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Islamic Finance Briefing - Categorized | Finance, Market Moves more

Halal industry should work with Islamic finance

Posted on 16 November 2011

Despite the halal industry’s rapid growth, it is missing out on opportunities to tap into Islamic finance, panel members said. “There is a disconnect between the halal industry and Islamic financing, which is ironic since we’re working within the same religion, but are not talking to each other,” said Thomson Reuters head of Islamic finance (Asia) Rafiza Ghazali.
She said in a study conducted by Reuters on 250 companies involved in halal production and with a combined market capitalisation of US$132bil, it found that only 50% of them passed the Aofi test, which meant that they are not syariah-complaint……………………………………..Full Article: Source

 
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