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Innovative Muslim entrepreneurs are developing the concept of halal spas, which is becoming a real option for Muslims alongside the more well-known Scandinavian, Balinese and Thai versions of these health, beauty and relaxation facilities, which are not always suitable for Muslim men and women.…

The Covid-19 pandemic and latterly the Russian invasion of Ukraine has sparked an increase in cybercrime and fraud, and the halal sector – reliant on compliance with detailed production and sales standards – is a soft target for commercial criminals.

This fact is compounded by the proliferation of halal certificates as the sector expands worldwide.…

Mumbai-based home textiles manufacturer and exporter Welspun India is upgrading and diversifying the use of an innovative technology system – ‘Wel-Trak’ – which tracks cotton through various stages of manufacturing. Patented in 2017, this digital solution provides complete traceability of the raw material’s processing and manufacturing history, from its country of ginning to, weaving and manufacturing, including shipping details.…

The Indian Ocean archipelago Maldives is developing an Islamic finance sector, although it may need to strengthen legislation and local turnover to attract enough international players to develop an offshore hub. The government established in 2016 the state-owned Maldives Centre for Islamic Finance Ltd (MCIF) charged with developing the country’s capacity to be a “hub for Islamic finance”, primarily in south Asia.…

United Arab Emirates (UAE)-based halal fast-food chain Chicking is planning to expand its geographic footprint with up to 30 new outlets across Canada by 2023.

The company opened its first ChickQueen branch in the multi-cultural city of Mississauga, Ontario, in May 2021, as part of a plan to expand to all major Canadian cities, AK Mansoor, founder and chairman of Chicking, told Salaam Gateway.…

Many Muslim countries, their governments and businesses, have adopted an uneasy neutrality towards Russia, as it continues its invasion of Ukraine.

Malaysia is a case in point – its close relations with European, north American and Asian countries (such as Japan and South Korea) means it will not want to breach their sanctions on Russia.…

The invasion of Ukraine by Russia risks undermining AML/CFT, said FATF in its post-plenary communiqué issued in March. (1) But how this unprovoked military action will disrupt the policing and detection of dirty money remains to be seen, noted Carol Van Cleef, chair of the blockchain and digital assets practice, at Bradley Arant Boult Cummings, Washington DC.…

To go after the money launderers, should law enforcement efforts be more oriented towards intervention in laundering networks to disrupt the movement and hiding of dirty money? Many AML specialists say yes – absolutely.

There is so much money to target.…

Turkey’s clothing manufacturing sector, the world’s fifth largest garment exporter, after China, the European Union, Vietnam and Bangladesh has (1) rebounded from the Covid-19 pandemic and has set its sights on overtaking its rivals. The industry has been investing in new machinery and capitalising on the trend for near-shoring.…

The Vietnamese apparel sector is a great success story, but to maintain its strong position, the country will have to build backward linkages, while mitigating some deep-rooted cost and labour challenges. Data from the World Trade Organisation (WTO) shows that from the 1990s, the country’s garment industry has risen from a low base to overtaking Bangladesh’s exports’ sales in 2020, with USD29 billion overseas sales revenues, ranking second worldwide.…