halaleconomy

COVID-19 vaccine is permissible for Muslim use, preservation of life is key consideration: MUIS
SINGAPORE: The Islamic Religious Council of Singapore (MUIS) said that it “holds the position that a COVID-19 vaccine is permissible for Muslim use”.”We would advise and…

Muslim model Halima Aden quits after being unable to reconcile her beliefs with the industry
SYDNEY: Somali-American model Halima Aden, a trailblazer in the fashion industry, has decided to quit modeling after feeling she’s had to compromise her faith. Aden…

‘Halal tourism’ on the rise, with apps and curtained pool decks
WELLINGTON: A rental company in Orlando, Florida is offering “halal vacation homes” with curtained pool decks and rooms with prayer mats and copies of the…

‘Modest fashion’ looks to move from niche to mainstream
LONDON: When Kerim Ture was first building his online fashion retailer for Muslim women, would-be investors would make Islamophobic jokes. “They would say: ‘Let me…

How mufti of Estonia and his wife open first Tatar teahouse in Tallinn
TALLINN:The first Tatar tea house with halal food Tatari Chaihana & Restoran has opened in Tallinn on the iconic street of Tatari tänav. The initiators…

The Hidden History of Peri Peri Chicken
HOUSTON: South African spicy chicken is sweeping across Texas. In the past decade, the number of peri peri restaurants in the state has jumped from…

DAFZA Highlights Growth Opportunities Within the Islamic Economy
DUBAI: The Dubai Airport Freezone Authority (DAFZA) hosted a webinar to highlight the growth opportunities in the Islamic economy. The webinar took place after the…

Why is Sri Lanka planning to ban cattle slaughter?
COLOMBO: Prime Minister Mahinda Rajapaksa submitted a proposal that legislates against the slaughter of cattle across the island nation – a decision that could inflame…

Halal economy estimated to be worth $3.2 trillion by 2024
DUBAI: The Halal economy is estimated to be worth $3.2 trillion by 2024, according to the newly launched second edition of the Halal Guidebook titled…

UK start-up fills recipe box gap for Muslim communities
LONDON: London-based Saima Duhare launched recipe box start-up Halal Fresh in April 2019. Close to 18 months on, and the ‘one woman band’ business is…

Tauriga Sciences, Inc. Obtains HALAL Certification for Its Flagship Brand Tauri-Gum, america
NEW YORK: Tauriga Sciences, Inc, a revenue generating, diversified life sciences company, with a proprietary line of functional “supplement & chewing gums (Flavors: Pomegranate, Blood…

‘Muslim Spain’ vies for moment in the sun as halal tourism takes off
MADRID: The Alhambra is a hilltop palace at the foot of the Sierra Nevada mountains that was originally built for military purposes but, nearly seven…

Brazil has potential for diversification in halal market
SAO PAULO: Brazil has great potential to supply the Muslim market beyond just beef and poultry, with options including value-added items in cosmetics, pharmaceuticals, food,…

Migrant Kitchen: The Palestinian in New York who gives away 6,000 free halal meals a day
NEW YORK: It’s barely daybreak and Migrant Kitchen NYC is already in full swing. To the uninitiated, it looks like chaos. To the company’s co-founder,…

Halal travel closer at home
JAKARTA: With Hajj trips off this year, Indonesian tour firms seek to make domestic offerings more Muslim-friendly. Indonesia is gradually getting back to business with…

Nathan’s Famous Partners With UAE Based Mezzan Group to Manufacture Halal Hot Dogs
NEW YORK: Nathan’s Famous, Inc., the American tradition serving New York favorites for more than 100 years, has announced it has signed a licensing, manufacturing…

Corporate sukuk to grow slow in 2020
KUALA LUMPUR: Domestic corporate sukuk are in a better position than during the global financial crisis or the Asian financial crisis supported by moderately leveraged…

Working With Islamic Finance
Islamic finance refers to the means by which corporations in the Muslim world, including banks using the EIBOR rates, and other lending institutions, raise capital in accordance with Sharia, or Islamic law. It also refers to the types of investments that are permissible under this form of law. A unique form of socially responsible investment,…

KFH wins ‘Best Bank in Kuwait’ Award 2019
KUWAIT: Kuwait Finance House (KFH), the world leading Islamic financial institution, won the Euromoney Award for Excellence Country 2019 – Best Bank in Kuwait. KFH…

Staying ‘halal’ in Singapore
SINGAPORE: HAWKER centres in Singapore are a mirror of the city’s muticultural society, it is where you can find all sorts of local cuisines ranging…

IRTI, Effat University to organise joint Islamic finance conferences
JEDDAH, March 2019: The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group is to collaborate with Jeddah-based Effat University to…

Islamic finance plays an important role in promotion of Halal industry: Zubair Mughal
Dubai, June 2019: For the promotion of Halal industry the role of Islamic finance is very important. With the support of Islamic banking and finance…

ADIB adjudged Best Islamic Bank in the Middle East
ABU DHABI, June 2019: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has received the award for ’Best Islamic Bank in the Middle east…

3rd China-UAE Conference on Islamic Banking & Finance to explore potential for participative economy
DUBAI: Hamdan Bin Mohammed Smart University (HBMSU) has reaffirmed its commitment to building bridges of knowledge, cultural, and economic exchange with China by organizing the…

Oman’s Al Yusr finances Movenpick Hotel
MUSCAT: Al Yusr, the Islamic Banking Window of Oman Arab Bank (OAB), recently hosted the signing ceremony for the financing of the 4-star Movenpick hotel…