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spiritsrituals · 8 months

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whisky promoter in india

whisky promoter in india, the amber nectar, continues to dominate the palate in India. It is the preferred pout and the most enjoyed Spirit in the country. As elsewhere, even though Gin is gaining a lot of attention, but Whisky continues to be on top of the game.

The last 18 months have been dominated by Covid situation, impacting all F&B in India, including spirits. The Covid situation now seems in control; across the country except states of Maharashtra ( Mumbai ) & Kerala, where the numbers are still a challenge.New Delhi & NCR is well paced with Positivity ratio being less than 1 %. Vaccination rates have come down, but numbers are still high across most states.Hills Stations and Tourism spots are witnessing massive crowds thus endangering the covid climate once again.Medical Community & the Govt are preparing for the impending third wave, which is being predicted either in Oct or even Dec.Growth in Real Estate industry on premium housing. Growth witnessed in people buying houses in the hills. Large offices opening with 50% employees. Global brands are still WFH till Oct 2021, at this stage. There is reduced movement in High energy Zones like Bars, Night Life, Premium Dining, etc.. Wedding beginning to pick up with smaller guest lists of 50 -150. There is also a defined movement towards most affluence Indians looking at moving overseas – Dubai, Australia, Canada and UK being favourite

The F&B Environment in India is an upswing, as cities and states continue to open up.

Hotels and F&B Outlets have opened with 50% capacity. Bars have also opened but not witnessing large number of guests – Less than 30%. Over 35% outlets in premium dining may not open again, as perestimate at stage. Outlets are offering as much 33% discount on dining, with an average cheque US$20.00 per head. Most stand alone F&B Outlets are witnessing 40%-60% average footfalls, from 2019.Malls are witnessing 50%-60% footfalls but not much conversion in sales. Higher base of customers in local markets & for weekly shopping. There is a good response to fast food & Indian snacks – up by over 60%. Pizza is the most ordered fast food, followed by Burgers and then Indian Samosa. Full meals are being ordered at least twice a week by over 20% households, average US$ 80 per order. Huge growth in cloud kitchens & home delivery services. Growth in Indian regional cuisines & local chefs. There is also high growth in Indian Home chefs & home-made condiments. Hotels are offering Premium food Hampers with multiple cuisines, at over 40% discount from pre Covid rates.Most people who could not afford Hotels, are now enjoying hotel foods delivered at home, at 40%-50% lesser price. Hotels like The Taj Hotels are opening food trucks to cater to quality fast foods. Large Growth in health foods, spices & condiments. There is also large growth in home Cocktail Mixes, Tonic Water & Mixers. Home catering is picking up well, with packaged & designed hampers. There is definitive growth in premium alcohol & spirits. Growth in Healthy Dining & Premium Foods. Most Trends are here to stay – Health & Healthy Foods. Home Bars & entertainment at home – High Possibility of revival

All Things Beverage

Retail sales are at all time high with shops recording over 200% growth in the last few months. Hotels &Stand alone Bars are doingmodest business, less than 30%, but high opportunity in the next 6 months. The Duty Free is at an all-time low, but looking to ramp up in 12 months with international travel picking up again.Home Drinking – Starts on Tuesday & weekends are looking more “food oriented”. Over 20 flavours of mixers are on offer across premium outlets. Cigars are gaining ground with more smokers buying in India. Gin & Whisky top as Spirits of Choice. Rum & Tequila are on limited offer. Vodka picks up every so often often based on crowd. Bar displays – In Vogue. Movements towards Premiumization of Spirits. Whisky – Top of the Value Chain. New guidelines on Communication of Beverage Brands. Digital gains prominence, though physical event will start again by Sept 2021

New Trends

The above points can be used as an input on going ahead with all areas.The consumer profile remains the same though there may be changes in their thinking. New Excise Policy in New Delhi – Encouraging, will lead to higher sales. New Excise Policy in Gurugram – Expected in 2 months. High end retail being planned across key markets in India. Higher focus of new Investors on catering to home services, fresh foods, fruits & condiments than bars. Investors are keen on low investments cloud kitchens, than investing in outlets in premium bars in “loud” locations. Move towards backing promising Mixologists / Chefs to offer & create own brand of Cocktail F&B Outlets / Outlets. Investors keen on creating home grown F&B Brands seeing the success of othere. Home chefs looking at small outlets & investors.

Social Trends

New Bars coming up in Goa & smaller towns

Neighbourhood bars may be the new trend in 2022

Beam Suntory join’s Diageo & Pernod Ricard on top

Reduced rate of footfalls in Bars in Malls – Needs to be studied

Most younger people are relocating out of large towns, which is impacting office operations, such large companies / brands are looking at moving out of CBDs

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SLL also feels that these are current trends and things may change in the next 12 – 18 months

It is imperative to adopt the new learning’s, refresh the product offering & launch again in India.

The new marketing activity will need to start afresh & all old work may need to be updated

SLL will start afresh, with redefined leanings and the new environment in Beverages & Bars

Based on our joint plan on moving ahead, SLL is ready to launch any Marketing & Market Development exercise for Paragraph, UK in India

Whisky production has evolved in the last few years, in India. As per a Spokesperson of Paul John Distillery, “Changes are being seen and felt across, all Indian whisky has been changing on all points over the last few years. As consumers become more aware, and with more international brands now available, Indian Whiskies discovered the need to hold their own against global products and have striven to do so with success. New technology and innovations have been introduced across the board, including innovative packaging, better testing in accordance with global norms and information available on the labels as per FSSAI implementation in the country. More and more whiskies are using high quality Indian malt spirit along with grain-based ENA or even pure malts and Single Malts, all of which require not only resources and innovation but also need much stricter Quality Assurance processes.

Indian whisky (IMFL) historically has been made from molasses-based ENA blended with flavours due to the high availability of the by-product in our country. Over time, consumers have developed a taste for grain based and malt based whiskies and as such, the core DNA of most Indian whiskies has changed from cane based to grain based. The economy segment across India still dominates the volume of alcohol consumption. Having said that, we have observed that with the improvement in standard of living coupled with the awareness, exposure and evolving preferences will certainly redefine the Indian consumption pattern.

Though according to Mr. ThiruvikramNikam, Joint Managing Director of Amrut Whiskies,“The process of whisky production is more or less standard across the globe. However, there has been a massive change in the technology leading to improvements in the quality of the products while being environment conscious. Styling is an ongoing change that reflects the trend to connect in different ways with the customers.Though the basic production process remains the same but there is an increasing use of Grain Alcohol in Whisky making in India instead of Molasses Alcohol. Also increasing blending with Indian Malt spirit alongwith Scotch Malts.

The key factor in terms of production norms is sustainability and quality assurance. This includes the ability to consistently source high quality raw and packing materials as well as establish and maintain control on the factory floor to ensure consistent quality is provided. Based on one’s experience, these factors vary from one company to another. General key factors revolve around the raw materials, fermentation time, pot stills, casks etc., to produce quality new make spirit and by extension a great malt whisky.

Today’s Indian consumer is much more globally aware. They are highly exposed to global/international products and therefore are constantly and actively seeking out new and exciting options. Alcoholic beverages are now more acceptable, and the urban consumer specially is more educated and prefers to shop in large format stores where he can explore a wider range of options.The data reveals that there is a surge in sales of premium products which only goes to show that consumer exposure and preferences have evolved to enjoy better character and profile of whisky, rum or brandy. Also, the fact that availability and consumption of variety of brands from across the globe is an indication of the evolving consumer pattern. According to Sanjeev Banga, President, RadicoKhaitan, a leading Indian Company, “The Indian consumer has evolved a lot in the past few years and if fairly knowledgeable. They are seeking better quality products and willing to experiment and try newer blends.

There are new trends being witnessed in consumer behaviour as well. Product innovation and premiumisation are the key and bodes well for the future of Whisky in India. The Indian consumer demands high quality both in product and packaging, while still seeking value. MOTs and Modern trade outlets that allow consumers to enjoy a personal shopping experience will continue to grow, in turn encouraging consumers to explore multiple brands in addition to their brand of choice, their preferences may change based on occasion as well.

Consumers are showing keenness to enjoy quality products. Seeing this change, companies are gearing up to move towards premium segment of supply. In terms of marketing, the virtual whisky releases and tastings are here to stay for a while. The pandemic has made that aspect of brand building and storytelling possible with the consumer.Pandemic has resulted in more home consumption, upgradation to premium brands and taboos relating to alcohol consumption are coming down. More and more consumers are now drinking to enjoy and celebrate rather than to get drunk.

So what are the new consumer consumption patterns in India.! According to a Spokesperson from Paul John Distillery, “ The biggest change has been the acceptability of alcoholic beverages as just another beverage and their entry into the urban households. Today, it is quite acceptable to offer a guest a drink at home. This has allowed for consumption patterns to shift from a drinking session to sessions with friends and family where alcohol may also be served.The consumers today are much more evolved due to their exposure to more options. They know their tastes and are not afraid to experiment. This change is observed across all age groups, but mostly at the prestige and above price points.The consumers are becoming creators in their own right. While enjoying their whisky in the traditional way, they are also engaging in putting together easy-to-make cocktails that can give their favorite whisky a new dimension.According to Sanjeev Banga, “ There is increasing acceptance of the fact that India today is producing World Class Whiskies be it Blended or Single Malts. The Indian consumer now takes pride in the consuming Indian products and the craze for imported brands in gradually coming down.

There have been changing consumer preferences towards Whisky Styles, Regions, Countries, Palate as well. The biggest change is the move towards authentic, malt-based whiskies. As they experiment with various styles of whiskies, the consumers are developing sophisticated palates which allow for more variety in styles and finishes. Going forward, special finish whiskies will grow in size as they offer the consumer something over and above the standard fare. Though according to Mr. ThiruvikramNikam, Joint Managing Director of Amrut Whiskies, “Indian are known to like smoky whiskies (in varying range of intensity) and we have also observed that people take great liking towards having whiskies from across the globe. The consumers are wide ranging. They are new and evolved, young and older. They offer a mixture of opinions and views that brands are out to seek.More and more people are now drinking to enjoy the moment, be it with family, friends or in celebration of an occasion.

Indian are appreciating&enjoying their whiskies, more than ever before. Every consumer has his own way of enjoying a Whisky. Overall, however, we can say that consumers enjoy whiskies as they are, with less emphasis on flavoured mixers.People are enjoying their whiskies the way they like it and that is how it should be. Having said that, for a malt enthusiast, it is an exploration and normally they enjoy it neat or with a splash of water.Along with premium product offerings the resultant packaging has also improved tremendously and now you can get world class Indian products in packaging similar to international brands.

One of the key factors has been the change in packaging. Brads including Amorim Top Series, Portugal and Bruni Glass, Italy besides Wade Ceramics, England are offering world class solutions to the Indian spirit industry. Packaging has definitely changed over time. FSSAI and global packing norms have been key drivers in this change, consumers have also actively encouraged this change due to the growing urge to know what they are buying. Detailed information on labels, innovative designs that catch the eye and emphasise the quality of the liquid etc are specially noticed with regard to premium categories. According to ThiruvikramNikam, “Today brands are using the packaging to convey the uniqueness of their produce and enlighten the consumers to read and make a choice.

