Words of Wisdom - the Editor

Peace.
Got busy with a new project. So couldn’t add more news. Although I came across a fine article by a brother on the history and future of Islamic Banking. I was surprised to know that Islamic banking had beginnings in 1975. Wow. That’s almost as early as my birth. And I guess if there are enough like minded people any idea is bound to grow. I too used to wonder if I can invest without plunging into interest based transactions.

UK I noticed is taking some fine initiatives to promote Shariah Finance. Also came across a western brother or atleast who calls Muslims his brothers and sisters but laughs cynically at the DOW Islamic index as 'bending backwards' to accommodate those guys who have four wives and cut of peoples hands. O well some people just don't get it, do they?

Tuesday, February 12, 2008

Sarawak to develop halal industry

By SHARON LING

KUCHING: The state government will develop the halal industry in Sarawak to strengthen the economy and boost growth.

It has identified several areas for this purpose, including Tanjung Manis for deep-sea fishing, kilometre 15 Jalan Samarahan-Siburan for abbatoirs and Bario for halal meat production.

"Sarawak has the potential to become a hub for the halal industry. We have a large land area, natural resources, an improving transport network and the Sarawak Biodiversity Centre which can conduct research and development," Chief Minister Tan Sri Abdul Taib Mahmud said Tuesday when opening a halal industry seminar organised by Halal Industry Development Corporation Sdn Bhd (HDC) here.

His speech was read by Housing Minister Datuk Abang Johari Tun Abang Openg.

Taib said the halal industry could act as a catalyst for economic growth by encouraging the development of related industries such as logistics, agriculture and tourism.

He added that the state government welcomed opportunities to work together with various parties to develop the industry.

"We will also provide incentives including special grants and tax allowances to encourage entrepreneurs to get involved in the industry," he said.

HDC chief executive Datuk Jamil Bidin said the halal industry offered great commercial opportunities to entrepreneurs, with the global halal market worth over US$600bil (RM1.9 trillion).

"Through our seminars and roadshows, local entrepreneurs can find out more about the opportunities and incentives available to get started in the industry," he said.

Star Online, Malaysia

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