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The Philippines is a Christian-majority country, although there are state-led efforts to develop the halal certification process for purposes such as international trade [1] and encouraging more halal tourism by providing dining options for Muslim tourists. [2]
Islamic finance products, services and contracts are financial products and services and related contracts that conform with Sharia (Islamic law). Islamic banking and finance has its own products and services that differ from conventional banking.
The facility procures and exports food, non-food, chilled and frozen products of British origin for sale in LuLu Hypermarkets. Date coding and labelling for different countries, translation of labels, Halal and other relevant certifications are also carried out. Y International employs 60 employees and aims to create 200 jobs. [16]
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Wahed is an American financial technology and services company based in New York City, New York. [4] [5] In July 2019, the company launched the first exchange-traded fund in the United States that was compliant with Sharia law.
Halal (/ h ə ˈ l ɑː l /; [1] Arabic: حلال ḥalāl [ħæˈlæːl]) is an Arabic word that translates to ' permissible ' in English. In the Quran, the term halal is contrasted with the term haram (' forbidden, unlawful '). [2] It is used to refer to actions, behaviors, or items that are acceptable under the teachings of Islam.
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