Glitzy Dubai eyes profit in setting Islamic standards | Reuters:
"* Halal goods and services become global consumer segment
* Certification fragmented around the world
* Dubai mounts drive to profit from setting standards
* Leverages international trade, finance links
By Bernardo Vizcaino and Mirna Sleiman
DUBAI, Nov 20 (Reuters) - From cosmetics to accommodation, travel to toothpaste, complying with religious principles is becoming big business in the Muslim world, and Dubai, better known for flamboyance and unrestrained consumerism than Islamic scholarship, sees an opportunity.
The emirate is mounting the world's first systematic drive to profit from "halal" goods and services by setting global standards for them and providing certification where the standards are met.
In January Dubai's ruler, Sheikh Mohammed bin Rashid al-Maktoum, announced plans to make the emirate a centre of the "Islamic economy". Next week, Dubai will host a conference on the subject that it is expected to attract over 2,000 officials, businessmen and consumers from around the world."
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