Saudi Arabia, UK, and other countries, while AlHuda CIBE has been aggressively working for the Islamic Banking and Finance industry with state of the art education, research, advisory, and consultancy services for the last ten (10) years.

Exporters urge firms to get halal stamp

EXPORTERS of cosmetic products, food supplements, and food seasoning are urged to seek halal certification to further expand their businesses abroad and tap the huge global halal market, the Philippine Exporters Confederation, Inc. (Philexport) said in a statement over the weekend.

“Halal industry is very much big.... For you [Filipino exporters] to benefit the Middle East market, which actually has a very huge potential, halal certification is one of the compulsory things that you have to undertake,” Har Man Ahmad, Trade Commissioner of Malaysia External Trade Development Corp., was quoted saying in the statement.

Halal products are allowed for use or consumption under Islamic guidelines.

Mr. Ahmad said he believed that the Philippines has a competitive advantage in cosmetics, food supplements, and food seasoning ingredients.

“There are a lot of potentials (for these products). Just by having a small halal seal will bring big difference to your products being exported abroad,” he said.

According to Imarat Consultants, the global halal food market is worth about $500 billion annually.

Efforts to develop the local halal industry began in 2001 under the Arroyo administration, when the Trade, Agriculture, Health, and Science Secretaries and the executive director of the Office of Muslim Affairs (OMA) signed a memorandum of understanding to establish an ad hoc committee on halal food.

Eight years later, Republic Act (RA) No. 9997 was passed, abolishing the OMA and creating the National Commission on Muslim Filipinos (NCMF), which has the authority to regulate and develop the halal industry.

The NCMF is mandated to promote and develop the Philippine Halal Industry and accredit halal-certifying entities for the benefit of Muslim Filipinos and in partnership with appropriate agencies, individuals and institutions here and abroad, according to Article II, Section 8 of RA 9997. -- Daryll Edisonn D. Saclag

Source: www.bworldonline.com

New halal testing method for detecting pig and horse contamination of meat

The mislabeling of meat products sold for human consumption has serious implications from a safety and ethical perspective. With recent news stories of pork and horsemeat contamination in different parts of the world, a renewed need for specialized testing of the food supply has rapidly arisen.

For Muslim and Jewish communities, in particular, it is critical for consumers to know whether there is even the slightest contamination of foods that are considered permissible to eat ('halal' and 'kosher'), having been prepared in accordance with Islamic or Jewish beliefs, respectively.

To help serve the interests of these communities that together make up approximately 23% of the global population, scientists at the University of Münster, Germany, along with scientists from AB SCIEX, a global leader in analytical technology, have developed a new method for detecting pig and horse contamination of meat, including beef, chicken, lamb and others.

Major concerns about inaccurate, fraudulent or misleading labeling of meat-based products were raised during 2013 following numerous reports of horse and pig meat being detected, but not disclosed as contents, in beef-based products sold in supermarket chains across Europe. Moving forward, this new method from the University of Münster and AB SCIEX allows food testing laboratories to test products quickly and easily for trace amounts of pig and horse contamination.

"We are continuing our AB SCIEX tradition in partnering with experts in industry and academia to develop analytical tools that solve big problems," said Vincent Paez, Senior Director of Food & Environmental at AB SCIEX. "The halal testing method is a new tool that effectively addresses the safety, religious, ethical and dietary concerns of consumers who avoid products with pig and horse meat."

The new method, which was recently published in the Journal of Agriculture and Food Chemistry, uses liquid chromatography and tandem mass spectrometry (LC/MS/MS) to detect a number of biomarker peptides that are specific to pig and/or horse.

As a leader in next-generation food testing technologies, AB SCIEX has previously developed similar methods for protein screening in food, including new techniques for detecting allergens such as eggs, milk, sesame seeds, nuts, and mustard simultaneously in food samples. Scientists at AB SCIEX are continuing to look into other similar areas of ethical concern, including detection of gelatin that has come from species such as beef and pork.

Source: AB Sciex Instruments

Japanese Univs Offer Halal Food

A growing number of Japanese universities are offering halal meals in their menus to cater to the needs of the growing number of Muslim students.

"I'd been making my own meals until now, so this is helpful," a 21-year-old student from Malaysia, eating a halal curry dish, told The Mainichi on Sunday, January 26.

The student was at the student cafeteria at the University of Yamanashi, where new items labeled with Halal stickers were added to the menu.

He is one of approximately 180 foreign students at the school, some 50 are Muslims from countries such as Indonesia, Malaysia and Bangladesh.The cafeteria has offered a total of 10 types of halal meals since December 2013.

