on 11-11-2014 05:40 AM
on 20-11-2014 08:11 PM
lol if people object to the word halal -
what makes you think they would want
to pay for haram label
haram is used to refer to any act that is forbidden by Allah, and is one of five Islamic commandments
on 20-11-2014 08:15 PM
Shariah food demand shows halal stock promise
Eight years ago, Taleb Mohamad Almahmoud started importing a non-alcoholic beer 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 an interview near his shop in downtown Kuala Lumpur that also stocks spices, couscous, pickled olives and Turkish coffee. "Malaysians like it too."
The popularity of halal products such as Barbican that comply with the Koran's tenets helped drive a 4.6 per cent gain in the SAMI Halal Food Index of shares this year, beating the 0.2 per cent rise in the Bloomberg World Food Index by miles.
The industry's expansion is also flowing through to debt markets, with the Malaysia International Islamic Financial Centre estimating companies involved in Shariah-compliant food, textiles, tourism and healthcare have sold $US5 billion of sukuk - the Islamic equivalent of bonds - to date.
The outlook for the $US2 trillion ($2.3 trillion) global halal industry that also includes fashion and entertainment is underpinned by a worldwide Muslim population that the Pew Research Center sees growing at twice the rate of non-believers through 2030.
Demographics like that have lured the world's biggest food company Nestle, which markets Shariah-compliant noodles and breakfast cereals.
'Obvious conduit'
"Halal is a huge industry and the growth rate is massive," said Baiza Bain, a director at Islamic finance consultancy Amanie Advisors in Melbourne. "Companies are making sure that they adopt the inclusiveness policy that will broaden their market."
Spending by Muslim consumers on halal products and services worldwide is forecast to increase by more than half to $US2.47 trillion by 2018 from 2012, according to the Kuala Lumpur-based MIFC.
Nestle (Malaysia) ships its products to more than 50 countries and may soon start exporting to Europe and South America, said Zainun Abdul Rauf, executive director for corporate affairs.
on 20-11-2014 08:50 PM
@*julia*2010 wrote:lol if people object to the word halal -
what makes you think they would want
to pay for haram label
haram is used to refer to any act that is forbidden by Allah, and is one of five Islamic commandments
If missing the point was an Olympic sport, your name would be a household word.
on 20-11-2014 09:07 PM
@am*3 wrote:
George Christensen uses Vegemite to suggest halal products are funding terrorism and sharia
Read more: http://www.smh.com.au/federal-politics/political-news/george-christensen-uses-vegemite-to-suggest-ha...
I would expect more from a MP than that.
surely not from that particular MP, he almost makes the abbott look smart.
on 20-11-2014 10:53 PM
Halal food 'could fund terror' Abbott backbencher claims
Read more at http://www.9news.com.au/national/2014/11/20/12/34/mp-claims-halal-certification-funds-terrorism#PO15...
on 20-11-2014 11:12 PM
Why would he say COULD? If he know sit does then he should say so, and if he doesn'tknow he should keep his mouth shut until he does.
on 20-11-2014 11:20 PM
And more to the point, he is in government. So if he has an accusatio to make, then why isn't he dealing with his own colleagues and/or the Federal Police about this?
Unless he is simply talking out of his (racist) backside?
on 20-11-2014 11:48 PM
the issue as with most things, knowing something and being able to prove it is where the issue lays.
One day people will wake up and ask how could we have been so stupid
20-11-2014 11:50 PM - edited 20-11-2014 11:50 PM
@the_hawk* wrote:the issue as with most things, knowing something and being able to prove it is where the issue lays.
One day people will wake up and ask how could we have been so stupid
He doesn't have to find the proof. He simply has to report it to the authorities whos job it is to 'find' the proof.
That would be preferable than scaremongering.
Although I suppose that scaremongering is the point isn't it...?
on 20-11-2014 11:57 PM
I would think its to let people know of the possibility that their money is going to terrorism, can you prove its not?