So after all this does Age continue to be a huge factor with Indian consumers. According to Paul John, “ Age is definitely a factor but more for the manufacturer than the consumer. With the much higher efficacy of maturation in the subcontinent, a whisky aged for 3 years here displays similar maturity to whiskies aged 8-12 years in colder climates like Scotland. The correct ageing of whisky is very important for manufacturers to get the product right. The consumer relates more with the experience of the finished product. Global malts are also slowly moving away from making age statements in acknowledgement of this fact, It is an undisputable fact that ageing of whisky is imperative to relish and enjoy it. Age plays an essential role in shaping up the whisky. However, the length of ageing depends and varies from place to place. Consumers now know better to look beyond the age and enjoy the whisky on its merit.

Though RadicoKhaitan, the makers of Rampur Single Malt Indian Whisky avers, Sanjeev Banga President, states, “ We strongly believe Age is just a number. Specially in Indian weather conditions where malt maturation is 3 to 4 times faster than Scotland. What is important is the taste of the whisky on the palate and not the Age. More and more consumers, specially for Single Malts are now aware of the fact that Single Malts coming from new world may not carry any Age Statement but are at par, if not better than number of brands that carry age statements.

Trade Channels

The pandemic has virtually wiped out the on-premise channel. This has made the off/retail channel much more important than it previously was.In India, trade and channels vary from state to state based on state government policies. Now retailers are offering consumers a retail experience unlike before. Yes, very much so. The threat of the pandemic has made people wary on close quarter engagements and gathering. While social distancing is the norm, a lot of the consumer outreach program has taken stream virtually offering a unique solution and opportunities for brand building and marketing.Online and Home delivery are the new norms. Though still at a nascent stage in India but growing everyday.

Brand Marketing & Consumer Outreach

With the decimation of on-premise channels, it is no longer possible to allow consumers to experience new products or to pair food and drink for a new experience. In store marketing options are also highly limited. Thus marketing and consumer outreach has moved from the physical world to mass and virtual media where consumers share their experiences and build communities around brands. Since advertising is still not legally allowed for the industry in India, this means that consumer outreach is primarily based on word of mouth on social platforms today.

Digital marketing and social media are the new buzz words and their influence will keep growing in future

A Toast to the Future

Whisky accounts for nearly 70% of all spirit sales in the country. It is. While a lot of the categories in India are being shaken up and are creating a lot of buzz and activity, whisky is the dominant category in India and will remain to be for the foreseeable future.This is not likely to change in the immediate future. Though Gin as a category is growing at a very rapid pace, but on a very small base. Whisky will continue to flourish in India, however the next few years look tough for Made-In-India whiskies due to changing govt. policies. While we have already achieved parity or surpassed most global brands in terms of quality and packaging, the statutory and regulatory environment in India is highly skewed against domestic spirits. Global brands already have a massive advantage with fixed annual market costs in most states, as well as lower % taxes at the local level. They are also able to get around the Indian laws prohibiting advertising by running their global campaigns online. With the govt. mulling reduction of import customs duties, the disadvantage for Indian products will only increase.I’ll respond to this from Amrut’s perspective, we are adored for our innovation and unprecedented releases of single malt expressions like Herald, Naarangi, Spectrum ��, continuing this trend we will soon be going to release first of its kind expressions in India and the globe. According to Sanjeev Banga, President, RadicoKhaitan, a leading Indian Company, “ As they say, best is yet to come. There is increasing premiumisation in the Whisky space and more producers are entering the Indian Single Malt category. The future looks very promising for Indian Whiskies not only in India but globally. India has so much to offer to the world in terms of its unique and innovative products.

#whisky promoter in india #Rise of Indian Whisky #Global Trending Tipples #Market entry India #Market Development and Brand Communications #Market and Business Development

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delhidutyfree · 1 year

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There may soon be significant changes to the duty-free options available to tourists from Dubai and the UAE who visit India. The Indian Commerce Ministry has proposed new duty-free quota regulations for Indian travelers. These rules would apply to the purchase of cigarette cartons and alcohol from duty-free stores in international airports.

What does duty-free mean?

When you purchase in Dubai’s duty-free zone, you won’t have to worry about paying any sales or import taxes. You’ll only find duty-free shops at international airports, seaports, and some land borders. You can also use the duty-free shopping cart since you are still on international flight travel.

Current Quotas for Duty-Free Imports from India

At the moment, travellers headed for India can purchase the following items tax-free:

One carton of tax-free cigarettes

Two litres of free-of-charge alcoholic beverages like wine and liqueur

A duty-free allotment for the precious metal caps gold import quotas from Dubai and other nations into India.

The Tax Due at Customs

If you bring consumables that aren’t considered necessities and go over the current duty-free limits in India, you’ll have to pay customs duties. Until the new duty-free quota regulations for Indian visitors are enforced, the customs duty in India must be paid by anyone bringing in more than 2 litres of alcohol and one carton of cigarettes.

#dubai duty free liquor prices delhi

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ziqitzasblog · 2 years

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Ziqitza - Skin care during Monsoons

There is no iota of doubt that the monsoons bring in the much required respite from the scorching and hellish heat of the summer. While comparatively monsoons are better than summers or winters (some might argue otherwise for the winters), monsoons tend to cause a lot of kin related issues. The rising humidity during the monsoons strips the face of its glow, and makes it look dull. Ziqitza Healthcare ltd says that the best way to have good and healthy skin during monsoons is to follow a good monsoon skincare routine. A healthy skincare routine keeps the excess sebum production at bay, and roves beneficial for acne-prone and oily skin.

Ziqitza, one of India’s leading emergency service providers and healthcare organisations, explains that unlike summer that calls for heavy duty moisturisers, monsoons require moisturisers that are light-weight. Ziqitza Healthcare, further explains that along with following a regular skincare routine which includes cleansing, toning and moisturising, during monsoons special skincare routine must be followed.

Tips to take care of skin during the monsoons:

Going Soap-free: Majority of the face cleansers out there have soaping agents in them, and these soaping agents are quite harsh and when used regularly can strip off the skin's natural oils. Therefore, Ziqitza Rajasthan recommends that irrespective of one’s skin type, one must always use a soap-free face cleanser that gently washes away dirt and oil and doesn’t leave the skin dry. While we use a soap-free cleaner for washing the face, we must also note that the face should not be washed more than 2-3 times a day because excess washing also strips off the natural oils from the skin.

Exfoliating the skin: Skin exfoliation should be a regular part of your skin care routine and especially during the monsoons. Exfoliation helps remove dirt, dead skin cells and impurities from skin pores. ZHL Rajasthan advises exfoliating at least 2-3 times in a week for amazing results. Ziqitza further states that apart from removing impurities, exfoliation helps improve blood circulation and also improves the absorption of skin products.

Skin toning: Ziqitza limited states that following a skin regime is equally important for women and men. Post exfoliation and as a follow up, one must never forget to use a skin tone. Exfoliation exposes your skin pores and an alcohol-free skin toner helps seal them. During monsoons using a toner helps reduce greasiness and stickiness from the skin. When buying a toner, look for products that contain ingredients like green tea extracts glycolic acid etc. Such ingredients help control acne, reduce blemishes and also control and maintain the skin’s pH levels.

Wear Sunscreen: Putting on sunscreen is the most essential part of the skin care regime. Harmful UV rays from the sun can harm your skin even during cloudy days. Ziqitza Limited Rajasthan suggests using sunscreens that have matte finish or are non-oily in composition, and also ensure that the sunscreen has a minimum SPF of 30 for optimal protection.

Using clay masks: Ziqitza suggests that both men and women must invest in good quality clay masks. Clay masks can absorb excess oil from skin. These days there is no dearth of clay masks in the market. Choose one that is infused with antibacterial ingredients like green tea, witch hazel and aloe vera etc, these will prevent your skin from breakouts.

Use moisturisers: The humidity during the monsoons can make your skin sticky and oily, but it doesn’t mean that you skip moisturising it. If your skin is well hydrated, it will not produce excess oil to maintain hydration. Regular application of moisturiser can reduce premature ageing and control skin issues. Ziqitza health care limited suggests to use non-greasy moisturiser preferably containing hyaluronic acid and aloe vera for optimal results and efficacy.

Acne, redness, itchiness, skin breakouts are common skin problems that one faces during monsoons. Following a strict skin care routine coupled with skin products that suit your skin type is the key for a flawless and healthy skin during monsoons.

#Ziqitza #Ziqitza Healthcare #Ziqitza Healthcare ltd #Ziqitza Rajasthan #Ziqitza Limited #ZHL Rajasthan #Ziqitza Limited Rajasthan

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gauricmi · 10 months

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The Global Duty Free Retailing Market Is Estimated To Witness High Growth Owing To Increasing Travel and Tourism Activities and Rising Disposable Income.

The global Duty Free Retailing Market is estimated to be valued at US$ 38.95 billion in 2022 and is expected to exhibit a CAGR of 8.6% over the forecast period of 2023-2030.

A) Market Overview:

Duty-free retailing refers to the sale of products to international travelers without the imposition of certain local or national taxes. This market primarily caters to travelers at airports, seaports, and international borders. The duty-free retail stores offer a wide range of products such as luxury goods, cosmetics, alcohol, tobacco, fashion and accessories, and electronics, among others. These duty-free stores provide travelers with the opportunity to purchase products at lower prices compared to retail stores outside the duty-free zone. Duty-free shopping has gained popularity among international travelers due to the convenience and cost-saving benefits it offers.

B) Market Dynamics:

The Duty Free Retailing Market is driven by two key factors. Firstly, the increasing travel and tourism activities around the world are boosting the demand for duty-free products. The growth in international travel, coupled with the rising disposable income of consumers, is fueling the demand for duty-free shopping. Travelers are attracted to duty-free stores as they offer a wide range of products at discounted prices, making it an attractive shopping option. For instance, according to the World Tourism Organization, international tourist arrivals reached 1.5 billion in 2019, representing a 4% increase compared to the previous year.

Secondly, the rising disposable income of consumers is also driving the growth of the Duty Free Retailing Market. With an increase in disposable income, consumers are willing to spend more on luxury and premium products. Duty-free shopping allows consumers to purchase high-end products at lower prices, thus attracting them to choose duty-free stores over traditional retail stores. Additionally, the expansion of duty-free stores in emerging markets is also contributing to market growth.

C) SWOT Analysis:

Strengths:

1. Growing travel and tourism activities

2. Rising disposable income

Weaknesses:

1. Dependence on international travel

2. Vulnerability to economic downturns

Opportunities:

1. Expansion in emerging markets

2. Introduction of new product categories

Threats:

1. Increasing competition from online shopping platforms

2. Government regulations and restrictions on duty-free purchases

D) Key Takeaways:

- The global Duty Free Retailing Market is expected to witness high growth, exhibiting a CAGR of 8.6% over the forecast period. This growth can be attributed to increasing travel and tourism activities and rising disposable income.

- In terms of regional analysis, Asia Pacific is expected to be the fastest-growing and dominating region in the Duty Free Retailing Market. The region has a large number of international travelers, especially from countries like China, India, and Japan, driving the demand for duty-free products.

- Key players operating in the global Duty Free Retailing Market include Dufry AG, LOTTE Duty Free Company, DFS Group Limited, Gebr. Heinemann SE & Co. KG, The Shilla Duty Free, The King Power International Group, James Richardson Corporation Pty Ltd., Duty Free Americas, Inc., Flemingo International Ltd., Dubai Duty Free, and China Duty Free Group Co., Ltd. These players are focusing on strategic partnerships, acquisitions, and product diversification to strengthen their market position.