Serving Japanese universities, the Tokyo Business Association of University Cooperatives purchases chicken and beef approved as halal by the Malaysian government for the Kanto region.

Catering to Muslim students’ needs, the cafeteria prepared Muslims’ food in the same area of non-Muslims, though using different pots and plates to serve the halal meals.

"Countries and sects vary on what food they consider appropriate," the cafeteria manager, Tetsuya Tanahashi, said, "and so we held numerous discussions with foreign students."

The Yamanashi University was one of at least 19 universities who have incorporated halal options into their menus, according the National Federation of University Co-operative Associations (NFUCA).

The meals are prepared and served in accordance with Islamic law, which stipulates the correct method of draining animal meat of blood and prohibits the consumption of pork products and alcohol.

The University of Tokyo was the first to incorporate halal meat into its meal options in 2010 using meat ordered through the association, and four universities in the region have followed suit.

Attracting Muslims

Setting a goal to double the number of foreign students by 2020, Japanese authorities introduced halal meals to attract Muslim students.

"Because many of the emulsifying agents used in Japan are derived from pork, Japan is known among Muslims as a country where they are unable to eat," Takeshi Ito of the nonprofit organization Japan Halal Association (JHA) said.

The Japanese government has set a goal of bringing 300,000 foreign students into the country by 2020, about twice the number of the current 140,000.

But, the number of Muslim students from Indonesia and Malaysia in the 2012 academic year basically remained unchanged from the previous year at 2,276 and 2,319, respectively.

"Whether or not a place offers suitable eating options is a big factor in deciding where to study," Ito added.

Ikhwan Farid, a Malaysian student at the University of Yamanashi, was the one who proposed incorporating halal options into the school cafeteria menu.

"After studying computer engineering, I want to contribute to linking Malaysia and Japan in the future. But having to eat grilled mackerel and udon noodles every day at the cafeteria is rough,” he said.

“Once halal food becomes more widespread, it'll be easier for younger people to come to Japan."

Islam began in Japan in the 1920s through the immigration of a few hundreds of Turkish Muslims from Russia following the Russian revolution.

In 1930, the number of Muslims in Japan reached about 1000 of different origins.

Another wave of migrants who boosted the Muslim population reached its peak in the 1980s, along with migrant workers from Iran, Pakistan and Bangladesh.

Japan today is home to a thriving Muslim community of about 120,000, among nearly 127 million in the world's tenth most populated country.

Source: Onislam.net

Japan: company ensures high quality rice is halal for Muslims

ODATE, AKITA PREF. – A group of small companies has launched a program to offer the Akita Komachi variety of rice to Muslim visitors to Japan, hoping to export the high-quality grain to Islamic nations in the future.

The program began after Feed Innovation Inc., a food venture business in Odate, Akita Prefecture, and Hosana Kikaku, a farming corporation in the city, had their rice production methods certified as halal, or complying with Islamic law, last August.

It was the first and so far only halal certification of rice in Japan, according to the companies.

“We want Muslim tourists coming to Japan to know the good taste of Akita Komachi,” said Koki Sato, 29, president of Feed Innovation.

Halal is an Arabic word meaning “permitted” or “lawful,” and halal food is free from ingredients banned by Islamic law, such as alcohol and pork. To receive certification, an application is filed with a designated Islamic organization for inspection of its production and processing systems.

Feed Innovation, which produces and markets organic farm products, started selling rice harvested last autumn in packages with a halal certification mark. It currently supplies small packages of halal rice to Japanese airports with international routes, as well as in larger quantities to hotels and inns.

The company expects to ship at least 20 tons of halal rice this season. It also hopes to begin exports in the near future to Indonesia and other Southeast Asian nations where Japanese cuisine is popular.

According to the Halal Japan Business Association, an increasing number of Japanese companies are winning halal certification for their food products in the wake of Tokyo’s selection to host the 2020 Summer Olympic Games and UNESCO’s decision to add traditional Japanese cuisine to its Intangible Cultural Heritage list.

There are an estimated 1.9 billion Muslims in the global population of about 7.2 billion. Some demographic experts forecast that Muslims will account for one-third of the world population by 2050.

Japanese companies are pinning high hopes on the growing Islamic market as the domestic market will continue to shrink as a result of the aging population and dwindling birthrate.

The pursuit of halal authorization is not a “temporary boom,” an association official said.

Sato of Feed Innovation underscored the importance of mapping out marketing strategies to make the best use of halal authorization.

