Though it has looked like last year’s recession scare was a false alarm, the global Sukuk market is close to sending another signal about a slump. The noxious mix of the new coronavirus, low oil prices, and waning investor appetite are expected to hurt Sukuk issuance in 2020 from core Islamic finance markets that include …
Eid Mubarak To You All!
The Halal Times staff would like to extend our heartiest Eid greetings to Muslim brothers and sisters all over the world. According to our understanding, Eid-ul-Fitr is being held on Sunday, May 24 in most countries. However, there are some places in Canada and a few others where was the Eid day. According to many …
OIC Asks Members to Support Education Expertise With Poor Countries
JEDDAH: Organization of Islamic Countries (OIC) asks members to share their expertise in education with the least developed member states. In a speech at an extraordinary virtual conference of education ministers on Thursday, Dr. Yousef bin Ahmed Al-Othaimeen — secretary-general of the OIC stressed the value of sharing ways in which countries have managed their …
OIC Asks Members to Support Education Expertise With Poor CountriesRead More
What Is The Future Of The GCC Economies in The Post-COVID-19 Era?
The Middle East has been the most volatile region in the world for the past seven decades since Israel was established in 1948. The past two months have seen two major shocks for the region – the COVID-19 pandemic and the sharp oil price meltdown. There are several other problems as well which have rattled …
What Is The Future Of The GCC Economies in The Post-COVID-19 Era?Read More
Islamic Finance Gaining Ground In China
Islamic Finance has become a potential growth sector in China after the COVID-19 pandemic is over. This year’s GDP growth of China, the world’s second-largest economy and a major manufacturing hub are forecast to reach a 44-year low of just 2.5%, Chinese policymakers are planning for a rebound in various sectors of the economy after …
Halal Food Demand Rises In Indonesia Amid COVID-19 Pandemic
Halal food demand is rising in Indonesia as people turn to religious practices for comfort amid COVID-19 pandemic, reports have shown. Inventure Knowledge, local research and consulting company, said in a report published on Monday that concerns over the risks of COVID-19 had contributed to an increase in people’s awareness about the importance of consuming …
Halal Food Demand Rises In Indonesia Amid COVID-19 PandemicRead More
Halal Angels Network Aims To Tap $5trn
The World’s First Halal Angels Network was launched to promote innovation, entrepreneurship & startups to tap $5 trillion, as the Halal consumer market is on track to grow to $9.71 trillion by 2025. It was launched during the Covid-19 pandemic to help investors, businesses, entrepreneurs & startups overcome these challenging times. It is founded by …
Global Tourism Industry Pondering On Comeback Plans
Six months ago, the global tourism industry was celebrating a record year for travel. Now, it’s decimated and facing a recovery that could take years. Tourism Economics, a data and consulting firm, predicts global travel demand won’t resume its normal pace until 2023. When tourists do finally return, they will face a changed landscape that …
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What Does Air Travel Look Like During COVID-19 Pandemic?
Ghostly airports, countless flight cancellations, shops and restaurants closed, and a limited number of passengers: all this may have been an unfamiliar scene to frequent travelers until a couple of months ago. However, the on-going COVID-19 pandemic has made this all a reality at most airports globally. In fact, very few planes are flying these …
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GCC Countries May Face Deep Recession
GCC countries may face a deep recession, Japan`s Mitsubishi UFJ Financial Group reported on Monday. The bank expects the GCC economies` GDP to shrink by 3.7% this year. The forecast was based on the recent oil output cuts, the on-going impact of COVID-19 pandemic, and the stimulus packages provided by various GCC economies recently. The …
Global Halal Meat Sales Plummet Due To COVID-19
São Paulo – Halal meat sales have plummeted due to COVID-19, Brazilian media has reported the story. Every year, GCC countries’ food imports jump before Ramadan or other special times of the year. But, not this time. This year, there has been a sharp decline in halal meat imports from Brazil to the Middle East …
New York To Distribute 500,000 Free Halal Meals To Muslims During Ramadan
The coronavirus pandemic has turned life upside down for many New Yorkers, including those who wish to safely practice their faiths. Muslims, who began the holy month of Ramadan on Thursday, are no exception. The holy month involving fasting from sunup to sundown, charity, and prayer is typically celebrated as a community. But due to …
New York To Distribute 500,000 Free Halal Meals To Muslims During RamadanRead More