#Duty Free Retailing Market #Duty Free Retailing #Duty Free Retailing Market Size

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sonita0526 · 4 years

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ड्यूटी फ्री सामानों में कटौती के पक्ष में नीतिजीवित मंत्रालय, निजी कर्मचारियों की अधिक अलाउंस की मांग वर्तमान में देश के आंतरिक हवाई अड्डों पर आप ड्यूटी फ्री शॉप से शराब की दो बोतलें खरीद सकते हैं । बजट 2020 [टी] बजट [टी] व्यापार घाटा [टी] वाणिज्य मंत्रालय [टी] वित्त मंत्री [टी] निर्मला सीतारमण Source link

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questionsonislam · 4 years

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Before the Lord of the Universe (pbuh) was given the duty of prophethood, how was religious, moral and social state of humanity and world?

It would be useful to recognize and to know the moral state of the humanity and the world before the Lord of the Universe (pbuh) was given the duty of prophethood. Only then can we understand how the Messenger of Allah saved humanity from a religious, spiritual, intellectual, social and political darkness and aberration in such a short time!

Through the end of Gregorian sixth century…

It was a century in which nightmare of unbelief, heedlessness and immorality haunted humanity intensively and tried to drown it with all its power… There were outstanding countries which were important for the world at that time: Byzantine, Persia, Egypt (al-copt), India, Alexandria, Mesopotamia, China, etc. In these countries:

A) There was not a correct belief system

People of that time were writhing in remorse of unbelief and false beliefs and they almost lost their minds and did not know what they were doing.

They worshipped natural events happening in the universe and things which were the works of the Divine Power. They prostrated before stars, fire, lifeless stones and woods as if they were gods.

Since the souls and hearts were buried in darkness, deprived of belief in One and Only Allah, they would not say “Everything is the work of the Divine Power” and thus they considered the universe meaningless, absurd and pointless. Those poor people lacking belief, knowledge and wit were unable to think, in such wretchedness, to such a degree that they considered the book of the universe which contains thousands of mysteries and wisdom masterless and meaningless although they knew that a single letter, a single word or a book could not come out without a master…

The world, in this pitiful state, needed and was waiting for a prophet to convey people the belief of Oneness, belief in existence and oneness of Allah, and to purify humanity’s hearts and souls off idolatry, unbelief and heedlessness.

B) People were Discriminated and Separated into Classes in All of Those Countries

People were separated into classes such as the rich, the poor, the powerful, the weak, the ordinary, the elite, the slaves and the lords. There was a great disconnection and gap between the rich and the poor, and the public and the government.

There was quite a tension between classes. Because of the cruelty, unfairness and tyranny of high-class people, low-class people were like a powder keg ready to explode at any time. To put an example, let us have a look at the situation in Iran (Persia) of that time:

“Like most of the primitive tribes, Persians were separated from each other totally and were divided into four classes, the first three of which (higher classes) were totally isolated from the fourth one. The first three classes consisted of people from Magi tribe, who were priests called Magupat or Mobed, and judges, warriors and officials. The fourth class consisted of farm workers and craftsmen.”

The so-called class of public consisted of free city people and captives and slaves (serfs) bound to agriculture and the duties of the latter ones were to work on farms and for army without any wages. They could not ever imagine being promoted to “city-people”, who can make use of their wealth and properties freely, from which they have been separated by unsurpassable limits…”

The situation in the East Roman Empire was even more pitiable and cautionary: “The Public was separated into many subsidiary classes. They were as follows:

1) The class named “Curule” which consisted of land owners who were neither accepted into army nor could attempt to do any trade.

2) Tributaries, just like their counterparts in Persia, included people who had no land of their own, who paid tax of population, and were bound to guilds which passed from fathers to sons.

3) Military class.

As an author said on the issue; “Farmers, who planted the land, were nothing but instruments which fed and dressed the royal family.”

An eminent historian of the Middle East, Finlay, described the miserable situation of the East Rome as follows:

“No community whose morals were so deteriorated and no nations who lacked self-control and virtues like the Greeks and the Romans in history had ever been seen as the ones who lived in the period of time between the death of Justinian (528-565) and the birth of Muhammad.”

People in Europe were left in the cruel hands of aristocrats, chevaliers, ecclesiastics, kings and barbarians. They were not any different from lifeless items and dumb animals for those. They were bought and sold anytime. They did not have any right to object. The ones who were sold were considered slaves from then on or if not slaves, they would become servants who had no right or power of disobeying their owners. None of them had the right of disliking their owners or choosing their owners. Their only right was this: In some barbaric countries, a servant, on condition of paying his owner a certain price, could leave and work for another owner. It was a big offer for them.

In all of the other countries outside the Arabian Peninsula, people were separated into classes which treated each other with hatred and enmity.

This miserable world needed a great prophet who would declare that human beings were the most precious of all the beings which Allah created on the earth and that they all descended from the same father and thus, all of them had the same rights to the same extent, and that everyone was born free, owning these rights, and who would change the hatred and enmity among people for love, respect and friendship. The World was urgently in need of that great prophet to come soon.

C) Slavery was an Official Institution in all of These Countries

Human beings are reverend and honorable. However, appreciation of this fact is only possible with true belief.

People of that time whose hearts were deprived of this true belief, of course, were unaware of the honorability of the humankind, of the fact that the humankind was the most reverend species on the earth and they would of course be barbaric enough to sell and buy their fellow beings.

Poor people who were called slaves were sold and bought in auctions in markets just like ordinary goods. Owners were fully authorized to insult and torment their slaves and make them work however they wanted.

The humankind was in desperate need of someone who could give an end to this barbarity and unappreciativeness, of a guide who would not begrudge of anyone his light of mercy, like the sun.

D) Conflict between Sects would not seem to End

In Christian countries, the creed of “tawhid (oneness of God)” which was conveyed and taught by Prophet Jesus was replaced by the perverted belief of “trinity”. Clergymen had invented a whole different religion instead of the religion conveyed and taught by Jesus. In all countries, and especially the East Roman Empire, incredible torment and cruelties were made in the name of religion. Historians put forward the case of Patrician Phocas who poisoned himself in order to escape from being converted into Christianity by force, as an example.

People who converted from Mazdaism, the religion in Persia, to any other religion or who betrayed this religion were sentenced to death mercilessly. Scratching one’s eye out, crucifixion, stoning, starving to death were amongst common kinds of death.

Although China was developed in terms of civilization with Confucius, it was experiencing the most chaotic days of its history and facing the danger of the fall of the country just before the Sun of Bliss (Hazrat Muhammad) emerged. Civil wars were indispensable. People were fighting each other to death because of disagreement between sects.

Abyssinia was suffering from civil wars at the time Islam emerged.

E) Immorality was to be Found Everywhere in Those Countries

People lacking in virtues, morals and fears which are the results of belief in Allah were involved freely in all kind of immoral acts which tread upon honorability and purity of the humankind. Gambling, alcohol and immoral parties were amongst daily routines. Cases of murder, fornication, rape and incursion which never seemed to decrease almost swept the blessed and divine meaning of the humankind away from the earth.

Here is an example:

Moral values were so deteriorated in the Byzantine Empire that the Patriarch of Constantinople himself solemnized the marriage between the Emperor and his own niece.

Women were nothing but items which were bought and sold.

Yes, the end of sixth century A.D. was the century of such barbarism, unbelief, idolatry, ignorance and cruelty. All kinds of anarchy, blasphemy, various perverted belief systems and all kinds of disgrace were ruling the world in this century.

Maybe the world had not witnessed and had not been the place of such perversion, immorality, barbarism and violence since the creation of humankind.

Having no a spiritual guide, the humankind was flowing crushing on stones on its way like an untamed river. And with every crush, it was losing a bit of its heart, soul, consciousness, and honor. All the mortal doors it knocked on hoping for help said that they could not help and closed the door.

The people of the world, who did not know and recognize Allah, and could not find the true aim which He declared through His prophets, almost had the personality of a monster. Like monsters, which are ready to eat someone up any time, they were storming all over the world with the winds of anarchy and enmity, with aggressiveness and cruelty, and shedding blood everywhere.

The humankind was like an orphan. The Universe was mournful. The earth reminded a place of mourning. Everyone was enemy to each other; everything was considered to be meaningless, lifeless, and aimless.

Sorrowful screams of the humanity, deprived of a true guide, were echoing in the skies; the universe, with all its particles and the sun, was crying over this miserable situation of humanity.

In short, the whole world had been surrounded by a cloud of a disgusting shirk, ignorance, unbelief, torment and immorality. That cloud needed to be torn away with the unique light of a fresh, spiritual sun which dazzles eyes, spirits and hearts so that the world would be enlightened again.

That Sun of Bliss had to rise in the horizon of humanity so that the sorrowful faces might have a smile. So, the Universe, from its particles, sun, mountains, stones, to human beings and animals would not be considered meaningless and useless any more. So it would be known and comprehended that everything was a letter of Allah, written to be displayed to people. So unbelief would be replaced by pure belief, cruelty would be replaced by justice, enmity by peace, ignorance by knowledge and pain by bliss. So, every believer would be brothers and friends. So, the anger of the universe would turn into joy. Thus, the stars would smile and atoms would dance like mawlawis. Thus, the sun and the moon, the earth and the sky would continue to do their jobs with love and eagerly.

And so the humankind would know that the wisdom and reason why it was brought out of the darkness of nothingness and hosted on the earth is to know Allah, to believe in and to worship Him. Thus, they would reach true peace and happiness.

What was the religious life, moral life and social life like in Arabia before the Prophet (pbuh) was given the duty of prophethood?

Arabia - which covers a significant place in terms of politics, geography and trading on the world map - was not any different from other countries. In Arabia, too, everything was in a miserable, disgraceful situation except for language and literature.

Religious Situation

In terms of belief, Arabia was absolutely suffering in anarchy. Weird beliefs were to be found everywhere in Arabia.

Some of the people were unbelievers. They would not accept anything other than life on the earth and say, “What is there but our life in this world? We shall live and die, and nothing but time can destroy us” , they used spent their lives in entertainment only.

When the Honorable Messenger began to receive revelations, Allah would address those people with the following words:

“Say: "It is God Who gives you life, then gives you death; then He will gather you together for the Day of Judgment about which there is no doubt": But most men do not understand.”

And some of Arabs used to believe in Allah and the Day of Judgment, however, they would not admit the presence of a prophet. The Quran describes these people with the following verse:

“What kept men back from belief when Guidance came to them, was nothing but this: they said, "Has God sent a man (like us) to be (His) Apostle?”

They could not comprehend how a prophet could be from the humankind and thought it should have been an angel for this duty. The Quran, with its following verse, told those people how unreasonable their claim was:

“If there were settled, on earth, angels walking about in peace and quiet, We should certainly have sent them down from the heavens an angel for an apostle.”

And some of them believed in Allah; however, they would not believe in the afterworld, in resurrection after death and punishment and reckoning in the hereafter.

The Quran points out to this group of people with the following verse:

“And he makes comparisons for Us, and forgets his own (origin and) Creation: He says, "Who can give life to (dry) bones and decomposed ones (at that)?"