“We hope to promote Japanese halal food items overseas,” he said.

Source: Japan Times

Arab countries can alleviate poverty through Islamic microfinance

Poverty can be reduced in Arab countries by taking Jordan as a regional hub of Islamic 
microfinance

(Jordan) Poverty is increasing rapidly in the Arab countries which are blessed with surplus of mineral and oil resources, one of the reasons is absence of financial products for poverty alleviation which are compatible with their religious, cultural and social values and beliefs While through Islamic microfinance poverty can be controlled over and poor can be brought into the financial inclusion in Arab countries. These views expressed by Muhammad Zubair Mughal, Chief Executive Officer - AlHuda Centre of Islamic Banking and Economics (CIBE) in an international workshop on Islamic Microfinance jointly organized by AlHuda CIBE and Arab Student Aid International in Amman - Jordan.

To discuss the current status of poverty in Arab World, he said that poverty is increasing rapidly in Syria, Iraq, Libya, Egypt, Yemen and Tunisia as the consequence of Arab Springs while poverty already exists in Sudan, Somalia and other Arab countries which can be addressed effectively through Islamic Microfinance as it quite suited to their religious beliefs. He, presenting the poverty index in Arab countries, evidenced the substantial existence of poverty in Arab countries including Iraq by 23%, Iran 18%, Yemen 35.8%, Jordan 13.5% and Lebanon 28% etc.

He said that if we look into the geographical location of Jordan it seems to be surrounded by the conflict zones including the neighboring countries like Syria, Iraq, Palestine and Lebanon. While Micro enterprise development, educational development, refugees issues and job creation can be enhanced quickly through Jordan taking as regional hub for Islamic microfinance.

Addressing to the event, Ameera Yaaqbeh Hilal, Executive Director – Arab Student Aid International, said that Islamic microfinance is the critical need of time through which poverty can be alleviated from society by providing Shariah compliant loans to the students and enhancing their vocational capabilities. She also announced to establish the first Islamic microfinance institution in Jordan by utilizing AlHuda CIBE expertise and technical assistance #  

اسلامی ما ئیکرو فنانس عرب ممالک میں غربت ختم کر سکتا ہے

Expand Export Of Malaysian Halal Products Using Pakistan As Platform, Says Council

Malaysian companies should make Pakistan a platform to expand the export of halal-based products to the Middle East and Central Asia.

This can be done by utilising its abundant resources, said the Pakistan-Malaysia Business Council chairman, M. Bashir Janmohammed.

Pakistan is ranked fifth globally for milk production, has the second largest rock salt reserves, is the third largest in mango production and the tenth largest for Mandarin orange production, with an animal population of over 110 million for cattle, buffaloes, sheep, goats, camels, among others.

Bashir was confident that Malaysian companies, with their expertise in processing and packaging, an efficient supply chain and well known marketing skills, can jointly captitalise on Pakistan's unique geographical location.

"Pakistan can serve as a perfect corridor to expand the business in the halal sector," he told Bernama, after a meeting with Plantation Industries and Commodities Minister, Datuk Amar Douglas Uggah Embas here last night.

Uggah is leading a palm oil promotion mission to Pakistan and Iran from January 14 to 22.

He is accompanied by Malaysian Palm Oil Council (MPOC) Chairman, Datuk Lee Yeow Chor, Malaysian Palm Oil Board Director-General, Datuk Dr Choo Yuen May and MPOC Chief Executive Officer, Tan Sri Dr Yusof Basiron.

Bashir also invited Malaysian companies to Pakistan and search for potential joint ventures in various industrial sectors, including ship breaking, pharmaceuticals, palm oil refining, food processing, sports goods and in the
construction sector.

"We also need urgent help in the exploration and production of gas as well as projects in the energy sector," he said.

To date, Malaysian companies have invested in Pakistan in an oil refinery, a liquid cargo terminal, bulking installation of edible oil storage, rice, energy, the infrastructure sector and oil exploration.

On trade, Bashir pointed out that it is crucial to create an awareness of the trade opportunities for the business community of both countries, and maximise on each other's potential to take advantage of the Free Trade
Agreement sealed in November 2007.

Bilateral trade has been on an uptrend since 2007, moving from US$1.362 billion (RM4.49 billion) to touch USUS$2.8 billion in 2011.

Unfortunately, the bilateral trade saw a decline of 24.8% in 2012 to US$2.11 billion, with exports from Pakistan amounting to US$252.89 million and imports from Malaysia at around US$1.86 billion.

