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?

Saturday, May 24, 2008

Bangladesh: Local company signs deal to export halal meat to Malaysia

Premium Halal Abattoir, a local company, has signed a deal to export halal meat to Malaysia as local processors are eying to grab a portion of US$ 50 billion global halal meat market.

Premium Halal Abattoir, under a memorandum of understanding with Barakah Import of Malaysia, will export 50 tonnes of meat a year, with industry people demanding more government supports to explore potential market.

The government meanwhile is likely to get clearance soon from the Department of Veterinary Services of Malaysia. The certification will enable Bangladeshi companies to export processed halal meat to Malaysia.

Another meat processing company, Peninsula Abattoir, is in talks with buyers to export processed meat to Europen countries.

The pioneer in halal meat processing industry in the country, Bengal Meat Processing Industries Limited, is exporting to the UAE and Kuwait. Bengal Meat has almost trebled its export growth in a span of nine months.
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