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Australia’s first Islamic bank granted a licence

For many Australian Muslims like Reem and Fouad Alameddine, the dream of home ownership has been beyond reach.  Paying or receiving interest is prohibited in Islam, so taking out a mortgage is off the table.  With no other option, the couple face the prospect of becoming lifelong renters. “The hardest thing is the uncertainty of [renting],” Ms Alameddine said.  “And also not being …

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HAC wins Gold for enabling Sri Lankan exports through Halal certification

HAC Board of Directors & Management Team – From left to Right: Aakif A Wahab, Annes Junaid, Mohammed Nafas, Rizvi Zaheed, Ali Fatharally, Mohideen Hussain, TK Azoor, Abdul Basith, Mohammed Rushdi & Shifan Sameen.  The Halal Accreditation Council (HAC) has received the Gold Award for services provided to exporters and was also certified as engaged in “Ethical Trading” by the …

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Message from Central Bank to SL migrant community

The Central Bank of Sri Lanka (CBSL) has appealed to the Sri Lankan Migrant Community to continue using formal channels for remittances which would, in turn, help the country’s economy. In a special notice, the bank highlighted that the use of formal channels for remittances will help Sri Lanka continue to carry out international forex transactions. “These transactions will help …

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The Halal Accreditation Council recognized for enabling US Dollar earnings through exports with Halal certification

Mr. M.N.M Nafas, Head of Quality Assurance, & Mr. Aakif A Wahab, Director & CEO of HAC accepting the merit award presented by CNCI The Halal Accreditation Council (HAC) has received two prestigious awards and a global certification on workplace culture for the year 2021. The Awards are: Merit Award for Service Excellence in the small category awarded by, the …

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How halal products affect the economy | DW Documentary

The term “halal” doesn’t just refer to foods that conform to Muslim law. The word stands for an entire philosophy, and halal products and services are playing an increasingly important role in the economy. Halal means “permitted” and refers to actions and things that are in accordance with Islam. The opposite of halal is haram, meaning “forbidden.” The concept of …

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Special import levy on dates reduced by Rs.199

The special import levy imposed on per kg of dates has been reduced by Rs. 199 with effect from today (28), the Finance Ministry announced. Accordingly, the new levy would be Rs.1.00.  “The tax has been reduced as a relief measure for Muslims during the upcoming Ramadan fasting period,” the Ministry said. The Ministry also refuted the reports which state …

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