Bashir said the balance of trade has been a negative for Pakistan for over a decade and requiring a narrow-down, while increasing Pakistan's exports to Malaysia.

"There is a need to address the trade imbalance by diversifying trade products besides palm oil.

"This can be done by increasing the volume of exports of non-basmati rice, halal food products and frozen seafood to Malaysia. This is given the sizeable demand and fact that Malaysia imports such products from neighbouring countries," he added.

At a dinner with over 30 Pakistani captains of industry, hosted by the Pakistan-Malaysia Business Council last night, Uggah in his speech said:

"Some of the issues raised by the council are under my portfolio and some under other ministries.

"But my responsibility is to take these issues back home for us to consider and improve our trade and investment relations,".

He also expressed hope that the Pakistani business community would realise that Malaysia's population currently stood at around 29 million – slightly higher than that of Karachi – and therefore, purchasing capacity was limited.

He also invited the Pakistani business community to consider Malaysia as a launching pad to penetrate the South East Asian market, home to 500 million people.

Source: Malaysian Digest

Halal Soap

Muhammad Zubair Mughal

zubair.mughal@halalrc.org

The relation between soap and human is as old as the history of culture. Soap has always been the part of civilized society in different shapes either in the shape of Soil collection or mixture of tree leaves and vegetables or mixture of ash and oils while, presently, it comes up with the unique blend of various chemical components, as it is known as liquid soap, beauty soap, toilet soaps and antibacterial soaps etc which is the dire need of each house. As per a careful estimate, about 6 billion people of the world use soap daily and this number is prominently increasing day by day.

But current chemical components and scientific developments have raised differnt questions about the Halal authenticity of soap and have evidently proved the involvement of non Halal ingredients i.e. Tallow extracted from the fat of swine, chemical from the haram animals’ flow “Satiric Acid” which is obtained from Lards and all this mixture and blending have distinguished between the division of Halal and haram. While in Islam the matter of Halal and Haram is not only confined to foods rather it is also applied on services (Islamic Banking, Islamic mode of businesses and Islamic Finance etc), clothes and tangible items such as Cosmetics, Soap and Paint  etc. When man enters in the category of impurity by touching some haram animals and it becomes mandatory to have shower (Ghusal), then now would it be justified to take bath while using the soaps which is produced with chemicals from the ingredients obtained from same animals? Will his worship be accepted after using that soap? 

Hence, it is needed that we should discriminate Halal and Haram in tangible (consumable) items along with food and services. We buy and adopt with joy the leather made imported items such as shoes and hand bags imported from Italy and other countries but do we ever think of the ingredients used in those products and the skin of the animal which was used in those products? Whether the Halal animals are utilized in those countries? If “No” then which animal’s skin was used as leather? Which chemicals are used in dying processing of towel that we use to clean the face. Is it obtained from swine’s Fat? Which chemicals are used in our paint industry etc? These are the matters of deep concentration that I leave on the readers who need to make the efforts to avoid haram a part of our life. The prime objective of this piece of writing is not to put the Muslims into the fear rather to highlight the issues caused by latest chemical evolution. If we analyze the current volume of cosmetics industry globally which is about US $ 335 billion but share of Halal cosmetics is US $ 13 billion while our, Muslim, population is about 1.6 billion which is the 26% of whole world population, so, as per these figures

non-Halal cosmetics have more consumption in Muslim countries and the main reason behind it is the lack of awareness and no discrimination between Halal and haram in material items. May Allah (Subhana wa’a Taala’a) forgive us for the sins caused by lack of awareness and give us enough strength to avoid them in future (Ameen). 

Halal Research Council (HRC), keeping in view the social, religious and professional responsibilities, inaugurated a specialized department for state of the art research in Soaps, Cosmetics, Dyeing and Paint Chemical to resolve the problems in these industries through in depth research to give a clean and purified society to the Muslim world. 

Halal Soap

Penang halal expo from Friday

GEORGE TOWN: The Penang International Halal Exposition and Convention will be held from Friday to Sunday, here, for the fifth time.

State Domestic Trade and Consumer Affairs committee chairman Datuk Abdul Malik Abul Kassim said over 200 local and foreign companies would set up their booths at Subterranean Penang International Convention and Exhibition Centre.

"The halal market is an emerging industry worth billions of ringgit in the global market.

"The huge international market is a big opportunity for Malaysia trade exhibitors to showcase their products," said Malik.

He said a total of 266 booths would be put up at the concourse and main arena.

