Bright outlook for $2tn global halal industry with stock gain promise

Bright outlook for $2tn global halal industry with stock gain promise

Eight years ago, Taleb Mohamad Almahmoud started importing a non-alcoholic drink popular in the Middle East to Malaysia. Now he’s bringing more than 300,000 bottles of Dubai-brewed Barbican into the country a month.

“There are many Arabs here and they like the drink because there’s no alcohol,” the Syrian-born Almahmoud said in a November 17 interview near his shop in downtown Kuala Lumpur that also stocks spices, couscous, pickled olives and Turkish coffee. “Malaysians like it too.”


National Bank Of Fujairah Launches New Islamic Unit

gulf-businessNBF Islamic will offer a series of retail banking products in the initial stage but the bank plans to diversify Islamic offerings.

National Bank of Fujairah (NBF) has announced that it has begun offering Islamic products with the launch of NBF Islamic, which offers Shariah-compliant financial solutions.

The lender said that it launched the proposition following strong customer demand.


Penggabungan bank mega dijangka pada awal 2015

Penggabungan bank mega dijangka pada awal 2015

KUALA LUMPUR 10 Nov. – Penggabungan bank mega melibatkan tiga entiti iaitu CIMB Group Holdings Bhd. (CIMB Group), RHB Capital Bhd. (RHB Capital) dan Malaysia Building Society Bhd. (MBSB), dijangka pada suku pertama tahun depan jika mendapat kelulusan daripada Bank Negara Malaysia (BNM) dan pemegang saham.


Mega Islamic bank will boost Islamic finance growth, says expert

The-malaysian-insider“If the merger goes through, it may be the starting point for banks to seriously look beyond Malaysia because it makes no sense for them to compete with smaller banks [here],” Datuk Dr Mohd Daud Bakar, group chairman of Amanie Advisors told The Edge Financial Daily in an interview. 

“It will be very much a catalyst for global Islamic finance and banking from Malaysia. We are hopeful that it will be the reality in the near future,” said Mohd Daud, who is also president of the International Institute of Islamic Finance.

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