Allowed by Allah. Acceptable to Allah. Not forbidden: حلال
Halal Is Big Business: Germany Waking up to Growing Market for Muslim Food
SPIEGEL ONLINE INTERNATIONAL: Germany has four million Muslim inhabitants but the market for halal food -- produced according to Islamic law -- is still in its infancy, partly because firms fear the wrath of animal rights groups. But companies are slowly waking up to this fast-growing market.

Gehlenberg is a sleepy village in northern Germany. It has a population of 1,600 and boasts a church, community hall, war memorial and a pub, along with a few wooden crosses by the roadside and a tiny chapel. It's a staunchly Catholic village, but on three days of the week, the Prophet Muhammad makes the rules -- in a white factory building on the outskirts of the village, that is. That is where the Meemken family business produces a broad range of sausage that follows Islamic food standards. The company supplies almost 100 tons of salami and various other types of sausage each week to food retailers in Germany and abroad.

International food companies such as Nestle and Unilever have for years offered a range of products that meet so-called halal food standards. Halal is an Arabic term that means pure, or permissible. The term refers to a way of life that follows Islamic law. German companies are gradually realizing that catering to faith-oriented consumption is a good way to make money. In these times of economic crisis, finding new markets is more tempting than ever.

The potential market for halal food in Germany is huge. An estimated four million Muslims live in Germany, and the community is pre-programmed to grow because Muslims have a higher birth rate than non-Muslims. Halal already accounts for 17 percent of the global food market, according to the World Halal Forum based in Malaysia.

Food Companies Worried About Animal Rights Groups

Market experts say the halal segment is growing faster than any other part of the food market. Sales of food that meets Islamic standards are expected to reach $641 billion in 2010, up from $587 billion in 2004. The European halal food market is expected to reach sales of $67 billion in 2010.

Food companies in other European countries with many Muslim residents have already adapted to their needs. In France, the Casino chain of supermarkets supplies halal meat products. In Britain, halal food is easily found in the top chains like Tesco and Sainsbury's. French delicatessen stores sell halal goose liver pate and British pharmacy retailer Boots sells halal baby food. It's a different story in Germany, where supermarkets offer only a meagre range of halal food. … >>> Daniela Schröder | Wednesday, June 10, 2009

Jihad Comes to Wall Street
"Sharia finance" does exactly what it promises, financing the spread of sharia — and terror. - Alex Alexiev
NATIONALREVIEW ONLINE: If you’ve seen Geert Wilders’s film Fitna, you may not have noticed a single headline amongst all the bombings, beheadings, and earnest expressions of Islam’s eventual world domination: Halal-fund: investments for Muslims. But the investment vehicles referenced are an essential part of radical Islam’s efforts to insinuate itself into Western societies in order to destroy them from within. And Wall Street, barely out of the woods from its disastrous run-in with sub-prime mortgages — and having lost one of its historic investment houses, Bear Stearns, in the process — is now chasing the very kind of "sharia finance" against which Wilders's movie warns, a business line that may eventually wind up being even more calamitous than the subprime-mortgage fiasco.

For the growing army of its acolytes, who salivate at the prospect of tens of billions of dollars in transaction fees from the burgeoning industry, sharia-compliant finance is seen as little more than a cuddly Islamic version of socially conscious investment — with ethical strictures forbidding usury and sin industries, and emphasizing charity. Indeed, a conference on the subject last Fall co-sponsored by the Wall Street Journal was titled just that: "Islamic Ethical Investment." According to this rosy interpretation, sharia finance is a windfall for capital markets — allowing Wall Street to skim some foam off the ocean of petrodollar liquidity in the Middle East, and put it to good use.

Other interpretations are possible, of course. Critics see sharia finance as a massive subversion campaign by radical Islam designed to legitimize sharia in the West, to undermine our markets, and ultimately to imperil our free-enterprise system and national security — all the while exposing banks to financial risks that make the sub-prime fiasco look like a walk in the park. For its proponents and ideological enablers — such as the well known suicide-bombing advocate, Sheikh Yusuf al-Qaradawi — sharia finance is nothing less than "Jihad with money." As al-Qaradawi explains, "God has ordered us to fight enemies with our lives and with our money." Unfortunately for Wall Street, it’s hard to argue with the good sheikh on that score. Far from being a guide to ethical investment, sharia finance is indistinguishable from sharia itself.

Sharia is a reactionary-to-the-core medieval Islamic doctrine that claims control over every aspect of every Muslim’s life. It imposes such "ethical" mandates on Muslims as the obligation to discriminate against women and non-Muslims; to kill homosexuals, adulterers, and apostates; to establish and maintain Muslim rule around the world; and to carry out violent offensive jihad against infidels. Notably, for those Muslims who cannot engage in physical jihad using force of arms, sharia requires that they support jihad financially. This is what sharia finance is all about. Jihad Comes to Wall Street >>> By Alex Alexiev

Hat tip: Revereridesagain

Cross-posted at The Shrewd Economist

Mark Alexander