Malik said the international exhibitors would be from the Netherlands, Belgium, United Arab Emirates, Algeria, Morocco, Turkey, Iran, Pakistan and Thailand.

He added that non-Muslim groups had been the main consumers in the halal industry. 

Source: NST

Muslims having problem in "halal meat" in US

Owner of the biggest halal slaughter facility said 60 percent of "halal" certified meat was not actually halal

NEW YORK - One of the most important questions for Muslims abroad is "halal meat" certificate and how they can trust them.

The need of "halal meat" for millions of Muslims in the US is met by many facilities.

The slaughter facilities are inspected by several certification bodies but there are also black sheep among them which send the certificate via internet.

Especially in New York's smallest and most densely populated neighborhood, Manhattan, you can buy "halal meat" phrased food on every corner. However, there are some questions about the hygienic conditions and whether the meat was slaughtered according to Islamic law.

Suleyman Duman, an official for Islamic services in Turkish Consulate General in New York told AA, "our people who live abroad must examine whether the meat they consume is halal slaughtered or not."

Duman said that a Muslim had to say the words "Bismillahi Allahu Akbar" before slaughtering the animal, and added that he had to cut its throat and let it bleed before using electroshock.

Ali Kucukkarca, the owner of the biggest halal slaughter facility in the east of the US, told AA that many institutions which gave a halal certificate were not reliable.

Kucukkarca said, "60 percent of the meat which is being sold with halal certificate in New York and New Jersey is not halal." Kucukkarca underlined that some Turkish butchers also sold meat which was not halal and noted, "one of the most reliable and biggest institutions giving "halal meat" certificate is 'Shari'ah Board of America'."

Kucukkarca reminded that the Jewish butchers were also checked by inspectors who handed out certificates. "But the inspectors, who check the Muslims do not visit their stores or control anything because the Muslim community do not make such a demand."

Source: Turkish Press

Jakim slams falsifying of halal logo on pictured beer can

KUALA LUMPUR: The Malaysia Islamic Development Department (Jakim) today denied approving the use of the halal logo on alcoholic drinks as depicted on a beer can shown on Facebook and the Whatsapp application.

The department's Halal Hub director, Hakimah Mohd Yusoff in a statement said Jakim had lodged a report on the matter at the Putrajaya police station for investigation.

This followed complaints and information received from the public on the picture of the Carlsberg can of beer with the halal logo on it appearing on the social media.

"We stress here that Jakim has never issued the halal certification or approved the use of the halal logo by the company or on its products. In fact, other products produced at the same manufacturing plant would not be issued with the halal certification or logo even it these are not alcoholic drinks," Hakimah said.

She said action could be taken against any quarters under the Trade Description (Certification and Marking of Halal) Order 2011 for misuse of the halal logo.

"Jakim regards the display of the picture as ill-intended and an attempt to undermine the department's credibility as a body responsible for halal certification in Malaysia and which is recognised nationally and internationally.

"The action will also not only create negative perception of Jais but could also hurt religious sensitivities.

"Therefore, Jakim condemns the falsifying of the halal logo, whether deliberately or with the intention to provoke, which could also create polemic among the public on the matter," she added.

She hoped consumers would not be taken in by false news spread via the social websites by irresponsible quarters and that such misdeeds should stop.

Meanwhile, Putrajaya police chief, ACP Abdul Razak Abdul Majid, when contacted, confirmed having received the police report on the matter.-- BERNAMA

Source: www.nst.com.my

Jordan is promoting Islamic/Halal Tourism

Jordan has launched a campaign to attract tourists from Muslim countries to boost the domestic tourism sector, reported the al-Hayat newspaper.

“The board launched a campaign to promote Islamic tourism in Jordan and attract tourists from Muslim countries, especially from Malaysia and Indonesia, given that Jordan is a base and a gateway for holy Muslim and Christian shrines,” said Abdul Razaq Arabiyat, the managing director of the Jordan Tourism Board, in a released statement.

The campaign aims to boost the profile of religious sites in Jordan as an attraction for foreign tourists and seeks to promote religious tourism as “a main source of tourism revenues in the kingdom,” added Arabiyat.

A number of promotional programs have been adopted by the board to attract those Muslim tourists intending to travel to Saudi Arabia to perform the annual hajj pilgrimage, who then continue on with their religious tour by traveling to Jordan and Palestine.

“We’ve signed a number of agreements with tourism companies in Indonesia and Malaysia on visiting religious shrines in Jordan and Palestine… such as the site of the battles of Islamic conquests,” said Arabiyat.