CIMB Private Equity & Venture Capital Malaysia has won the award for The Best Halal Related Service Provider, one of the eight categories under the Halal Journal awards, the halal industry's most prestigious awards that honour success, innovation and excellence.
The company is one the largest private equity & venture capital management companies in Malaysia with more than 40 portfolio companies.
Prime Minister Datuk Seri Abdullah Ahmad Badawi presented the award to its director Darawati Hussain at the Gala Dinner of the World Halal Forum 2008 here Monday night.
CIMB Private Equity Venture Capital Malaysia manages US$107 million syariah-compliant funds.
The company has invested in several halal-related companies, such as halal food manufacturing companies, restaurants and halal traceability solution providers and global halal producers and exporters.
Hence, CIMB Private Equity & Venture Capital provides leadership in financing the halal industry throughout the whole supply chain, according to the citation for the award.
The company has shown calculated optimistic expectations that halal will be one of the highest growth sectors globally and thus provide financing services for local, regional and global halal-related industry players.
The company also launched the first Asian-based Islamic Regional Buy-Out Fund which demonstrated the company's creativity in developing innovative Islamic financial instruments. The company has shown its capabilities in developing the halal industry, not only through finance but also through management expertise and hence assist the halal industry to grow further with world-class management and synergistic opportunities.
For the other seven categories, US-based Nitta Casings Inc won the award for The Best Halal Product; Marhaba Halal Food B.V. from the Netherlands for The Most Creative Marketing Campaign; Kuwait Finance House (M) Bhd for The Best Islamic Financial Service or Product; Carrefour Malaysia/Magnificent Diagraph Sdn Bhd for The Best Corporate Social Responsibility Project; and Zabihah.Com for The Best Travel & Hospitality.
This year, there are two new awards for Best Innovation in the Halal Industry, under which the first award - for Product & Process Innovation - went to Darabif Meat Co Sdn Bhd and the second award - Business & Strategy Innovation - went to Comgroup Prima (M) Sdn Bhd.
Dr Habib M'Nasria, responsible for Food Engineering, McDonalds Middle East Development Company, UAE, won the award for The Outstanding Personal Achievement in the Halal Industry.
At the dinner, which was also attended by Abdullah's wife, Datin Seri Jeanne Abdullah, Colgate Palmolive Thailand received its halal certification from the Halal Industry Development Corporation (HDC).
Colgate Palmolive Thailand is the first recipient of HDC's certification. The two-day Forum ends Tuesday.
(Malaysian National News Agency, May 12, 2008)
FAIR USE NOTICE:
This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to http://www.law.cornell.edu/uscode/17/107.shtml
. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.