And the Quran answers those people with the following verse:

“Say, "He will give them life Who created them for the first time! For He is Well-versed in every kind of creation!”

And another group of them worshipped idols. This group was the majority. They worshipped idols which they made of stones, wood and sometimes of halwa and said:

“We only serve them so that they may bring us nearer to God.”

Yes, the majority of Arabs used to worship idols which were made of stones, wood and sometimes of halwa when they were in wartime, and they were in a miserable and disgraceful state of hoping help from them. They had filled Baytullah, the first house of Tawhid on the earth, with 360 idols. Hazrat Umar, who is known for his justice after being honored with conversion into Islam, told a memory of his about worshipping idols in the Era of Ignorance:

“There were two things we did in the Era of Ignorance. When I remember them, one of them makes me cry and the other makes me laugh. What makes me cry is this: We used to bury our daughters alive. I do not know how we could do this to those innocent and miserable babies in need of compassion. Whenever I remember this, my heart breaks and I cannot help crying.

As for the one which makes me laugh: There were idols in our houses in the Era of Ignorance. When we were on travel, we would make a statue of them from flour or halwa and worship them, respect them during travel. When the travel lasted longer, we would become hungry and eat our idols made of halwa, which we had respected before. Is there anything funnier than it? Whenever I remember it, I realize what silly things we had done in the Era of Ignorance and I laugh at that”.

However, traces of religion of Tawhid conveyed by Prophet Abraham were seen in Arabia as well. People who used to follow these religious traces, despite the heedlessness and the long time that passed since then were called “Hanif”, with regards to Abraham. As a matter of fact, the word “Hanif” is used for Abraham in the Quran:

“Abraham was not a Jew nor yet a Christian; but he was hanif (translated as “true” in English translations) in Faith”

People called “Hanif” hated idols and believed in the existence and oneness of God. As a matter of fact, in a funfair which was organized in the honor of one of the idols, Waraqa bin Nawfal, Ubaidullah bin Jahsh, Uthman bin Huwairith and Zaid bin Amr, who considered it despicableness to prostrate before idols which cannot speak, hear and cannot give anyone harm or benefit, and declared it clearly.

There were people who were able to understand that it was meaningless to worship lifeless idols by using their reasoning and struggled against this false belief. Umayya bin Abi Salt, the leader of Taif tribe and famous Arabian poet, was one of them. He read the holy books in the Era of Ignorance and converted from idolatry to the religion of Abraham. He was the first poet who found the expression of “Bismika Allahumma”. Later, Arabs liked this expression and started to write it at the beginnings of their books. He mentioned about the necessity of a prophet in his poems and stated that prophethood was an indispensable need for humanity. Since he found out from the holy books that a prophet would come out from Arabs, he desired to be the one. For this reason, when Muhammad was given the duty of prophethood, he became a victim of jealousy and grudge, and eventually did not accept him. Moreover, he cited his poems for the idolaters who were killed in the Battle of Badr.

A few hadiths were narrated about Umayya, who died in the second year of the Migration (Hijrah) without faith, from the Honorable Messenger. The Messenger was one day riding with Sharid bin Suwaid at his back. He asked the Companion: “Do you know anything about Umayya’s poems?” The Companion answered: “Yes, I do.” And he started to recite some of his poems. Having liked the poems so much, the Messenger asked Sharid to recite some more. The Companion finished reciting the whole poem. And the Messenger said:

“Umayya was very close to being a Muslim.”

In another narration, the Messenger said: “Umayya’s poems had faith yet he stayed in aberration himself.”

In this context, another one whose name we would mention is, for sure, Quss bin Saidah one of the famous Arabian rhetoricians. Later, we will talk about the khutbah of this person, who heralded the prophethood beforehand.

Idols

There is a story about how idols were brought to Makkah first: Amr bin Luhay is the first person who brought idols to the city and encouraged people to worship them. When Amr went to Damascus, he passed by somewhere called Maab and he saw a tribe descending from Noah there, worshipping idols. When he asked them why they were worshipping idols, they answered: “We ask for help from them and we are helped; we ask for rain and we get rain.” Upon this, Amr wanted an idol from them in order to take it to Makkah. They accepted it and gave him an idol named Hubal. Amr took Hubal with him to Makkah and put it there. He encouraged people to worship it. Ignorant people became convinced and started to worship idols.

This is how the first idol was brought to Makkah and how people started to worship idols.

Every Tribe had a Different Idol of Their Own

After that, idolatry started to spread in Makkah. Every tribe had a different idol of their own. People of Quraish used to consider Uzza as the greatest idol and worship it. Tribes of Aws and Khazraj used to worship an idol named Manat. This idol was somewhere called Mushallal between Makkah and Madinah. Later, these two tribes started to worship idols called Lat and Uzza, in addition to Manat. The idol of the tribe of Kalb was Wad and it was somewhere called Dumatu’l-Jandal. The tribe of Huzail used to worship an idol called Suwa. It was in Ghatafan. One branch of the tribe of Hamdan, Haywan, used to worship an idol called Yauk. It was somewhere about Hamdan. Tribes of Tayy and Nasr used to worship an idol called Yaghuth. And the people of Himyari tribe used to worship Nasr. Sons of Bakr and tribe of Kinana used to worship Sa’d.

The tribes mentioned above used to worship those idols and ask for help, rain and victory from them. According to their belief, these lifeless, soulless items made of stones or wood were capable of making their wishes come true. However, anyone who is sane enough knows and agrees that lifeless, soulless items can neither give benefit nor cause harm to people. They have neither capability nor power to help people. Nevertheless, Arabs of that time were so unreasonable that they could not even think of that.

So, Muhammad, the Messenger of Allah was going to come in order to save those people suffering from ignorance and aberration in terms of faith, with the light of knowledge and righteousness. He was going to undertake the duty of giving them light and peace.

Moral Situation

Moral situation of Arabia in the Era of Ignorance was desperately miserable. People were slaves of their wretched desires and aims… Alcohol, fornication, lying, theft, torment, cruelty and whatever else there is of immorality were spread all over Arabia.

Cruelty was the most merciless whip used against the weak by the strong. The strong ones were always the right ones. They could have the weak and powerless ones do whatever they want by force. Humans and human life were not cared even as much as a fly. People who were captivated with incursions were killed suffering in torments or sold in markets like simple items as slaves. Women were just a material which could be bought and sold. Owners of young maids used encourage them to commit fornication, and even force them into fornication in order to make money through them. The Quran mentioned about this event which does not comply with human dignity and prohibited them from doing this disgraceful tradition:

“Let those who find not the wherewithal for marriage keep themselves chaste, until God gives them means out of His grace. And if any of your slaves ask for a deed in writing (to enable them to earn their freedom for a certain sum), give them such a deed if ye know any good in them: yea, give them something yourselves out of the means which God has given to you. But force not your maids to prostitution when they desire chastity, in order that ye may make a gain in the goods of this life. But if anyone compels them, yet, after such compulsion, is God, Oft-Forgiving, Most Merciful (to them)”

A woman could live with more than one man at the same time. Such a woman used to declare this to public by planting a pole on the roof of her house.

A step-mother was inherited to her step-son from her husband just like a household item.

The Tradition of Burying Little Girls Alive

Some of the Arabs living in the desert used to consider it a sign of an upcoming disaster, a shameful thing to have a daughter. For this reason, when their daughters were born, cruel fathers used to bury them alive under the ground or throw them into wells, sometimes even without letting anyone see them. They tried to prove this cruel tradition right by putting forward some imaginary reasons. They used to say: “They will grow and taint our honor one day, or they will become miserable. Moreover, they will become a burden on us because of their living expenses and we will not be able to meet their needs.”

Sometimes a mother would have a hole dug up in the ground when the birth drew near. When the baby was born, if it was a girl, they would throw her into the hole right away and cover it with earth.

Fathers used to dress up their daughters, whom they decided to kill, in beautiful dresses as if they were taking them for a visit to relatives, and used to take them to the desert. Poor children would be put into the graves which had been prepared for them and buried alive. If they did not want to kill their daughters, they would dress them in thick, woolen gowns and isolate them from society by sending them away as sheep herders.

The Quran tells about this barbaric tradition of Arabs living in desert to us with the following verse:

“When news is brought to one of them, of (the birth of) a female (child), his face darkens, and he is filled with inward grief! With shame does he hide himself from his people, because of the bad news he has had! Shall he retain it on (sufferance and) contempt, or bury it in the dust? Ah! What an evil (choice) they decide on!”

Someone who had applied this barbaric tradition in the Era of Ignorance and later became a Muslim told this case to the Messenger in tears as follows:

“O Messenger of Allah! We are a people who had lived the Era of Ignorance. We used to worship idols and kill our daughters. I used to have a daughter. She used to come to me in joy when I called her. One day I called her again. She came running and followed me to a well which was not so far from our house. I held her hand and threw her into the well. Her last words to me were: Daddy! Daddy!”

The Lord of the Universe could not help crying upon hearing this violent memory. He cried so much that his beard got wet with his tears. Then he said:

“Verily, Allah leaves what you did in the Era of Ignorance there, unless you do them again. He does not transfer them into the Era of Islam.”

In those times, high characteristics called compassion and mercy were uprooted and thrown out of souls, hearts and consciousness. As a matter of fact, there can never be compassion and mercy in a heart in which there is no place for true belief in the Sultan of the Universe and for fear of the Sultan.

Political System

Arabia did not have a proper political system and social system in the Era of Ignorance. The majority of the people were leading a nomadic life. They were separated into tribes. A tribe is a community which determines its own social system. These nomadic tribes were continuously in conflict with each other. They had a lifestyle in which they were always ready to attack one another. Incursion and plunder were their means of livelihood. They used to attack an enemy tribe of theirs and take away their camels, and captivate their women and children.

There was not any time during which there was peace between them. If a tribe wronged another tribe, that tribe would try to revenge on it with the philosophy of an eye for an eye, and a tooth for a tooth. Wars, fighting and incursion were so rooted in their souls and lives that they would fight each other if they could not find any hostile tribe to fight against. Poet Qutami means to express it with his lines “If we cannot find anyone else, we will attack Bakrs, who are our brothers.”

They had been living as tribes and clans for a long time. They had never thought of gathering around a central government. For this reason, the Peninsula was deprived of civilized and social laws. Eventually, there were always cruelty, conflicts, battles and fights. Anyone could do anything he wanted if he had enough power. Anything that the powerful and reputable people did would never be punished.

Literary Situation

In addition to all of these, it is an unobjectionable fact that Arabs were at the zenith of talent in literature, rhetoric and eloquence at the time Islam emerged. There were not any nations who could challenge them in this issue all over the world. Poetry and poets meant everything for them, because, poetry was the only trusted mirror which showed them the social life, traditions and beliefs of their ancestors. Poets were deemed very important in the society and they were highly respected. Arabs would even prefer a famous poet to come out of their tribes rather than a hero. As a matter of fact, it was only a poet who could spread their fame, which was their only aim. They were afraid of poets’ satires as they were afraid of snakes. Poets were considered heroes. Tribes could wage war against each other because of a single word of a poet. And yet, an enmity which had been going on between tribes could come to an end with a single word of poets.

In old times, poetry was called “Arab’s Notebook”. Frankly, Arabs’ moral values, traditions, religion and rules could be known only through poems and passed over to generations. In those times, there were many factors supporting and encouraging poetry. A strong poet would enable both himself and his tribe to be respected.

