Religion Roundup
Malaysia Woos Investors in Islamic Products
Associated Press
May 15, 2008
KUALA LUMPUR, Malaysia - Malaysia is aiming to become a global hub for food and other products that meet Islamic standards by offering new tax exemptions to investors in the industry.
Prime Minister Abdullah Ahmad Badawi announced the plan Monday at the World Halal Forum.
A halal designation means a product complies with Islamic principles of hygiene and humane treatment of animals, along with other rules involving production.
State-backed halal industry parks have been set up in Malaysia to help investors.
Abdullah said worldwide halal trading in products and services was already estimated to be in the trillions of U.S. dollars and has significant growth potential.
Copyright 2008 by The Associated Press. All Rights Reserved.
A caring friend will be there to pray with you in your time of need.
