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?

Thursday, April 3, 2008

Limitless to develop fully integrated world halal centre

20-02-2008

KUALA LUMPUR: Dubai World unit Limitless LLC, in a joint venture with Mihap Holdings Sdn Bhd and Selangor Agricultural Development Corporation (SADC), is developing a fully integrated world halal centre in Selangor to turn Malaysia into a global gateway for the industry.

The Malaysia International Halal Park (MIHAP), a 80-20 joint venture between Limitless and a Malaysian investment company comprising Mihap Holdings and SADC, will include more than 800ha of residential units, food manufacturing plants and logistics ports.

The facility, which has the distinction of being the world's first fully integrated halal centre, will also accommodate training and research centres, as well as offices, entertainment and retail facilities. Work on MIHAP will start towards end 2008, with phased completion over eight years.

In a statement yesterday, Limitless chief executive officer Saeed Ahmad Saeed said: "Limitless is truly making its mark in South East Asia. MIHAP is a major milestone for Limitless and another golden opportunity for us to demonstrate our core skills of master planning and executing distinctive, large-scale projects."

In December 2007, Limitless announced it would undertake the masterplan for a waterfront development of luxury homes at Puteri Harbour in Malaysia's Iskandar Development Region.

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