Moreover, funfairs organized at specific times played an important role in the development of poetry. These funfairs were a kind of literature fair. Poetry and rhetoric competitions were organized in the presence of juries in those funfairs. Poets and rhetoricians coming from various places used to recite their poems and make their speeches and do their best to beat each other. They were very proud of beating one another. At last, juries would choose the winner and the winning poem would be written with golden letters on a linen fabric and hung on the wall of the Kaaba.

Suq Uqaz, which was between Taif and Nahla, was the largest of all the funfairs. Mostly, poetry competitions were organized there…

Funfairs used to serve also as a sort of fair in which all tribes would come together for commercial, social and political activities. Funfairs organized in the month of Dhul-hijjah lasted for 20 days. Everyone who wanted to save a captive with ransom, to sort out a case, to find their enemy, to recite poems and to make speeches would rush into the funfairs. “Importance attached to poetry served to the result of the language being deeply investigated.” Eventually, literature, eloquence and rhetoric were at their zenith in Arabia by the time Islam emerged. So to speak, an invisible hand was readying minds and souls for the preternatural style of the Miraculous Quran.

Because Arabs had an outstanding talent in literature, the Quran was sent down at the zenith of literature, rhetoric and eloquence. It challenged Arabian litterateurs, poets and rhetoricians to spar with its miraculousness and conciseness. However, it was not long before that they understood that it was impossible to excel this unique book and had to quit.

The style of the Quran is so concise, so sweet, so clear and so fluent that Arabs who were experts on literature could not hide their surprise. One day, one of Arab fellahs’ leader read the verse “Therefore expound openly what thou art commanded, and turn away from those who join false gods with God.” and fell down in prostration, losing himself. This infuriated idolaters. They pointed their hateful looks on him and shouted out:

“You became a Muslim too?”

“No”, said the fellah litterateur. “I just prostrated before the eloquence and fluency of this verse.”

Imru’l Qais was one of the poets of Muallaqa. One day, his sister heard the verse “Then the word went forth: "O earth! Swallow up thy water, and O sky! Withhold (thy rain)!" and the water abated, and the matter was ended. The Ark rested on Mount Judi, and the word went forth: "Away with those who do wrong!” , she went to the Kaaba right away and took her brother’s poem down, which was hung on the wall at the top of all other poems and said: “Nobody has got something to say any more. Even my brother’s poem cannot stand before this eloquence.” When others saw that the most famous poem was taken down, they took down the other poems one by one, too.

The most famous and the oldest examples of poems of the Era of Ignorance are definitely the poems of “Muallaqat as-Sab’a” (Seven hangers). These poems were passed around and around, and reached the time when the Quran was sent down. It is strongly thought that these poems were collected by Hammad ar-Rawiya.

The poets whose poems were hung on the walls of the Kaaba are as follows:

Imru’l Qais, Tarafa, Labid, Zukhair, Amr bin Kulthum, Antara (a.k.a. Nabigha), Haris bin Hiliza (a.k.a. A’sha).

The religious, moral, political, social and literary state of Arabia at the time Hazrat Muhammad was about to be given the duty of prophethood was like that…

Of course, there was a need for a person who would change this scene of violence and barbarism. That person was already decided by the command of pre-eternal Fate: Hazrat Muhammad (pbuh).

He was going to change world’s physical and metaphysical face with the Divine Light he brought with him… He was going to turn people’s faces from world to the otherworld, from mortal lovers to the Eternal Beloved One and by doing this, he was going to provide people with worldly and unworldly happiness.

This person who was going to be assigned as a prophet by Allah was going to declare that people were not on their own, and everything in the universe from atoms to Solar systems, from stars to galaxies were wandering for a divine reason, and that universe was in the service of a sublime reason.

This person was going to save humanity from the marsh of immorality, in which they were swamping, by teaching them the most beautiful lessons of morality.

He was going to answer the questions such as “Why was the universe created?” “Where did the human beings come from?” and “Why did they come and where are they going to go?”

This person was going to inform people about Allah, who is the owner of the human beings, of what He wants from humans, what He likes and what He dislikes clearly.

This person was going to guide not only a specific tribe or a specific nation but also the whole humankind with orders he would take from Allah.

The Arabian Peninsula, too, like the whole world, was looking forward for that person to come in order to complete such significant duties.

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pallavicoh · 4 years

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Whisky is a type of diastilled beverage made up of fermented grain mash. There are many types of whisky, which are further categorized based on their origin and manufacturing process. Scotch whisky in general is a whisky, which is produced at Scotland. It is manufactured from malted barley and other non-malted cereals such as wheat or maize. Global Scottish whisky market was valued at US$ 4.97 Mn in 2018, and is expected to reach US$ 7.89 Mn by 2027, exhibiting a CAGR of 5.3% over the forecast period.

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Market Drivers:

Global Scottish whisky market is expected to be driven by increasing amount of customized services such as ready to drink Scotch whisky cans, which are offered by the market vendors, increasing number of Scotch whisky distilleries, and rising popularity of Scotch whisky-based tourism across the globe. For instance, according to the Scotch Whisky Association, in 2018, European Union was one of the largest markets for Scotch whisky, which accounted for around 36% of total exports in terms of volume.

However, growth of this market is expected to be hampered by availability of substitutes such as Irish whisky. Furthermore, grain whisky mature much rapidly compared to single malt whisky. Thus, increasing demand of single malt whisky cannot be fulfilled, owing to slow maturation process, which is expected to hamper market growth.

Market Opportunities

The market is expected to witness growth opportunities with increasing demand for aged Scotch whisky. The Scotch Whisky Association has launched Scotch Whisky Action Fund for promoting responsible consumption of alcohol and also tackle alcohol-related harm in Scotland. This organization is responsible for delivering targeted interventions for tackling harm amongst the young people, families, and communities which are impacted by excessive consumption of alcohol.

Key Takeaways:

Scotch whisky is categorized into various types such as single malt, blended malt, and single grain, among others. In general, all Scotch whisky must be matured for at least three years and it be fermented by adding yeast only. Although, single malt whisky is matured for about 8-12 years or longer period.

Among distribution channels, off-trade segment is expected to witness significant growth in the global Scottish whisky market over the forecast period. The off-trade segment majorly include supermarket & hypermarkets, discount stores, and online stores. Moreover, whisky is majorly purchased by customers at cheaper rates from the duty-free stores. Premium whiskeys are stored by the customers for certain special occasions, which is further expected to drive growth of the market.

Competitive Section:

Company Names

Diageo Plc.

Pernod Ricard

William Grant and Sons Ltd.

Bacardi Limited

Bowmore Distillery

Suntory Beverage & Food Limited

Brown-Forman Corporation

LVMH

Isle of Arran Distillery

La Martiniquaise

The Edrington Group

Key Developments:

In March 2019, William Grant & Sons Scotch Whiskey entered into partnership with a block chain tech company Arc-net for releasing new variety of whiskey capable of capturing full distilling and manufacturing process. This allows the customers to track their whisky from source to the store, ensuring authenticity and traceability.

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#ScottishWhiskey

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shruticmi-universe · 4 years

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IRISH WHISKEY MARKET ANALYSIS

Irish Whiskey Market, by Product Type (Single Malt, Single Grain, Pot Still, and Blended), by Distribution Channel (Specialty Stores, Hypermarkets & Supermarkets, Duty-free Stores, Restaurants & Bars, Online, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

Irish whiskey Market – Insights

Irish whiskey is one of the oldest and most popular distilled spirit among consumers across the globe. It possesses a unique smooth flavor and appears as pale gold color compared to smoky and earthy flavor of scotch whiskey. The global Irish whiskey market witnessed a decline in 20th century, owing to introduction of blended whiskey around the world. Furthermore, additional factors such as independence war of Ireland in 1920s and trade war with Britain coupled with the alcohol prohibition in the U.S. during 1930s, together hampered the production and exports of various distilleries in Ireland. In the later years of 20th century, global Irish whiskey market witnessed a resurgence, owing to rising number of operating distilleries and new entrants in the alcohol beverage industry.

The global Irish whiskey market was pegged at 95 million liters in 2018, and is expected to exhibit a CAGR of 8.9% over the forecast period (2019-2027), to reach 200 million liters by 2027.

In November 2019, European Union (EU) and China signed a bilateral agreement for protection of European Geographical Indications (GI) in China, along with Chinese Geographical Indications in the EU. Geographical Indication (GI) tag is a sign used for products, which possesses a reputation or qualities due to its specific geographical origin. The deal will allow Irish whiskey manufacturers to take legal actions against liquor producers, who trades fake products in China. This action is expected to encourage Irish whiskey producers to launch new products in the China, which in turn is expected to drive growth of the global Irish whiskey market during the forecast period.

Figure 1. Global Irish Whiskey Market, Volume Share (%) Analysis, By Region, 2018

Source: Coherent Market Insights, 2018-19

Furthermore, increasing number of collaborations among leading companies with an aim for increasing their market presence across the globe, is expected to fuel growth of the global Irish whiskey market over the forecast period. For instance, in August 2019, Pernod Ricard, a France-based company and one of the global leaders in alcoholic beverage industry, acquired Castle brands, a U.S.-based liquor manufacturer, which markets premium alcohol beverage brands internationally. As a result of this acquisition, Pernod Ricard took control of the Knappogue Castle Irish Whiskey and Clontarf Irish Whiskey.

In addition, the surge in number of different distribution channels such as outlets in airports and online retailing, in recent times, are expected to fuel demand for alcoholic beverages. Moreover, increasing research and developments by companies for production of distilled spirits, owing to the changes in consumer’s preferences for taste and variants, is expected to boost the global Irish whiskey market growth during the forecast period.

One of the key challenges of the global Irish whiskey market include strict government rules and regulations across the globe. For instance, alcohol consumption is prohibited in many countries, especially the ones with Muslim population as majority such as Saudi Arabia, Libya, Iran, Yemen, Pakistan, and others, which in turn, is expected to be a major restraint to overall growth for global Irish whiskey market. In addition to this, stringent government regulations about the legal age of drinking is expected to hamper the market growth of Irish whiskey. For instance, the permissible legal age of drinking alcohol in Kazakhstan, Mongolia, and some parts of India such as Punjab, Haryana and Delhi is 25.

Figure 2. Global Irish whiskey Market – Opportunity Analysis

Source: Coherent Market Insights, 2018-19

Major companies operating in the global Irish whiskey market include Beam Suntory, Brown-Forman, Diageo, Pernod Ricard, William Grant & Sons, and Castle Brands.

The companies operating in the global Irish whiskey market are focused on launching new blends of Irish whiskey. For instance, on 8th February 2020, Kilbeggan Distilling Company, a subsidiary of Beam Suntory, which is one of the world’s leading producers of distilled beverages, launched the limited-edition of Kilbeggan Single Pot Still. This new product is a combination of malted barley and oats, a recipe inspired by traditional Irish whiskeys. This scenario is expected to drive the market growth during the forecast period.

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Address: Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154, U.S.

