Today we release our Jan 2008 issue of DinarStandard and unveil the 2007 DS100. This is an exciting issue for the DinarStandard team. For the fourth consecutive year DinarStandard's DS100 ranking of the top 100 businesses in the Muslim World provides a reliable benchmark to understand the progress and overall state of businesses in Muslim World economies. This year's ranking is noteworthy not only for the continuing effect of oil price driven revenue windfall for the Oil & Gas companies on the list, but also how these have impacted an even greater rise for infrastructure and service sector companies. The 2007 DS100 had a combined US $1.08 trillion in total revenues (based on EOY 2006 data) and grew 14.5% over the year before. As part of our efforts to highlight success stories in the corporate sector of the Muslim World this issue also includes profiles of Ulker Group of Turkey, Zain of Kuwait, and the leadership of Muhammad Alabbar of Emaar. Readers will find with the DS100 Key Facts, brief profiles of some of the most exciting companies on the ranking and an industry breakdown.
This month DinarStandard also features an engaging question-answer with Shaikh Yusuf Talal DeLorenzo, a recognized Shariah Advisor, who recently seperated himself from the pack by questioning recent financial engineering efforts which effectively circumvent the standards of the Shariah rather than serving them. In an industry that labels itself Islamic - DeLorenzo takes up issues that will help to keep the industry on track. To round out the finance side of things Guest Contributor, Rupert Neil Bumfrey, Principal at RNB Associates, writes about the rise of Sovereign Wealth Funds and their place in the globalized economic system.
As always we look for our readers to write with their comments. We are hopeful for a great 2008.
I delight with economy progress in Muslim World.The achivement of 14.5% growth is an evident that Muslim World can do better than another part of world in economic perfomance. I think to sustain that growth in a better performance, Muslim World need:
1.stress more on infrastructure development, because every development need infrastructure. We need good road, port, airport, power station, water supply, and telephone network and so on to sutain economy development. We need as well cheap building material, many expert personel, and many skillful workers. Muslim World needs to establish training centre and research center. Student or workers need to train on "hands on knowledge", on site experience. Know how and how to do in real job.
2.Establish industry of local resourses. For example Malaysia, Indonesia and some Muslim countries have tropical jungle, palm oil, and medicine plants. Those countries can establish furniture industry, famacietical industry, cemical industry and so on. Arab countries have lot of sand, stone, oil. This countries need stress on glass industry, building material industry, plastic, cemical industry and so on
3.Centrelize some industries for some region base on local resourses, expertise and technologies acquirement. Some industries need to centralize in Malaysia-Indonesia, some in guilf region, some in Africa.Another region can do the same industry if they have resourses but not as center. On that way every country have industry and every countries in Muslim World need each other, so trade can be flourish.
4.Every countries in Muslim World need to produce material or do bussines in low cost,high quality,easy to use,sustain improve and so on.On that way Muslim World can compete another region and get prosperity
Posted by: Mumby | February 25, 2008 at 08:44 AM