Launching of the Mindanao Halal Holding Corporation

The Accounting Research Institute (ARI) reaches another milestone when it was invited by Mr Amanoding Ismail, the President of the Philippines Association of Islamic Accountants (PAIA) to participate in the establishment of a new investment holding company in the Philippines.  The soft launch of the Mindanao Halal Holding Corporation (MHHC) was recently invited to become one of MHHC's International Board of Directors.  The creation of the MHHC is the outgrowth of a deep study of the potential growth in the Southern Philippines whose development had long been overdue and marked by neglect.  MHHC positions itself as a primer investing channel for overseas and local capital, by identifying areas of rapid growth, and nurturing basic livelihood and transforming little markets into community-sized ones according to Islamic tenets and international ethical standards. 

Beside involved in business activities, MHHC will be promoting Islamic Finance, Zakat, Waqaf, social business and Islamic microfinance in the Philippines.  As a partner, ARI will have a great role to play in the Philippines, both in terms of providing trainings in Islamic Financial Criminology as well as participating in international research programmes.  The launching of the event was graced by the Chairman, Board of Accountancy, Professional Regulation Commission Philippines, Hon. Joel Tan-Torres.  During the event, Professor Dr Normah Omar from the Accounting Research Institute ARI was a guest speaker and presented a paper titled ""Potential Implications of the ASEAN economic community on islamic Finance Industry".