Phone: +1-206-701-6702

Email: [email protected]

Source: https://www.coherentmarketinsights.com/market-insight/irish-whiskey-market-3474

#IRISH WHISKEY MARKET ANALYSIS

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thetejasamale · 4 years

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Dimethylaminopropylamine Market: Trends, Size, Share, Growth, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2025

Dimethylaminopropyl Amine Market- Competitive Landscape

In competitive landscape, the report analyses the degree of competition among the industry players as well as industry growth and market scenario. Globally dimethylaminopropyl amine market is at a growing stage which represents moderate stats in terms of market value and overall volume. Over the past few years specialty amines market has witnessed moderate demand from industries like agrochemical, water treatment, dye intermediates. Nevertheless, the degree of competition among the market players is still less, owing to limited market players across the globe. Globally market for dimethylaminopropyl amine is fragmented in nature and it is moving towards growth expansion by specifically adopting partnership, expansion and joint-venture strategies and product launch strategies.

BASF SE(Germany), Huntsman International LLC.(U.S), Eastman Chemical Company(US), Air Products and Chemicals, Inc.(US), Alkyl Amines Chemicals Limited(India), PCC Rokita SA (Poland), Realet Chemical Technology Co,Ltd (China) and others among others are some of the prominent players at the forefront of competition in the Global DimethylaminopropylamineMarket and are profiled in MRFR Analysis.

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Dimethylaminopropyl Amine Market – Overview

Dimethylaminopropylamine are organic derivatives of ammonia, in which one, two, or all three of the hydrogen of ammonia are replaced by organic groups. These amines have excellent physical and chemical properties and can offer better color and heat stability along with improved oil solubility. The global dimethylaminopropyl amine market is expected grow moderately and register a positive CAGR over the forecast period. Some of the protuberant drivers supporting the growth of global dimethylaminopropylamine market are growing demand in various application such as cosmetics & personal care, textile fibers, dyeing, medicines, lubricant additives, polyurethane catalysts, resins, other sector. However, the raw material required for the manufacturing of dimethylaminopropyl amine is very high. Additionally, the availability of raw materials for production of dimethylaminopropyl amine is also a challenging task for the manufacturers which may restrain the market. The usage of dimethylaminopropylamine is accompanied by harmful effects on environment and human health, hence stringent environmental regulations would reduce the consumption and production of amines, which is a threat to this market.

As agriculture sector accounted high contribution to the GDP of the developing economies. There is tremendous opportunity for the dimethylaminopropylamine market with its use as herbicide, insecticide, fungicide in agriculture sector for countries with developing economies. The dimethylaminopropylamine are used by many industries, including for the manufacture of agrochemical, pharmaceutical and water treatment chemical. However, recently a growing trend of use of dimethylaminopropylamine as additives for the manufacture of polyurethane foams, coatings, lubricants and detergents is observed.

DimethylaminopropylamineMarket - Regional Analysis

Asia Pacific region accounted largest market share in the global dimethylaminopropyl amine market and expected to dominate during the forecast period due to rising agriculture sector in developing economies, water treatment, adhesives and growing pharmaceutical industry in the region. China being largest consumer, manufacturer and exporter of polyether Amine. Chinese manufacturers are mostly small manufacturers and some of the prominent manufacturers. India is the second largest consumer in Asia Pacific region. Several initiatives taken by Government of India will support the growth of coating industry in India. One of such initiative is 'Make in India'. This initiative is expected to foster growth in Indian anti-reflective coating market by allowing duty rationalization for skill development, feedstock, improving infrastructure and tax incentives for R&D investments. Approval of the GST bill is another key reform which is expected to lower logistics cost by 10-15% and create a unified market across the country. The launch of Single Window Interface for Facilitating Trade (SWIFT) by government would help importers or exporters to file a common integrated declaration, instead of 9 forms across 6 agencies. In addition to this, North America & Europe have witnessed healthy growth in dimethylaminopropyl amine market owing to a growing non-residential repair, renovation and new construction activities in the region.

For More Information on This Report Visit@ https://www.marketresearchfuture.com/reports/dimethylaminopropylamine-market-2492

Industry/ Innovation/ Related News:

Evonik completed acquisition of Performance Materials Division from Air Products

Arkema planned to invest in three projects in Asia as part of a plan to drive up its share of sales from specialty chemicals to more than 80% by 2023.

BASF expanded its range of specialty amines.

BASF further expanded production capacity at specialty amines complex in Nanjing, China

Mergers & Acquisitions DowDuPont Inc. is an American company formed after the merger of Dow Chemical and DuPont on August 31, 2017 to increase there global market share in specialty chemical market.

Huntsman increased specialty amines as a polyurethane catalyst capacity in Petfurdo, Hungary and Barcelona, Spain

NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

COVID-19 Study in Detail:

Impact of COVID-19 on Iso-Propyl Alcohol Market

Impact of COVID-19 on Steel Extruded Products Market

Coronavirus Outbreak and Plastic Films Market

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businessconsultingarticle · 4 years

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Duty-Free Retailing Market Growth, Competitors Analysis and Business Opportunities 2020-2027

The Global Duty-Free Retailing Market research report offers accurate insights for the growth prospects of the Duty-Free Retailing market in the forecast years 2020-2027. The report is an all-inclusive study of the Duty-Free Retailing market that offers the readers a better view of the current and emerging market trends through a thorough analysis of the market size, growth trends, supply and demand ratio, market share, sales network and distribution channels, and other key elements.

Furthermore, the report is furnished with the current market scenario with regards to the COVID-19 pandemic. The global public health emergency has disrupted the lives of everyone across the globe. It has also had a substantial impact on the Duty-Free Retailing industry as global supply chains have been disrupted, and the financial scenario is tight. The report assesses the initial and future impact of the pandemic on the market and its key segments to offer an accurate futuristic outlook for remuneration in a post-COVID-19 scenario.

Get a sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/208

Scope of the Market Report:

The report offers a holistic overview of the Duty-Free Retailing industry that offers all the essential information. Furthermore, the market is segmented into product types, applications, end-user industries, and regions. The report is formulated by extensive primary and secondary research and backed by the verified data from industry experts and professionals. It also sheds light on the market size and analyzes the market position. Along with this, the report extensively studies the competitive landscape in the market and profiles the key players of the industry.

The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies. The key players studied in the report include:

Dufry, Lagardère Travel Retail, Lotte Duty Free, LVMH, Aer Rianta International (ARI), China Duty Free Group, Dubai Duty Free, Duty Free Americas, Gebr. Heinemann, JR/Group (James Richardson), King Power International Group (Thailand), The Shilla Duty Free.

Market Segmentation by Type:

Perfumes

Cosmetics

Alcohol

Cigarettes

Others

Segmentation of the Market by Application:

Airports

Onboard Aircraft

Seaports

Train Stations

Others

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/208

Additionally, the report covers an analysis of the key market regions where the market has substantial size and share. Along with the regions, the report also offers a country-wise analysis to enable better comprehension of the market competition. The key regions covered in the report are as follows:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

To read more about the report, visit @ https://www.reportsanddata.com/report-detail/global-duty-free-retailing-market-by-manufacturers-countries-type-and-application-forecast-to-2022

Summary of the Report:

The report offers a growth estimate for 8 years along with a forecast for market valuation

A thorough qualitative and quantitative analysis of the Global Duty-Free Retailing Market

Advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis

Comprehensive study of the prominent players engaged in the market along with their product portfolio and business expansion strategies

Strategic recommendations for new entrants and established players

Extensive analysis of drivers, restraints, limitations, growth prospects and opportunities, and threats

In-depth regional analysis to offer a panoramic view of the Duty-Free Retailing market along with a better understanding of the market’s competitive scenario

Thank you for reading our report. The customization of the report is available as per your research needs. Please get in touch with us, and our team will ensure you get the report tailored as per your requirements.

Read Our Publication:

Satellite Cameras Market Size, Trends & Analysis, By Product Type, By Application, By End User, By Region, Forecasts To 2027

Contact Tracing Technology Market Size, Share & Analysis, By Database Management, By Devices, By Tracking Technology, By End-Use Verticals, Forecasts To 2027

#Duty-Free Retailing Market #Duty-Free Retailing Market Trends #Duty-Free Retailing Market Size

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delhidutyfree · 1 year

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Delhi Duty-Free is the best place to find affordable liquor in Delhi. This renowned shopping complex is situated in the International Terminal at the Indira Gandhi International Airport and offers its customers an extensive collection of alcoholic spirits of all varieties. Whether one is an occasional consumer of spirits or an avid connoisseur of them, Delhi Duty-Free is guaranteed to meet their needs.

Why Delhi Duty-Free Is the Best Place to Find Liquor

Firstly, one of the biggest advantages of shopping at Delhi Duty Free is the incredible variety available. Be it vodka, beer, rum, tequila, wine, whiskey, liqueurs, cognac, or any other spirit, customers are spoilt for choice here. Delhi Duty Free liquor curates its collection with the utmost care and takes pride in sourcing alcoholic beverages from the world’s best-loved brands. Customers have the opportunity to investigate rare and limited-edition bottles from esteemed distilleries, unavailable elsewhere in India.

Not only are the variety and quality of spirits at Delhi Duty Free astounding, but their affordability is unrivaled. Delhi Duty Free offers its customers unbeatable discounts, easing the burden of high liquor prices. The rates are almost 40-50% lower than average market prices. With such attractive deals, customers can afford to buy multiple bottles with the same budget.

Delhi Duty-Free also provides its customers with impeccable service. Every aspect of a customer’s experience is tailored to perfection. There are also many Delhi Duty Free liquor offer going on. Not only that, to assist shoppers, employees are available to guide them through the store, explain the various products available and help them find what they are looking for. The shopping complex is filled with unique features that make even the smallest purchases feel special. Gift-wrapping facilities are available, along with helpful liquor advisors to help customers pair their chosen beverage with the perfect snack or meal.

Other Things Offered by Delhi Duty-Free

When it comes to international brands, Delhi Duty-Free offers a wide range of spirits, wines, fragrances, cosmetics, watches, and luxury accessories, sourced from some of the most renowned manufacturers in the world. Brands such as Johnnie Walker, Hennessy, Moet and Chandon, Paco Rabanne, Lancome, Gucci, and Rolex are just some of the luxury brands available at Delhi Duty-Free. Deluxe spirits and fine wines from the world’s most renowned names in alcohol production are also on offer at competitive prices, with the store frequently adding new product lines and exclusive offers.

Delhi Duty-Free also offers a selection of Indian-made products. Specialty items, such as Indian spices and tea, handmade crafts and jewelry, and traditional attire can all be purchased at sales-friendly prices. Home décor items, souvenirs, designer items, musical instruments, and apparel are also available. Additionally, Delhi Duty-Free partners with several Indian companies, including Hyatt Hotels & Resorts, The Indian Hotels Company Ltd. (IHCL), and The Oberoi Group to provide travelers with a unique shopping experience.

In addition to its physical store, Delhi Duty-Free also offers online shopping, which is provided through a website and an app. Customers can browse the store’s product catalog and purchase items from the comfort of their own homes. Home delivery services are also available for orders placed through the website or the app.

#Duty-Free #Delhi Duty Free #Delhi Duty Free liquor #Delhi Duty Free liquor offer #Duty-Free also offers online

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akankshasmishra · 4 years

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What Are Shariah Compliant Mutual Funds?

Shariah Law is a law for Muslims mentioned in the Quran and the hadith. It restricts its followers from doing a specific kind of business. Investing in mutual funds might be a breach of certain rules.

