BANGKOK: Researchers at Chulalongkorn University’s Halal Science Center have developed an all-in-one strip test to quickly detect the DNA of five forbidden meats in a single test. Food tainted with...
Kimly to buy 75% stake in halal food business Tenderfresh for $54m
SINGAPORE: Coffee-shop operator Kimly has proposed to acquire a 75 per cent stake in home-grown food business Tenderfresh for $54 million, giving it an opportunity to expand into the halal food industry in Singapore and neighbouring countries. The company has entered into an acquisition agreement with Tenderfresh founders Soh Chun...
Al Baraka Banking Group records a net profit of US$ 26 million attributable to shareholders, for the first quarter of 2021
MANAMA: The Bahrain headquartered leading Islamic banking multinational, Al Baraka Banking Group BSC (ABG), which is traded at Bahrain Bourse and Nasdaq Dubai (under the trading code 'BARKA'), announced a net income attributable to shareholders of the parent company of US$ 26 million in the first quarter of 2021, compared...
Millennium launches international operations in Dubai to support $2.5 trillion global Islamic finance sector
DUBAI: Millennium Information Solution FZ-LLC a well-reputed core banking solutions provider for the US$2.5 trillion(Dh9.1 trillion) global Islamic finance sector, has recently launched its international operations at the Dubai Internet City. Global Islamic financial assets reached US$2.5 trillion in 2018, of which Islamic banking assets represents 70 per cent, or...
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 balance sheets. Going into the current crisis, corporate sukuk had relatively stable cashflow metrics, said Malaysian Rating Corp Bhd’s (MARC) chief ratings officer Rajan Paramesran....
IHAF strengthens global halal trade integrity with members topping the list of halal food exporters in 2019-2020
DUBAI: The global halal integrity in trade has reached a major milestone in 2020, with the members of the International Halal Accreditation Forum (IHAF), the…
Halal industry has big potential even in predominantly Christian Philippines
MANILA: Seeing the potential of Islamic finance and the halal industry in the Philippines, businesses might as well look into how they can get halal…
Dubai Islamic Economy Development Centre to enhance cooperation with RIW Group
DUBAI: The Dubai Islamic Economy Development Centre (DIEDC) announced the signing of a memorandum of understanding (MoU) with the Group of Strategic Vision ‘Russia –…
Turkey passes halal accreditation agency law
ANKARA: Turkey’s parliament has approved a law for establishing the country’s first halal accreditation agency, Anadolu news agency reported. Under the law, the Halal Accreditation…
Test strip detects prohibited meats in Halal food
BANGKOK: Researchers at Chulalongkorn University’s Halal Science Center have developed an all-in-one strip test to quickly detect the DNA of five forbidden meats in a…
4th Cambridge Islamic Finance Leadership Programme concludes with huge success
CAMBRIDGE: The 4th edition of Cambridge Islamic Finance Leadership Programme (Cambridge-IFLP) concluded recently with huge success that witnessed participation from around the world. While delegates…
University highlights importance of Islamic Finance education
KUALA LUMPUR: With the rising importance of Islamic Finance in the global financial services industry, the University of Reading Malaysia is positioning itself to be…
Rising to the call for action for Halal
JAKARTA: Embracing the increasing global movement towards a Halal-based economy, Management and Science University (MSU) takes a lead into Halal research, consultancy, training, and products,…
