Is there conflict of interest in halal corporation?
Malaysia's plan to develop internation Halal certification and halal food industrial parks, is raising a web of sinister conflicts. The newly-formed Halal Industry Development Corp or HDC is under the auspices of the Prime Minister's office, although ownership of the company is unclear. HDC even processes foreign direct investment (FDI) for the halal sector, a role designed for the Ministry of International Trade and Industry (Miti).
HDC, and its links to Badawi's family, got a lot closer when HDC signed up with Tamadam Bonded Warehouse, a company which is being taken over by the PM's brother Ibrahim to develop halal parks.
Tamadam had recently signed an agreement with Temasek, Singapore's investment arm, to source for various projects here. It is unclear if Temasek has a hand in this project, but the Badawi lineage is clear, and it open sa lot more trails with questions such as Why is the HDC tasked with halal certification using Jakim logo? (Jakim was doing the certification previously) and What is the role of son-in-law Khairy Jamaluddin?
I am not saying that all this is haram or that there is wrong doing here, but the PM - HDC - PM's dear brother Ibrahim - Temasek link will have a lot of people edgy and will have great serious repercussions on Malaysia's Islamic finance aspirations.
Wednesday, May 14, 2008
Malaysia's halal connection, Badawi and Temasek
At 3:43 pm