To encourage this minority to invest in funds, multiple companies have come up with mutual funds that completely abide by the Shariah Law. So, here we will read all about the Shariah Compliant Mutual Funds that fulfill their interests.

India has 6 main religions with Muslim, Sikh, Jain, Christian, Buddhist, and Zoroastrians having minority status. Each minority has its own beliefs and rituals, which they follow. Even in investing, there might be some situations where putting money in a scheme might be a breach of a rule/law mentioned in any of the religious texts.

Which Shariah Compliant Mutual Funds Are Available In India?

S&P was among the first to launch Shariah Mutual funds in India with the following names

S&P CNX 500 Shariah

S&P CNX NIFTY Shariah

But currently, three schemes are offering Shariah Complaint Mutual Funds:

Tata Ethical Funds: – The scheme from TATA is best for investors looking for diversified investments. This is also great for people with less or no stocks and banking exposure. These funds give good returns in the long term. It is excellent for people wanting to invest in Equity and Equity related funds complying with Shariah law.

Taurus Ethical Funds: – Similar to TATA ethical funds, these funds also comply with shariah law and invest according to the rules mentioned. They give great returns in long terms and also bear the low risk.

Nippon India Shariah Bees: – Nippon India ETF generates money by investing in indexes similar to Nifty 50 Shariah Indexes. People seeking to invest for medium to long-range invest in these funds to obtain good profits. As these are ETF funds, for investing in it you need to have a Demat account. They are almost a carbon copy of S&P Nifty 50 Shariah; people having prior investments in it will be quite happy to invest in Nippon India Shariah Bees.

Which Of The ETF/Mutual Funds Is Right For Me?

Each of the mutual funds has its own set of features, making it usable for different kinds of people. Nippon India Shariah Bees is the ideal for choice for people who want to invest in Nifty 50 and wanting to get stable results for an extended period of beating inflation.

Nippon India Mutual funds require you to make a Demat account, and it is also low on liquidity because of the low trading values in ETF.

The other two Taurus and TATA ethical funds comply with the Shariah Law and give good returns. The investments are diversified with equity and equity-related funds with different market caps. You also don’t need to open a DEMAT account for investing in Shariah Mutual Funds.

Who Can Invest In Shariah Compliant Mutual Funds?

Shariah Compliant Mutual funds are compliant with shariah law. There are restrictions implied which are to be followed by every Muslim.

These are brought up mostly by the people following Shariah law or Muslims, but there are no restrictions as per the funds rule. Any Indian Citizen, NRI, or HUF’s are permitted to invest.

Minimum And Maximum Investment For Shariah Compliant Mutual Funds?

If you are trying to invest a lump-sum amount, then the minimum investment is 500Rs, and if you are trying to invest in SIP, then the minimum investment is 100Rs, which is invested monthly.

With respect to the maximum amount, there is no limit howsoever, on how much money you can invest.

What Is The Benchmark?

The benchmark used to compare Shariah mutual funds is S&P BSE 500 index. It compares the performances of the shariah funds with other funds.

They are specially designed to track the market performances of Shariah Mutual Funds.

Features Of Shariah Compliant Mutual Funds

According to Shariah Law Muslims cannot invest in all types of mutual funds; it has some restrictions for them to follow. Shariah-compliant mutual funds invest under Islamic boundaries.

1. Muslims are not allowed to invest anywhere involving harming people, either physical or emotional, or companies selling weapons, companies that harm the environment. Hence, Muslims are forbidden from investing in companies making a large amount of income using the sale of tobacco, drugs, alcohol, or weapons.

2. Muslims are also bound to avoid interest or Riba. Earing interest through any unfair means is considered as an engagement of war against god. So shariah funds avoid all the types interest, and the appointed Shariah Board distributes the interest to the poor and needy one’s

3. Mutual funds with a high level of risk are completely avoided, equity debt funds are also not included.

4. Shariah Mutual Funds also does not include investment in fixed -income streams.

5. Any individual is permitted to invest in Shariah mutual funds. It is a common misconception that only Muslims are allowed to invest.

Restrictions According To Shariah Law

For a mutual fund to be considered as a Shariah Compliant Mutual fund, certain restrictions have to be followed by the funds.

Debt to Asset Ratio: – It cannot be invested in funds where the total debt is one fourth or greater than its total assets.

Interest-Free Companies: – There are no companies that do not earn any income through interest; however, companies earning up to 3% interest are considered eligible to get invested.

Restricted Business: – The funds are not eligible to get shares of the company getting a major portion of their income through the sell of liquor, drugs, gambling, nightclubs activity, etc.

Tax Benefits On Shariah Compliant Mutual Funds

Shariah-compliant mutual funds currently do not enjoy any tax benefits and the interest earned is taxed normally according to the prevailing tax rates.

Interest earned within 1 year is considered as short-term gains and are taxed at an interest rate of 15%. For gains up to 1,00,00Rs, they are treated tax-free. In the case of long-term gains where the period of holding is greater than 1 year, the earnings are taxed at an interest rate of 10%

In the case of investments in gold funds, the earnings are considered as long term if the period of holding is greater than 3 years. If the time of holding is less than 3 years, then they are considered as short-term investments.

Shariah Compliant Mutual Funds Schemes In Detail

1. TATA Ethical Funds:

This scheme was launched in 1996. The TATA funds invest in a diversified company based on the shariah law. All the mentioned schemes have a benchmark of Nifty 50 Shariah TRI.

Scheme strives to provide medium to long- term capital gains by investing in equity and equity-related instruments following shariah laws of well-researched value and growth-oriented companies.

Types Of The Plan You Can Select

Regular Plan (For applications brought by the Distributors):

Growth

Dividend

Direct Plan (For applications not availed through Distributors):

Growth

Dividend

The minimum amount for transactions:

Regular Plan & Direct Plan:

Minimum Amount for Purchase: Dividend Option: Rs. 5,000/- and in multiples of Re. 1/- after that. Growth Option: Rs. 5,000/- and in multiples of Re. 1/- after that.

For additional investment Rs. 1,000/- and in multiples of Re. 1/-.

The repurchase or switches from one scheme to another request can be made for a minimum of- Rs. 500/ or minimum of 50 units.

2. Taurus Ethical Funds:

Taurus Ethical funds are also popular due to its hassle-free application and easy terms

Types Of Plan

They come with 2 plans

Regular Plan: This Plan is for investors who wish to do their investment via any distributor.

Direct Plan: It shall be available for such investment applications that are not routed through a distributor.

All the features of the Direct Plan under Scheme like the investment strategy, risk factors, facilities offered load structure, investment objective, asset allocation pattern, etc. will be all the same except for a lower expense ratio in the scheme.

Brokerage to distributors will not be charged under the Direct Plan

Minimum Amount For Application:

Purchase: 5000/- and in multiple of 1/- after that

Additional purchase: 1000/- and in multiple of 1/- after that

Redemption can be done for any amount or any number of units

Nomination Facility:

Investors should use for the nomination facility to avoid hassles or any problems in case of unprecedented events about to happen in the future. The nominee shall receive the Units only after the death of the owner

3. Nippon India ETF India Shariah BeES

Similar to the previous two schemes they also comply with the Shariah principles.

The aim of the Nippon India ETF Shariah BeES scheme is to provide returns that closely represent to the total returns of the Securities and companies as represented by the Nifty50 Shariah Index. They do so by investing in the same proportion as done in the index.

Minimum Investment:

Through Stock exchanges:– 1 unit and then in it’s multiple

With mutual funds:– In creation unit size viz 10,000units and it is multiple;

In accordance with its investment objective, Nippon India ETF Shariah BeES only invests in Securities or funds, which are represented in the Nifty50 Shariah Index.

However, Nippon India ETF Shariah BeES is not a Shariah-compliant scheme. In some regard, Nippon India has not appointed a Shariah board and currently does not follow any process for purification of the Shariah dividend.

What Is Shariah Law?

Shariah is the fundamental concept of Muslims, can be said as its law. It is looked upon as the god’s expression for Muslims i.e. how they should behave, and for that certain duties are to be followed by all the people believing the religion.

Ritual practices such as daily prayers, almsgiving, fasting, pilgrimage are the main constituents of Sharīah. They are ethical standards for Muslims on what one shall do and what one should refrain from doing.

What Does Investing Means as Per Shariah Law?

Shariah Law puts specific rules for Muslims on Investing:

High risk: – Muslims are not permitted to gamble or do any sort of gambling where high risk is involved, and if anyone does so, this act is considered as a sin. In short, Muslims are not permitted to enter business with high risk or gamble your money.

Restricted business: – Muslims are not allowed to carry or get involved in some specific business. These businesses include gambling, smoking, tobacco, and drugs. Even investing in companies manufacturing them is considered an immoral and sinful act.

Ban On Payment of Interest: – According to Shariah Law, taking a loan against interest is considered unlawful, and it is considered unfair and unjust to pay interest. Solutions for this can be a partnership or ownership of a business to get funds.

Frequently Asked Questions(FAQs)

1. What are the people who can invest in Shariah-compliant Mutual Funds?

Although Shariah Mutual Funds comply and abide by the rules mentioned in Shariah Law. There are no restrictions that laid on the person investing in the funds. Any Indian Citizen, NRI, or HUFs are eligible to invest.

2. Are Their any Tax benefits under the scheme?

No, currently there are no tax benefits to be availed under the scheme and are taxed similar to any other mutual funds scheme.

3. What is the minimum amount that has to be invested in the scheme?

The minimum amount ranger from company to company, but generally, this amount is Rs 500 for a lump-sum amount and Rs 100 in SIP investments.

4. Can a person from other religions invest in Shariah complied Mutual funds?

There are no restrictions on the caste, creed, or religion on the person investing in the funds. Any Indian citizen NRI or HUFs can invest in Shariah Mutual Funds.

5. What is Nippon India Shariah Bees?

Nippon India ETF generates money by investing in indexes similar to Nifty 50 Shariah Indexes. People seeking to invest for medium to long-range invest in these funds o obtain good profits. As these are ETF funds, for investing in it you need to have a Demat account.

6. What is Tata Ethical Funds?

TATA Ethical Funds is best for investors looking for diversified investments. This was also great for people with less or no stocks and banking exposure. These funds give good returns in a long term. It is great for people wanting to invest in Equity and Equity related funds complying with Shariah law.

7. Which is the best scheme among Tata Ethical Funds, Taurus Ethical Funds, and Nippon India Shariah Bees?

Limited schemes are abiding by the Shariah law and Nippon India Shariah Bees, Tata Ethical Funds, and Taurus Ethical Funds are among them. You should deeply look upon each of the schemes before deciding to invest in one of them.

8. What are the main restrictions for Muslims to invest in?

Muslims are not allowed to invest anywhere involving harming people, either physical or emotional, or companies selling weapons, companies that harm the environment. Hence, Muslims are forbidden from investing in companies making a large amount of income using the sale of tobacco, drugs, alcohol, or weapons.

9. If the debt to asset ratio is greater than 25%, will the companies invest in it?

According to restrictions by Shariah Law, the companies cannot invest in companies that have a debt to asset ratio greater than 25%.

10. How are Shariah-compliant mutual funds taxed?

Interest earned within 1 year is considered as short-term gains and are taxed at an interest rate of 15%. In the case of long-term gains where the period of holding is greater than 1 year, the earnings are taxed at an interest rate of 10%. For gains up to 1,00,00Rs, they are treated tax-free.

