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?

Wednesday, December 10, 2008

Malaysia Has Big Potential To Be Global Halal Product Manufacturer

Malaysia has big potential to be halal product manufacturer following the global recognition, especially from Islamic countries, International Trade and Industry Minister Tan Sri Muhyiddin Yassin said on Saturday.

He said the world has recognised Malaysia as an exemplary Islamic country and the country has the opportunity to market food and non-food products with confidence.

He was speaking to reporters after attending a marriage ceremony at the residence of former Kuala Perlis state assemblyman Bakar Saad at Kuala Perlis here.

Muhyiddin said Malaysia could also offer halal products in the services field such as banking.

"We hope our halal products can penetrate the global market and the confidence of societies worldwide in internationally certified halal standards will facilitate this," he said.

Muhyiddin said the government will always help small and medium scale entrepreneurs to market their halal products, including providing guidance and financial support.

"However, entrepreneurs should not depend completely on the government but also strive hard on their own, including finding new markets," he said.

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