Bottom Line

The total AUM(Assets under Management) for all the three companies are very less as compared to the total market value of mutual funds and the total number of investor is also very less. In the future, multiple companies need to step upbringing in multiple schemes attracting people to invest in it.

Shariah-compliant mutual funds abide by all the rules mentioned in the Shariah Law. They do not invest in companies dealing with prohibited products. Earning interest and speculation is also not done by the fund providers. They are very good mutual funds, giving a good option for investing for Muslims without violating any religious laws

source http://invested.in/shariah-compliant-mutual-funds/

source https://investedindia.wordpress.com/2020/09/29/what-are-shariah-compliant-mutual-funds/

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3medsssss · 4 years

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10 myths about diabetes

There are a variety of diabetes theories, which are way too frequently stated as reality. Sometimes these misrepresentations about diabetes may be detrimental and create an unjust misconception surrounding the disease.

Information on diabetes is readily accessible, both from healthcare providers and from the Internet, although not all of it is valid.

It can be tough to know what's right, but this page attempts to illustrate the top ten of the most popular misconceptions about diabetes.

You may be interested in these facts on diabetes, as well as the diabetes myths.

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MYTH 1: PEOPLE WITH DIABETS MAY NOT EAT SUGAR

This is one of the most popular misconceptions about diabetes; that people with the disease must consume a diet free of sugars.

People with diabetes need to eat a healthy diet which can reasonably contain some sugar.

People who have diabetes may be eating sugar.

MYTH 2: TYPE 2 DIABETES IS MILD

The diabetes theory is commonly repeated, but it's not real, of course.

No diabetes is moderate.

If type 2 diabetes is poorly controlled it can cause severe problems (even life-threatening).

Effective diabetes management will dramatically lower the risk of complications but this does not mean that the disease itself is not dangerous.

MYTH 3: TYPE 2 DIABETS JUST THE PEOPLE OVERWEIGHT

Although the media frequently equate Type 2 diabetes with being overweight and obese, it is patently untrue that Type 2 diabetes only affects those overweight.

About 20 per cent of patients with type 2 diabetes are of normal or underweight weight.

MYTH 4: PEOPLE CAN JUST EAT DIABETIC FOOD

Diabetic food is among the most popular misconceptions of the last decade. On sweet goods the word 'diabetic' is also used. Sugar alcohols, or other sweeteners, are also used in place of sugar. Diabetic foods also appear to affect blood glucose levels, are high, and can cause adverse side effects.

MYTH 5: PEOPLE GO BLIND AND LOOSE THEIR LEGS AFTER DIABETES

Diabetes is a leading cause of blindness and is also responsible for multiple amputations last year. Those people with diabetes, however, who regulate blood pressure , cholesterol, weight and stop smoking all raise their odds of being free of complications.

MYTH 6: PEOPLE ARE DANGEROUS DRIVERS WITH DIABETES

This theory is based on an imprecise generalisation. For people with diabetes the greatest risk of driving is where there is hypoglycemia.

Hypoglycemia is, however, a preventable condition and the vast majority of people with diabetes at risk of hypos take treatment to stop hypos while driving.

Statistics suggest that diabetics are no less healthy on the road than everyone else attributing major injuries to hypoglycemia involving fewer than 0.2 per cent of insulin-treated passengers.

However, there is a persistent misconception that people with diabetes are risky drivers.

MYTH 7: PEOPLE SHOULDN'T PLAY SPORT WITH DIABETES

Diabetic sportsmen and women of high renown disproved this diabetes theory. People with diabetes should take part in the workout to keep their diet healthy.

Before taking part in sport, there are certain considerations worth considering, but there is no excuse that people with diabetes often can not participate.

See a list of some of the sportspeople who have had diabetes.

MYTH 8: PEOPLE WITH THE DIABETS CANT DO CERTAIN JOBS

Getting diabetes won't preclude you from getting a career because with the changes that have been made in diabetes care, the number of occupations for which people with diabetes are disqualified is very limited today.

The military is one career that can prohibit people with diabetes from taking on particular positions, such as front-line duty, but many others.

It's worth noting that people with diabetes who are unable to work may be entitled to specific benefits for particular sight or movement purposes.

MYTH 9: PEOPLE ARE MORE LIKELY DIABETES TO BE ILL

People with diabetes are less likely to suffer colds or other ailments. The importance of disease for people with diabetes is that it will make it more difficult to control blood glucose levels

MYTH 10: DIABETES IS CONTAGIOUS

Diabetes can not be picked off from anyone else, something like a classic childhood fallacy. Diabetes is known as a non-communicable condition, meaning that it can not be spread to a person by sneezing , coughing, blood or any other method.

The only way to spread diabetes is by parents to their own children, but even this is just age.

Buy medicines online at 3 MEDS to get a maximum discounts on genuine medicines and all healthcare products. 3MEDS’ aim is providing safe, reliable, and affordable medicines but also worthy customer service.

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thecontentgeekofficial · 4 years

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Liquor Sales the only savior of the World Economy?

The World economy is in deep shit, so who's gonna be our Saviour? Wait, what! Liquor? Really… The current economic crisis calls to mind the Great Recession of 2008 in terms of widespread damage, while others draw comparisons to the Great Depression of the 1930s. The global “supply shock” set off by the coronavirus outbreak and its impact on supply chains is sending chills to the World Leaders. But apart from that, a larger fear seems to loom- an old-fashioned “demand shock” that emerges when everyone simply stays at home.

How can Alcohol be the savior of the World Economy?

With no work and business operations, no export or import, no tourism, no FASTags or toll collection, and, obviously, no income from stamp duty as it is closed, (and so many, forgive my memory), the world can elegantly make income from only 'Alcohol' with or without tax increases. How? Facts Between 2010 and 2017, alcohol consumption in India increased by 38 percent - from 4.3 to 5.9 liters per adult per year. Over the same timescale, consumption increased slightly in the US (9.3-9.8 liters) and in China (7.1-7.4 liters). But call it popularity or modernization, the total volume of alcohol consumed globally per year has increased by 70 percent, from 20,999 million liters in 1990 to 35,676 million liters in 2017. Then- Before 1990, alcohol was only prominent in the developed countries, with the highest use levels recorded in Europe. Now- Alcohol consumption has grown in low and average developed countries, while the total volume of alcohol consumed in developed countries has remained stable. Surprisingly, this pattern has changed substantially, as in Eastern Europe the consumption has gone down while in several developing countries such as China, India, and Vietnam it has increased. What's on the cards? This trend is forecast to continue up to 2030 when Europe is no longer predicted to have the highest level of alcohol use. Globally, alcohol consumption is set to increase from 5.9 liters pure alcohol a year per adult in 1990 to 7.6 liters in 2030. Production of Alcohol In 2018, the beer production in North and South America amounted to about 604.72 million hectoliters. The world's total beer production came to 1.94 billion hectoliters. In 2019, Anheuser-Busch InBev was the largest beer company in the world, with sales amounting to approximately 54.6 billion U.S. dollars. This American brewing company is responsible for the production, importation, and distribution of many global brands; specifically Budweiser, Stella Artois, Beck's, Corona, Leffe, and Hoegaarden. The company also produces domestic brands such as Bud Light, Busch, Michelob, to name a few. Consumption of Alcohol Reports suggest that global alcohol consumption was approximately 271.5 billion liters last year. Revenue (2020) Worldwide US $ 1,587,868 M India US $52,575 M In India, Delhi earns over Rs 5,000 crore from liquor sales every year. Karnataka earned Rs 21,400 crore last year from liquor sales and Kerala set a record at Rs 14,504.67 crore in FY 2018-19, a jump of Rs 1,567.58 crore from 2017-18. It's safe to concur that India loves to drink.

Impact of Liquor Sales on World Economy

During the Covid19 outbreak, Indian states are losing a whopping 700 crore a day, going by industry estimates. Why not, for alcohol is one of the largest revenue generators for the states. In the nationwide lockdown, the states across the country have collectively lost an estimated revenue of over Rs 27,178 crore. Fun Fact, after a 2 days restricted trial opening of Alcohol shops in Assam, it was forced to shut it down, result- the state has lost approx. Rs 100 crore in alcohol revenue earnings in the last two weeks. That's India. Let's see what's going on in other countries- US Alcohol sales in the United States jumped 55 percent during the last week ending March 21. Wine at 66 percent. Beer, cider, and other kinds of booze were up 42 percent. Hard alcohol, such as tequila, gin, and premixed cocktails, have seen the highest increase with sales jumping over 75 percent compared to the same period last year. The increase was staggering for online liquor sales: a 291 percent increase over the same week in 2019. UK In New York, liquor stores are considered essential businesses by Gov. Andrew Cuomo and remain open. But even so, national online sales were up 243 percent, far outpacing store sales. The sales of rum rose by 92.4 percent. South Africa Alcohol and tobacco ban costs SA’s collapsing economy an additional R1.7bn. China Liquor giant Kweichow Moutai Co.’s sale rose to 16.7% to 13.1 billion yuan, the company said in a filing on Monday. Total revenue rose by 12.8%. others making merry too. Russia In the last week of March, vodka sales across Russia’s largest retail chains jumped 31% in year-on-year terms, while whiskey and beer purchases increased 47% and 25% respectively, Nielsen, a market research firm, found. Australia The spending at liquor stores in Australia was up 86%, which is 34% more on alcohol than in the same period the previous year. Such was the situation that the liquor sale had to be limited per customer. Beer, cider, and premixed spirits are limited to two cases, and wine to 12 bottles per customer, while cask wine and bottled spirits are limited to 2 items each. France Sales of alcohol overall fell by 16 percent in the first two weeks. Sales of rosé wine lifted by 3.2 percent - probably due to the pleasantly warm weather - and beer by 6.9 percent. But most other types of alcohol sales fell with champagne suffering the worst fall of 52.5 percent. Sales at France's tobacco also rose - by up to 30 percent in some cases. Germany Germany waived off tax, which is approx €650 million (£572 million) beer tax, to give the country’s brewers more cash to protect workers’ jobs while beer sales stall during the lockdown. In the last week of March, German beer sales were down 9.4 percent on the year. Foreign beer sales were down a whopping 58 percent in early April. Countries that have banned Liquor sales South Africa Hong Kong Nuuk capital of Greenland Regions in Mexico Thailand (10 days ban) India

Why was Alcohol banned?

At times of lockdown during the Covid-19 pandemic, alcohol consumption can exacerbate health vulnerability, risk-taking behaviors, mental health issues, and violence. So it's for the people as well. The real problem in today's world is that- We are far more connected with one another than we previously were (call it population explosion or population migration). COVID-19 is winning because it exploits our closeness. In a memetic (one who loves memes) way- people homed, economy red-zoned. And, There comes a savior, outta plain sight, and woo! guess who it is?

I am unable to fetch the exact numbers of revenue generated by Liquor Sales but the increase in percentage surely suggests that it is working fine for those countries that had allowed its sale during Covid-19 Lockdown. A trick all other countries shall use sooner than later, but yes, with proper guidelines of Social Distancing. Till then stay safe mate, Keep Calm, and wait for the day. Did I miss anything? Please enlighten me, use the com box. It's free. Click on any icon you like from the left. Sharing is fun. Read the full article

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